January 8, 2022

Forex Trading Hours of XM MT4 and MT5

When you can trade Forex on XM MT4 and MT5? Know the market hours and the rules of XM.

When-you-can-trade-Forex-on-XM-MT4-and-MT5-Know-the-market-hours-and-the-rules-of-XM. When-you-can-trade-Forex-on-XM-MT4-and-MT5-Know-the-market-hours-and-the-rules-of-XM.

XM - What's now?

XM has updated the maximum leverage to 1:1000 in June 2022.

Leverage 1:1000 does not apply to client registered under the EU regulated entity of the Group. The maximum leverage for Trading Point of Financial Instruments is 30:1.

Forex Market Hours on XM MT4 and MT5

If one major forex market closes, another market opens. For example, based on Greenwich Mean Time (GMT), forex trading hours move as follows in the world: The New York market is open between 1 pm and 10 pm GMT, the Sydney market is open at 10 pm GMT, and the Tokyo market is open from midnight GMT to 9 am GMT. Finally, the London Market opens from 8am to 5pm GMT, ending this cycle. Thus, with the participation of central banks from each continent, traders and brokers around the world can trade online 24 hours a day.

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Trade Forex 24 hours a day with XM

The Forex market can be traded 24 hours a day, and it is important to know the most active trading hours.

For example, if you look at the less active hours of Eastern Standard Time (EST) between 5 pm and 7 pm, after the New York session ends and before the Tokyo session begins, the Sydney session will open, but the other three. It will be a more modest move compared to the major sessions (London, USA, Tokyo). As a result, less movement also reduces financial opportunities. If you want to trade currency pairs such as EUR / USD, GBP / USD or USD / CHF, you will find that there is more movement between 8am and 12pm when both Europe and the US are in motion.

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Check the Economic Calendar to follow the trend

One thing to keep in mind with other Forex trading hours is when the government report and official economic news are released. The government will schedule when this news will be announced, but the announcement schedules in each country are not unified.

Therefore, it is worth investigating the economic indicators published in major countries. Because these are in line with the most active movements in Forex trading. Such violent movements represent a great opportunity in currency prices, which can sometimes be executed differently than the price expected by the order.

As a trader, you have two main options. The first is to include the news period in Forex trading hours in order to get the maximum profit from larger price fluctuations. And the second option is to suspend trading at these times. Whichever you choose, you need a proactive approach when prices change suddenly when news is announced.

Check out XM’s Economic Calendar

3 main trading sessions of Forex

The most productive time for day traders is between 8am GMT when the London market opens and 10pm GMT when the US market closes. The peak trading hours are between 1:00 GMT and 4:00 GMT when the US and London markets overlap. The main sessions of the day are the London, US and Asian markets.

Below is an overview of trading sessions to help you get the most out of your market.

London Session
Open from 8am to 4pm; EUR, GBP, USD are the most active currencies.
US Session
Open from 1pm to 10pm; USD, EUR, GBP, AUD, JPY are the most active currencies.
Asian Session
Opens Sunday afternoon at around 10 pm GMT and enters a trading session in Europe around 9 am GMT; not very suitable for day trading.

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