Results 1 to 4 of 4

Thread: Time Zones, Day Light Savings, and Major Markets

  1. #1
    Hi All,

    I'm new to trading, and now I don't understand the way the Time Zones work when you take into consideration Day Light Savings. I've been studying Forex progr and also have been advised to exchange throughout the Major Global Trade as follows from EST..

    Europe Market opens at 2:00am EST
    Asian Market opens at 8:00pm EST
    US Market opens at 8:00am EST

    I understand the North American Market time will remain at 8:00am EST all year round. Will the Asian and Europe Markets open in the same EST time or does that need to be corrected when Day Light Savings occurrs? I've read that Asia and Europe use. If someone could clarify this, I'd be MOST appreciative =0) Thank you for reading.

    Best regards - Greg.

  2. #2
    Quote Originally Posted by ;
    Hi All,

    I am new to trading, and I do not understand the way the Time Zones work when you take into account Day Light Savings. I have been studying Forex progr and also have been advised to trade throughout the Major Global Markets as follows from EST..

    Europe Market opens at 2:00am EST
    Asian Market opens at 8:00pm EST
    US Market opens at 8:00am EST

    I know the North American Market period will stay at 8:00am EST Throughout the Year. Will the Asian and Europe Markets nevertheless open in precisely the EST period or does this need to be adjusted when Day Light Savings occurrs? I have read that Asia and Europe use GMT time which doesn't have Day Light Savings so I am perplexed. If someone could clarify this, I'd be MOST appreciative =0) Thank you for reading.

    Best regards - Greg.
    London opens @ 08:00 GMT NY unlocks 5 hrs after as EST is -5 GMT (13:00 GMT)
    In summer both UK NY change to DST therefore then, London opens @ 08:00 BST (07:00GMT) and NY still unlocks 5hrs after @ 08:00 EDST (12:00 GMT)

    Grab this clock from http://www.qlock.com to help you

  3. #3
    Thank you for the help =0)

    So just to confirm, Tokyo doesn't have Day Light Saving and will always begin at 00:00 GMT?

    Best regards,
    Greg

  4. #4
    The fact that DST is really confusing is because countries that use it do it on different dates, so the time difference is messed up for some while before every one is back to synchronism.

    Just get the precise dates that the US, the united kingdom and other major countries apply the DST time you will not be confused in any way.

    Thanks,

    Nader

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners more information