The FX market is considered to be one of the best markets as it consists of Forex pros who keep updated information about the market. With this option you are able to get receive current information of what is happening in the market. You can connect yourself with the global development and current conditions persisting there. This helps the traders to find the trading opportunities at any point of time. This is an added advantage for the people. There is no need to wait for the trading time which is 9:30 according to New York time when the market will open but you can find the market report before the market is open.
Even if any kind of announcement has to be done between 4:00 pm to 9:30 am according to New York time the market has to be opened. The Forex Pros have to wait for the market to begin and the action that will be taken. If you have the service of ECN or commonly called as electronic communication exchange then you can go for premarketing trading. Since this time the conditions may be different from what they were going around. Thus with the FX the people can easily access the market at the time they want to. As most of the people are full time workers therefore it will be difficult for them to wait for the market to open and many such problems. You can simply get any current information that you want as foreign exchange market persists. Through FX trading you can be a part of other Forex Pros who are in to this business.
On Sunday the market is opened at 5:00 pm when the market in Sydney as well as Australia open. Next to it is Tokyo where the market opens at 7:00 pm followed by Singapore and Hong Kong at the same time. The European market follows a different format and therefore market in London opens at 3:00 am. When the time is around 4:00 you can find that the markets are in their extreme swing and many activities take place at this time. When it comes to US market it opens at 8:00 am according to the New York time. This is the time for closing in Europe as Sydney will again open the market at 5:00 pm.
The trading becomes more energetic when the timings of the trading collapse. For example in case of Asia as well as the Europe the common timings are around 2:00 am and 4:00 am. Then you have the markets of US and Europe where the overlapping timings are at 8:00am and 11:00 am. For Asia as well as United States the timings for overlapping are 5:00 pm and 9:00 pm. With respect to the New York time or the London time the countries trade actively and for Asian trading the pairs like AUD/JPY or GBP/JPY are at its peak. Forex Pros are used to the highly volatile Forex Market, and as you can see this volatility makes for long groupings of hours as the 24 hour market demands.