The platform of eToro is open seven days a week, around 24 hours.However, place on Sunday regular maintenance. Even if it is traded over the counter with eToro, serve as a basis the rates determined on the stock exchanges or in the foreign exchange market. Therefore, the official start Forex trading hours on Sunday at 23.00 (start of forex trading) and end on Friday at 22.00. The fact that the trading hours are generally relatively long, so that with the fact that the prices of various global markets and exchanges originate around the world. On Sunday at 22.00 is in some Asian countries already Monday morning.
1) trading hours
The trading floor — the epitome of financial market transactions — are everywhere on the globe. These are the places where so-called «fungibles» as just securities, currencies and commodities are mostly traded by stockbrokers. In England alone, there are nine different stock exchanges with a corresponding number of commercial products. It is hard to make a picture of how many exchanges are located worldwide. The fact is that the trade has experienced a worldwide network thanks to the Internet. In the meantime, you can change with a single click of a stock exchange to another, as long as they are open. Thanks to the time difference and the human need to move the main working hours to the day, it comes in five days a week to a 24 hours possible exchange trading. The exact opening times vary according to the customary practices. So Tokyo and Hong Kong maintain for example a long lunch, while other exchanges by working. To illustrate a few opening times in this example are listed below:
- London: 09:00 to 17:30 CET
- Frankfurt: 09:00 to 17:30 CET
- New York: 15:30 to 22:00 CET
- Hong Kong: 03:00 to 05:30 / 07:30 to 9:00 CET
- Tokyo: 1:00 to 03:00 / 04:30 to 07:00 CET
- Sydney: 1:00 a.m. to 07:00 CET
- Chicago: 15:30 to 22:15 CET
- Sao Paulo: 2:00 p.m. to 22:00 CET
Conclusion: Due to the time difference, it is possible to operate five days a week on-exchange trading. Only place from Friday evening to Sunday evening 22 o’clock to 23 o’clock here take a break, because all exchanges are at this time in the weekend.
2.) What concrete trading hours does eToro provide?
Here it must again be noted that eToro also runs counter trading.Because of this it is possible to broker its clients outside the stock exchange opening times to trade permit. The special trading hours of individual commercial goods may vary. For foreign exchange, the focus of social trading broker eToro, the trading session ends on Friday as late as 22.30. For silver and gold again trading begins on Monday midnight and ends on Friday at 21.45. In addition, every day from 23.00 hours to 24.00 hours a commercial break. For oil, the same trading hours apply the same principle as for the precious metals, however, the daily break is a quarter of an hour shorter. She begins at 23.15. The trading hours for the DAX is even shorter, it begins each day at 8:00 am and ends at 22.00, on Friday a quarter of an hour earlier. Note that for other instruments such as the Dow Jones still others trading hours, this can be read in detail on the website of eToro. A special service is the eToro demo account, here you can try out the effects of the trading hours for free.
Conclusion: eToro can grant continuous trading hours due to the supply of on-exchange and off-exchange trading. The exact trading hours are listed on the eToro homepage.
3.) 3 facts about the trading hours
There are a few things that need to be considered with respect to the trading hours. These times usually have influence on the price.
I. So it comes naturally to overlap the opening times of stock exchanges. At this time the foreign exchange rising fast in some markets. This is partly a result of the fact that just more traders in the market are active at this time. Secondly, of course, most can thencurrencies are traded. A regularity which way the price moves then, can not be found. Of course this is also dependent on several factors. Decisions by governments, forecasts of economic experts or natural disasters may affect the price in a particular direction.
II. Find At eToro regular maintenance breaks. These will be announced early enough and are also often put on the Sunday. However, you should keep this in mind. During the exchange trading breaks contracts can be concluded that then open the stock market can be realized.
III. In addition, you should keep the economic calendar in mind. Here the Bank Holidays are listed in the various countries. On these days, the stock markets are closed and it is possible that open positions are automatically closed or held against a rollover fee.
Both possibilities can have disadvantages, which is why a conscious decision in advance is desirable. Moreover, it is in any case recommended to the beginning of each trading week to pull the economic calendar for advice to develop an approximate strategy.
Conclusion: The opening times of some markets overlap. During this time there may be large fluctuations. On Sundays at eToro regular maintenance. The Bank Holidays of different countries should be monitored by means of the economic calendar.