Daylight saving time (DST) or simply summer time is a practice of advancing clocks to 1 hour forward from standard time during summer months, which means that the evening daylight will last an hour longer.
Daylight Saving Time (DST) and its affect on Forex Trading Hours in Singapore
The market’s opening and closing time will be affected in this case.
For example, the standard forex market opening time in Singapore is 5am on Monday and closes at 5am on Saturday.
Whereas during the daylight saving time, the forex market will open at 6am on Monday and closes at 6am on Saturday in Singapore instead.
How Daylight Saving Time (DST) affects “The Alien Room”Forex Trading Style
Since we are 4 hour traders, “The Alien Room” standard 4 hour closing times are 5am, 9am, 1pm, 5pm, 9pm, 1am.
However during the daylight saving time, our 4 hour closing times will be affected and revised to 6am, 10am, 2pm, 6pm, 10pm, 2am instead.
So if you are waiting for a 2am confirmation, then you have to stay up late.
But don’t forget that the alien room is watching the trades for you 24 hours and with the set and forget price level, you can earn while you sleep *smiles*
Axitrader And Its Affected Instruments
Thankfully the only affected instruments in Axitrader are the European indices – CAC40, FT100, DAX30 and EUSTX50.
In case you have missed out the announcement email sent by Axitrader, here are the changes of Metatrader 4 sever session times of CAC40, FT100, DAX30 and EUSTX50.
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Apart from daylight savings time, we have approached the end of October 2016 and “The Alien Room” has score amazing trade performances since the start of OnlineForexMaster.com – 4th consecutive winning month.
If you like what we are doing – and will be better, then recommend us to your friends to learn forex, then follow the expert (us) and be empowered. We will give you and your friend free additional month access to our trade signals once he/she has successfully paid for Master Forex Course.
*07/11/2016 UPDATE* – FOREX MARKET OPENING AND CLOSING TIME AFFECTED BY US DAYLIGHT SAVINGS
As of 07 November 2016, Axitrader users will be affected by daylight savings for Forex market.
Please take note of the following timing and H4 closing till further notice:
- Forex market will open at 6am on Monday and closes at 6am on Saturday.
- The time for H4 closing will now be 6am, 10am, 2pm, 6pm, 10pm, 2am.
If you are in countries like Singapore, Malaysia, Hong Kong, Philippines, Brunei, Malaysia and some parts of Indonesia, then this piece of information is relevant to you.
As usual, “The Alien Room” will be monitoring the trades for you.
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