The Tokyo market is the first market in the world to open at 2300GMT on Sunday, but this is Monday morning at the Asia-Pacific region. Trading will start and continue non-stop moving into the London market, which opens at 0700 GMT, followed by the New York market at 1200 GMT. The market will only closed on Friday at 2200GMT, when the New York market closed.
There is something that you have to take note. Most retail forex transactions will have a settlement date on when the currencies are due to be delivered. You would have to rollover your position to the next settlement day if you would like to keep your position open. Some brokers carried out these rollovers automatically when the settlement day end, while some may require you to initiate the rollover.
When a position is rollover, there will be some charges involved, which is the rollover fee. This rollover fee is calculated based on the differential interest rate of the pair of currency that you trading in. This rollover fee can be a positive (interest gain) or negative (interest paid).
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