Daylight savings time and forex trading, what’s the impact?
Open and close times will also vary during the months of October/November and March/April as some countries (like the United States, United Kingdom, and Australia) shift to/from daylight savings time (DST).
The day of the month that a country shifts to/from DST also varies, confusing us even more.
And Japan doesn’t observe daylight savings, so thank you Japan for keeping it simple.
Now, you’re probably looking at the Sydney Open and wondering why it shifts two hours in the Eastern Timezone.
You’d think that Sydney’s Open would only move one hour when the U.S. adjusts for standard time, but remember that when the U.S. shifts one hour back, Sydney actually moves forward by one hour (seasons are opposite in Australia).
Keep this in mind if you ever plan to trade during that time period.
Dealing with DST is a pain but that’s what happens when a market trades around the clock!
It’s important to remember that the forex market’s opening hours will change in March, April, October, and November, as countries move to daylight savings on different days.
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