People are attracted to investing in stocks, bonds and currency as an option to get rich. The Internet has opened a way to preserve and increase personal savings by trading on world markets. The development of the Internet allows trading both on Russian exchanges and on foreign trading floors.
Opening hours of exchanges are different for objective reasons. The globe is divided into 24 time zones. In Russia, an early morning begins west of the Urals, and in Tokyo, the Nikkei site opens bidding. The Moscow Exchange is starting work, and Frankfurt and London have not even started breakfast.
From dawn to dusk
On stock exchanges, operations with securities are conducted on business days. On holidays and on weekly days of rest, trading sessions do not open. Each country forms its own calendar of annual holidays. The country's financial Mecca rests on days declared state holidays. The rest of the sites are trading according to the established schedule. For example, in the Russian Federation, Victory Day is celebrated on May 9, and the Moscow Exchange is not working. But in Europe, America and Asia, trading takes place in standard mode. Operating time lasts 8 hours.
The Internet has smoothed out time differences. Just open an account on the exchange. It is possible to place applications for the purchase and sale of securities in electronic trading on each trading platform.
Trading on world exchanges
A trading session consists of three stages:
- Auction opening, or pre-bid period.
- Main session.
- Auction closing, or the period after bidding.
An auction before bidding is held to determine the opening price in order to prevent manipulation of the price of the first transaction.
Auction after bidding increases the liquidity of the market, as it forms the price for concluding the maximum volume of transactions.
Since buyers and sellers do not enter the auction at the same time, the main session for up to 8 hours is allotted for operations with market instruments.
The main trading on the Moscow Exchange MOEX opens at 10:00 and ends at 18:45. There are 11 time zones in the Russian Federation. Bidders in their own time zone will adjust the local time. Next, the operating hours of exchanges in the main session mode are considered.
Australia's ASX marketplace opens at 1 a.m. and closes at 9 a.m.
Tokyo Mecca TSE works with the singing of the first roosters - from three in the morning to nine in the morning.
Russians greet the morning with a cool, when in Hong Kong at five o'clock HKSE issues the first application and patiently waits for execution until 11 o’clock.
The London LSE and the Frankfurt FWR start simultaneously at 11 a.m., but the British finish work at half past seven in the evening, while hard-working Germans put out the screens at ten o'clock.
The custodians of the stock sections in America, NYSE, NASDAQ, and AMEX, simultaneously open the doors at half past five in the evening and extinguish fights at midnight.
COMEX, NYMEX and CME North American Commodities are trading at 15:50, 16:20, 18:00, respectively. In New York, transactions stop at 21:30 and 22:30, and Chicago plows until 02:00.
Dollar, Euro, Yen, Pound and all the rest.
In the foreign exchange market there is no concept of "working day". The working hours of the Forex exchange are 24 hours a day. Bidding flows from one continent to another - Australia, Asia, Europe, America.
In foreign exchange trading, it is customary to count GMT. The report is kept for weeks. The five-day working week starts at eleven o'clock in the evening GMT. On holidays, trading is not carried out. Examine the nature of trading in each of the four regions and select the trading period, where the result will be profit.Try not to trade on weekends and holidays when there is a high probability of a sharp change in price.
For clients of the Moscow Exchange, a table for translating time to the Moscow countdown is offered.
Continent | City | GMT trading period, opening - closing, hour | The difference with Moscow time, hours |
Australia | Sydney | 22:00 - 06:00 | -6 |
Asia | Tokyo | 00:00 - 08:00 | -6 |
Hong Kong, Singapore | 01:00 - 09:00 | -5; -4 | |
Europe | Frankfurt, Zurich, Paris | 05:00 - 13:00 | +2 |
London | 06:00 - 14:00 | +3 | |
North America | New York | 12:00 - 20:00 | +8 |
Chicago | 13:00 - 21:00 | +9 |
America Marketplace Regulations
Moscow counts the last 60 minutes of the working day on the securities market, and the New York Stock Exchange opens the trading session. Opening hours are regulated from 17:30 to 00:00 Moscow time. NYSE announces holiday calendar in advance. In 2017, nine dates were taken into account: January 2, January 16, February 20, April 14, May 29, July 4, September 5, November 23, December 25.
Rest with Moscow and New York traders synchronized only on January 2. In the other 8 days, Russia works without American friends.
The trading session before Thanksgiving, November 22, and after Independence Day, July 5, ends at 13:00 Eastern Standard Time.
The Great, Mighty, Unbeatable Moscow Exchange
The opening hours of the Russian exchanges are on weekdays from 10:00 to 18:45 Moscow time.
The Moscow financial Mecca is loyal to customers, therefore, publishes a calendar of holidays on a monthly basis.
The Russian trading platform carries out operations with currency. But the rules of work are different than on the "Forex".
The work of the Moscow Exchange is regulated by the Central Bank regulations and the rules of the trading platform. The Bank of Russia monitors the implementation of the regulations. Settlements are controlled by the National Settlement Clearing Center.
Companies for working on Forex are registered in offshore zones, not having rights to operations with currency. Multiple events of dishonest behavior are known in settlements with foreign exchange traders.
On the foreign exchange market of the Moscow Exchange are visible applications of existing participants.
Forex brokers do not strive for openness; customer applications remain inside the company. The broker's interest and mission is not to respect the interests of the client, but to reset the account of the bidder.
A sore point is trade on the shoulders. Exchange brokers strictly assess the risks, the leverage for trading currency pairs is not higher than 10. The broker of a company trading on Forex, solving the task of canceling a client’s account, provides leverage of 500, and then calmly kills the account.
From a foreign currency account on the Moscow Exchange, funds are withdrawn to a foreign currency account with a bank. Forex brokers do not provide money transfer services from an exchange account to a personal bank account.
The result of work on the currency market of the Moscow Exchange is determined by the business qualities of the trader.
How to trade on world exchanges
- Choose a broker with the right to access global trading floors.
- Understand the conditions of the services provided so as not to incur waste.
- Open a demo account and in practice check your knowledge of the market area.
- Switching to operations with a settlement account with a broker should only be with the conviction that the principle and rules of trading are understandable.
Good luck and success accompany the patient.
