Tag: GMT

GMT (Greenwich Mean Time) is the world’s time reference, and providing a single standard for all. Located at the Prime Meridian, GMT is used as the international time standard for coordinating global activities in areas such as communication, navigation, finance, and science. GMT is also known as UTC (Coordinated Universal Time). This time standard is based on a 24-hour clock and is used widely throughout the world, allowing us to keep on schedule regardless of time zone. GMT allows us to have an accurate timereading that can be relied on internationally.

Market

Forex Market Hours GMT: An Academic Look

Forex Market Hours GMT: An Academic Look
6 min read

The Forex (Foreign Exchange Market) operates 24 hours a day, 6 days a week. It is important to understand that the Forex market is divided into 4 major trading sessions, the Tokyo session, the London session, the New York session, and the Sydney session. The Forex market operates in Greenwich Mean Time (GMT), which is the common base for all other time zones. By understanding the market hours in GMT, traders can easily determine when the different Forex markets open and close, allowing for trades to be made anytime during the day or night.