at different times. Follow price developments and keep track of the latest market moves on Forex. The demands are high, meaning high volatility, and as well high liquidity. Hong Kong, tokyo, sydney, xetra, nYSE - Closes in 3 Hrs. GMT or GMT2 broker, which is more ideal? Forex chart FOR GMT, gMT stands for Greenwich Mean Time, it is the London time. With the London trade session being the busiest session there is, there is also the fact that it exposes traders to the highest risk level while trading (but forex is naturally risky, trade session irrespective). In this section charts give you a possibility to monitor the dynamic of different currency instruments. As can be understood, the GMT brokers have an additional trading session (i.e: Sunday) for the week. London Xetra 07:00 - 15:35 GMT.
Technically speaking, the only difference between these two types of broker server times is the difference on the way the daily candlesticks are calculated. Nyse Frankfurt 13:30 - 18:00 GMT. This will give you an idea of what is to happen in future if you know how to read your charts right. The picture below shows a GMT3 broker whose server time is shown on top of the Market Watch window.
However, if you shift to a lower time frame, the hourly and lower charts tend to be uniform as far as the candlesticks are concerned. How to find out Server time your broker. A forex chart is a trading tool used to detect the activities in the forex market. Besides the aspect of the different in pivot points, even the indicators such as moving averages or oscillators such as Stochastics or RSI are also calculated differently in comparison to regular GMT2 or 3 brokers. Overlapping trading hours contain the highest volume of traders. Traders, in most cases, prefer to start their forex career with the London trade session because that is where the action.