What are the working hours of Forex in Tehran time?
If you are new to the forex market, you may be wondering what days and hours the forex market is open.
Hello, if you are a forex trader or a digital currency exchange trader. It is important that the hours mentioned in this article. Note carefully that we will introduce fluctuating hours.
I must tell you that the forex market is a 24-hour market that is open 5 days a week. You can trade during this period, but note that trading at different hours has its own strategy. This issue is also different due to the amount of liquidity.
But in general, according to the global summer and winter time, the forex market opens at 2:30 a.m. on Monday in the first 6 months of the year. This market is open until 2:30 am on Saturday. Due to this, the market is officially closed on Saturday and Sunday. But in the second 6 months of the year, the market opens on Monday at 01:30 and continues until Saturday at 01:30 in the morning Tehran time. Again, the market is closed on Saturday and Sunday.
But before we continue the forex topic, it is better to pay attention to some very important points for you. The first thing we should pay attention to is that you need to convert your rials to dollars or Tether to operate in the financial market. Since our followers are usually traders. For this reason, we have a live digital currency price table for you to have a standard price for your transactions.
If you are a regular forex trader, you might think that this watch is just like any other watch for you. with the difference that the market is only supposed to be closed. But if you are a professional trader, you know that this hour is the most important hour of a personal forex trader. The first reason is that the spread opens significantly during these hours. It means that your trades are opened and closed with a few pips difference. This few pip difference may be a perfect trade for a scalper.
The second point is for those who have mid-term and maybe long-term positions on different currency pairs. When you just want to open a position, you usually wait for this hour, because of the chats that may arise. For example, there are usually a significant number of market opening chats on a weekly basis. In some accounts, this conversation may lead to a margin call. Usually when the market opens on Monday.
Professional traders do not trade until the London session opens. Of course, they do not trade in the first two hours of the London session either. The reason is the back and forth movements of the market. But you, as a trader, should pay special attention to the main sessions.
If you are a professional trader in the forex market, you are familiar with the sessions and you know that the session has its own trading volume. For example, the biggest market movements happen in the New York session. Usually, people in the London session are also looking for a suitable trigger. We will have a general reference to sessions in this section. Of course, note that in the first 6 months of the year, add one hour to these sessions, and in the second 6 months of the year, your number is fixed.
The forex market usually starts with the Sydney session. In this session, some heavy currency pairs such as euro to dollar or gold or pound to dollar usually have strong back and forth movements. In this move, your stop may be hit. Of course, if you trade in the above time frame. In this session, the candles are very small and you will experience a so-called suffering market. Sydney session time is 2:30 to 8:30. Of course, it may not be bad to trade the related currency pairs during these hours.
Usually traders who want to trade Asian currency pairs. From 3:30 to 9:30 in the morning, they can experience good trades. For example, US dollar to Japanese yen is one of the popular currency pairs that has very good movements during these hours. But these hours are still not suitable for trading on major currency pairs.
This session is one of the high volume sessions for trading. Usually, important news is also discussed at this hour. The London session opens at 11:30 am and continues until 20:00. If you intend to trade in the medium term, this session can be very important and effective for us. Usually, the most attractive entry triggers are obtained in this hour. On the other hand, you should also be aware of the fundamental news of your currency pair.
It is better to say that the money-making session of global traders or the golden session of the forex market opens at 18:00 and continues until 00:30. In this session, the volume of forex transactions reaches its highest level. Usually, in this forex session, scalpers show the best feedback. But note that it is better to manage your trades on Friday at the same time as the New York session closes. If necessary, close them and take a risk with Free.
You are familiar with Forex sessions in general, if you are a professional trader, the best trading time for you is the London session and the New York session. which is from 18:00 to 20:00. At this hour, the highest volume of transactions is taking place. If you
If you have left a position in the London session, you can enter the desired session in this session. Of course, be careful that high volume sometimes means spike. In any case, don’t forget risk management and capital management.
In this article, we talked to you completely and comprehensively about the working hours of Forex in Tehran time. If you have any questions or challenges about any part of the market, you can raise them in the comments section. We will do our best to give you the best and most suitable answer.