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Forex Market - "Hours of Operation"
If you didn't know that already, just imagine the thought of being able to watch market developments and to TRADE any time day or night. In Forex there is no need to worry about tomorrow's market opening 200 points against you -- the Dealing Desk accepts market, entry, limit and stop orders AROUND THE CLOCK via the internet or by phone to our dealing desk. When you follow global currency market fluctuations, you experience first hand how the global economic news and events are being reflected in currency price changes right in front of your eyes, often in the flash of the eye. If you are at home in San Francisco at 6 a.m. while at the same time Mr. Rubin is in Washington D.C. revealing new guidelines on US monetary policy, you can immediately place your order. If you are cruising in the Caribbean and your Internet-hooked laptop is monitoring your positions, you read the latest Tankan Report, you can get out of your Japanese Yen position right then and there if you so choose. Your transaction will be completed in seconds. As the dawn of a new day lights up the financial markets of New Zealand, Interbank currency markets get a new boost from trading desks of Wilmington’s banks connected with sleepless bank traders around the world. And off it goes. Tokyo wakes up and market activity increases. Then Singapore, Hong Kong, Seoul, Shanghai take over. As the business day moves over to another region of the Planet, the ones that are left behind stay alive and active through their banks and dealers’ currency desks. At 2:00 a.m. in New York, it’s the European Continent that is entering the scene. Frankfurt joins the market. And it is still only 1:00 p.m. in Tokyo. At 3:00 a.m. in New York, London’s huge marketplace becomes a center of the action. And in 5 short business hours, New York’s Wall Street adds billions of dollars of business transactions to the market.Still there is a weekend break. The Dealing Station closes at 4:00 p.m. EST on Friday. But with the international time zones in mind, remember that the business week begins at 5:00 p.m. EST on Sunday. THE OPPORTUNITIES IN THE GLOBAL INTERBANK CURRENCY EXCHANGE MARKET ARE EVERCHANGING AND EXCITING WELCOME TO THE 24 HOUR A DAY FOREX MARKET
© 2003 H.I.R. Investments |
