Forex trading hours are: 24 hours a day from Sunday evening at 5pm EST (GMT-5) through Friday afternoon at 4pm EST. Converting to Singapore time (GMT+8), the trading time frame is from Monday 6AM to Saturday 5PM, and it is actually full Monday to Friday.
Original article is from here.
Many people use just one time frame to trade the forex markets, and if they are profitable then fair enough. However if you want to be a profitable trader, it generally makes sense to use two or more time frames when making trading decisions.
This is because if you’re basing your entries and exits on just one time frame, you’re oblivious to the wider trend and you therefore risk trading against this longer term trend, which is never a good idea. For example, if the 4 hour chart and the 1 hour chart of a particular currency pair are in a strong bullish trend, then it’s probably not a good idea to be looking for possible shorts on the 15 minute chart.
什么是外汇交易？
答：外汇交易市场是世界上最大的金融市场。外汇市场几乎全天候都有交 易在进行，且交易量庞大,估计每天约有数兆美元的规模。这样的规模较全球所有股票市场的交易总额还大。外汇市场并不是集中一地，而属于场外交易,买卖双方 靠电话、计算机、传真机和其它实时通讯工具连结,进行买卖。据国际清算集团最新统计显示,国际外汇市场每日平均交易额约为1.6万亿美元。