TPO and forex | Traders Hideout


futures.io - futures trading strategies, market news, trading charts and platforms


Traders Hideout


Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons




 

TPO and forex

  #11 (permalink)

Guesser
Reading UK
 
Trading Experience: None
Platform: Custom
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,632 since Oct 2016
Thanks: 2,268 given, 4,307 received


josh View Post
The first markets in Australia open around 5pm Eastern US time on Sunday after a 48-hour break. All markets close by EOD Friday in the US, also around 5pm. So, the most logical "day" is roughly 5pm to 5pm Eastern US, 24 hours. That makes 5 actual days. This is roughly in line with the GLOBEX day for most products. Any other time leads to more than 5 "days," and if you tally the hours, the forex market is open for 5 out of 7 days.

Great answer thanks @josh that helps. So when the US session closes at 5pm , whatever price it closes at is the settlement price aka rollover in the forex world? Settlement seems to be a factor in the futures market so I presume it has influence in other market as well.

Visit my futures io Trade Journal Reply With Quote