When are the Forex Market Opening and Closing Times in Indonesia

Lovata Andrean

When are the Forex Market Opening and Closing Times in Indonesia
When are the Forex Market Opening and Closing Times in Indonesia

Rancakmedia.com – When are the opening and closing hours of the Forex market (trading) in Indonesia? Many beginners ask this question. In reality, traders need to know when to trade forex. There are certain factors.

Although forex markets around the world operate 24 hours a day from Monday to Friday, this does not mean that trading activity is always active and profitable.

Traders will find it easier to make profits if currency exchange rates become more volatile in the forex market (often going up or down). But if the market is calm, it is generally very difficult to make a profit.

So, this post reviews opening hours, closing times and optimal forex trading times at The Forex Time (WIB) West Indonesia.

Forex Market Hours

Traders should know the differences before considering optimal Forex trading hours. Trading hours foreign exchange market divided into four (4) sessions: Australia (Sydney), Japan (Tokyo), Europe (London) and US (New York) meetings. Each session opens and ends in each time zone according to the bank's operational hours.

Forex Market Hours

The start and end times of each session are fixed unless Daylight Saving Time (DST) is implemented by all four seasons in the summer. The details are as follows:

DST Forex Market Hours

  • Sydney : 04:00 WIB to 13:00 WIB
  • Tokyo : 06:00 WIB to 15:00 WIB
  • London : 15:00 WIB to 00:00 WIB
  • New York : 20:00 WIB to 05:00 WIB

DST Forex Market Hours

  • Sydney : 05:00 WIB to 14:00 WIB
  • Tokyo : 06:00 WIB to 15:00 WIB
  • London : 14:00 WIB to 23:00 WIB
  • New York : 19:00 WIB to 04:00 WIB

If you look at the time, it piles up hours between two sessions. This period is known as “overlap.” At times of overlap, the forex market is usually busier because traders operate in two different time zones simultaneously.

The best and worst Forex Trading times

Based on the experience of traders, there are certain periods when currency exchange rates rise and fall rapidly. The biggest forex trading hours are these unique periods as they allow traders to achieve their profit goals faster. Specifically for the following 3 (three) periods:

  • When the Asia/Europe meeting overlaps and the European Commission's Europe/US session overlaps, namely 14:00-15:00 WIB and 20:00-00:00 WIB.
  • WIB is 15:00-00:00 during the European Session. The reason is because so far liquidity has been greater and the exchange has been busier. The European meeting includes exchanges between Euronext, London (LSE), Frankfurt, Germany and Switzerland.
  • In the middle of the week from Thursday to Wednesday which is far from the market opening on Monday morning and the market closing on Saturday morning.

On the other hand, there are times when forex trading is very “dangerous” because the market is too quiet or too volatile. When is that? When is it? Be careful with the next 3 (three) periods:

  • 1-2 hours after Australian market opening on Monday morning, as most traders are still inactive with little market liquidity.
  • During the 1-2 hours before New York markets close on Saturday morning, many foreign traders close their books for the weekend.
  • During the 1-2 hours before and after the publication of key economic data, such as NFP, inflation, interest rates, etc., some suggest that we stop trading one session before the NFP is released. Why? Prediction fluctuations are often anomalous and not easy to predict using technical analysis. Market movements tend to be relatively calm before the data is published, but after the data is released, currency exchange rates can jump from 100 to 200 pips in just a few minutes.

Forex market opening and closing hours

So, when do you choose forex trading hours after understanding all that? In time, traders can always choose the time for forex trading. However, traders should be aware that the features of each session are different. Understand the nature of your forex trading time to predict danger.

There are traders who deliberately choose the Asian session because exchange rate movements are slower, so variations do not make the trader's mindset too difficult. However, traders must understand that it takes longer to make a profit (than if trading forex in the European session).

Some traders also deliberately take action in forex trading before economic data (news traders) are published because they anticipate immediate profits in unpublished data from speculation.

Traders must carefully develop capital management strategies (money management), so that their accounts do not run out quickly due to wrong speculation.

Conclusion

Traders need to know when to trade forex. Forex market worldwide operates 24 hours a day from Monday to Friday. Traders will find it easier to make profits if currency exchange rates become more volatile.

If the market is calm, it is generally very difficult to make a profit. This post reviews opening hours, closing times, and optimal forex trading times at The Forex Time (WIB) West Indonesia.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks