Forex Market Hours: Is It Possible To Buy And Sell Foreign Currency 24 Hours/7 Days?

Forex market hours available to you will depend completely on your location. If you need to discover the particular times that the Forex markets open and close, you will need to take the time zones into account. It is very simple when expressed in UTC. This is Universal Coordinated Time, in the past known as Greenwich Mean Time. This is the normal (winter) time in Greenwich, UK , the position of zero longitude on the globe.

So, the traditional forex market hours are 22.00 Sunday UTC to 22.00 Friday UTC. It is 10 pm in the UK in winter time.

However it is not a 24 hours/7 days a week market given that it does shut on Saturdays and Sundays. 24 hours/5 days a week should be more precise.

New York City is 5 hours behind the UK so the global currency market opens and closes at 5 pm Sunday-Friday in New York, 2 pm on the US western seaboard, 11 pm in Munich, Germany, 8 am Monday-Saturday in Sydney, Australia.

Times get a little complex when you start to attempt to take daylight saving into consideration. This will make at least an hour variance in countries that observe it. However daylight saving performs in a different way in the southern hemisphere countries like Australia which have summer months from September until March instead of March until September.

The particular hours of the various major national Forex markets are as follows:

Sydney: 10 pm until 7 am UTC

Tokyo: 12 midnight until 9 am UTC

London: 8 am until 5 pm UTC

New York: 1 pm until 10 pm UTC

Or it is easy to express that in (Eastern US time):

Sydney: 5 pm to 2 am EST

Tokyo: 7 pm until 4 am EST

London: 3 am to 12 noon EST

New York: 8 am till 5 pm EST

You will see that these correspond to 24 hr coverage.

Having said that, that does not necessarily mean that trading would be good at all of these times. Right after a primary market opens, the prices can become very volatile and erratic. Many market traders will avoid the forex market for as much as an hour 4 times a day when the financial markets are waking up in those major cities.

The US Dollar is the most frequently traded forex by a long way, involved in 2.5 times as many trades as its nearest competitor the euro. Which means that events in the USA have a more significant impact on the financial markets than issues in other nations. The New York market has a tendency to decline around 3 pm local time (8 pm UTC) and if you are involved in a $US pair, this may very well be a good time to stop trading for the session.

So theoretically you can trade 24 hours day by day from Sunday night till Friday night. Autopilot software in the form of a forex robot can quite possibly make this physically workable. In spite of this, a cautious trader will choose his times and tend not to be active throughout all of the forex market hours.

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Another problem with starting forex trading with a very small account balance is that you will be tempted to overtrade. You may begin to treat it as a game.Organization can be the downfall of many an home office worker. You can start the day with your desk neat, tidy and completely organized and after the first hour of a busy day, disaster strikes. Your desk looks like a hurricane hit it. Some suggestions for keeping your desk organized include taking �€�regrouping�€� breaks, creating project areas, and utilizing baskets in your office closet.

A �€�regrouping�€� break can be very beneficial not only for cleaning and organizing your desk but for your own mental well-being. During a busy day at work at your home office, many people find that projects, files, notes, packages, etc. are dropped on their desk by a variety of co-workers. In order not to lose your mind or control over your workload, a five or ten minute break used to clean-up and organize your desk can be very helpful. During this break, you can take time to organize the projects based on timing or urgency.

Additionally, you can glance through the projects to determine if there are any that can be completed and �€�off your desk�€� quickly. Another option is to create �€�project areas�€� on your desk and/or work area. This system can help keep various projects and the information associated with those projects from getting commingled. This is particularly helpful in a multi-task, paper and file intensive work environment. You can even label the areas of your desk or office with the name the each project. This way, co-workers can easily identify the location of a specific project they need.

Finally, there is the �€�basket�€� method to office closet organization. Several medium sized baskets or even the lids to boxes (such as boxes used to deliver reams of paper), can be used to store information for projects that are in process. This is especially helpful when you have a project that is on your office closet desk but waiting for additional information. This allows you to move the project, and all its associated content, to another location on your desk or work area without losing important pieces of information. When you are ready to work on that project again, you just need to grab the basket and the information is ready and waiting. A disorganized desk can be very distressing for you when working from home. However, by employing a few simple organization ideas, a busy day can still be a happy day.

Home Office Design

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Written by admin on October 10th, 2009 with no comments.
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Design your Office Closet

Keeping your office closet desk space organized can be a task in itself, but it�s worth it to keep things in order. With a few simple tips you can tidy things up in no time. First, it�s helpful to have a designated area to put personal stuff. Your phone, keys, and all your other good stuff, should go somewhere easily accessible, as well as secure.

Always knowing where your items are is important, and will give you peace of mind, not to mention, keep them from adding to desk clutter. Remove all that is not necessary. You love your pink sparkle pen collection and your paper clip sculpture. But do you really need them in your office closet?

If you must have something, keep it down to a minimum. This is because space is typically limited in most office closets. Another way to clear things up a bit is to use a bulletin board. Tack up urgent items, or use it to hold your other inspiring bits of information. Either way, it can be useful in clearing some prime desk real estate. To tackle paper clutter it can be useful to have separate paper trays. Be creative with them and suit them to your needs, and most important, stick with it! Soon it will be second nature to use them. In and out boxes are a good start, but you can also have a recycling tray that will help you to keep the heaps of paperwork off your desk. Be creative, have fun! Getting organized can help things run smoothly.

Although a well planned office closet will not save you from working, it will hopefully keep you working smarter. By having a proper plan, your office closet can be an efficient work area. This will keep you focused on the work you need to accomplish.

Design you Home Office to work efficiently

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Written by admin on October 8th, 2009 with no comments.
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Planning your Office Closet Desk

As a professional organizer, I will know share my secrets with you. Start with a completely bare desk; clear off the surface and empty the drawers. Give it a quick cleaning if it needs it. Once that�€�s done, sit down at your desk with paper and pencil and make a quick list of all the things you do at your desk. Bills, correspondence, crafts, homework, creative writing �€" whatever you do, write it down. Once you have your list, imagine yourself doing each task. What supplies do you need for each one? Write them down.

Once you�€�ve narrowed down the supplies you need on a regular basis, go through the contents of your desk and put everything that doesn�€�t belong in a pile. You�€�ll probably find that there are things you use for each of your tasks, so you�€�ll want to put those where you can get to them. Use a desktop organizer or put them in the top drawer if you like the look of a completely clear desktop. Using trial and error, move the rest of your supplies around until you find the best storage arrangement for you.

Avoid putting things into boxes with lids because you won�€�t want to deal with them when you�€�re rushed. Bins, large or small, are more user-friendly. Try to group your items together in a way that makes it easy to start a new project. For example you may want to group typing paper and stationery. Give yourself a week with the new arrangement. At the end of that time, see what�€�s not working for you and make small adjustments to your storage. Add or subtract items as necessary. Some people love a clean desktop. Mine contains a vintage lava lamp, my laptop, my Rolodex and a mug full of pens and pencils. Finally, give your desk a quick once-over every night. It doesn�€�t take that much time to do and you�€�ll have the pleasure of sitting down to an organized and inviting office closet each day.