New Forex Market Clock

Posted by Nick 27 Comments

Hey Guys,

Just wanted to let you know that we updated the Forex clock. It now is (as far as I can tell) the best Forex clock on the internet. It gives you even more information than before. The clock automatically detects your computers time and uses it to tell you at exactly what time each session closes in your timezone. Check out the changes now and enjoy.

Please make sure you have your computers clock set correctly. On windows the computer clock is usually on the bottom right corner of your screen and you can change the setting from there.

Erico

Thanks Nick. I noticed the changes earlier and it looks great. Keep it up. Happy trading!
NeilA

Like it very useful, good job
phil

Hey Nick,Job well done, makes it easy for us noobies
Aiman

Amzing Nick,

FOr m
Erico

By the way Nick. Doesn’t the “Best time to trade Nick B’s. etc.etc method” not apply any more? You had it on the last clock.
Phoebe Ejimbe

Hi Nick,Indeed, your clock is the best!!! It is very very helpful to have the clock showing other trading zones times in my own time. GREAT!!!
http://www.merchantprince.com John Edwards

Awesome tool, my friend. Thanks for this, truly.
CTgirl

Hi NickThanks – great work – I like it! Much appreciated! Very easy to understand!
Art

This is so much easier now!!!! Thank you & your team!
http://agiotista.com CJ Rivas

Nick and all,Allow me to clarify something : The new clock uses the timezone of the user. but the actual time and date come from Forex4Noobs.com, which in some cases, is a bit more accurate. Enjoy all.CJ.-
Howard N

Great clock! Thanks,Nick
dallia

She’s apples mate. E sono buono. First for the Australian side of you the other for the Italian.
JaviSP

simply the best .-)
proarmand

It´s great, thanks Nick
Ob

Great job Nick! One thing though, wish you could put back on the times when it is generally considered slow market. I know that is something that I should know now but I like to refer to it if I get confused.
Maxim Pro

Yeah! The new Clock is great, no more confusion about the timezones!Thanks alot, Nick!
Wilcox

Does it take holidays into account?
Wilcox

Guess I can answer my own question: No.

It is spring bank holiday in the UK today and the clock shows the market to be open. It is also going to be a holiday for the US market :-/

Also, check the “session” spelling. The clock reads “high activity sesion” for the EU and UK market.
NickB

Technically the market is open. You can still trade can you not? So the market is open…. The clock will turn off in the Christmas period as markets are closed.

As for the spelling mistake thanks.
Wilcox

The market is open – no doubt. Just not in the countries the clock suggests

NickB

@Wilcox:

Well technically it is open in the countries the clock shows. The Forex market has no physical location in any country. So it not truly closed in the UK at the moment.

Even with market sessions in Forex they’re not exact they’re approximate. Some clocks say it opens at 7am GMT some at 8am GMT others at 9am GMT….. It isn’t like Wall Street that opens at a specific time.

Technically the market is open in the UK we can exchange currencies and trade currency markets. The only difference today is that banks are closed so we see less volatility.

If a big Forex building stood in the middle of London and it shut down every bank holiday then I would agree that the market is closed. However, said building does not exist so the market is not really closed.

Wilcox

The market in the UK (to stick with the example) is closed. Bank holiday = Bankers on holiday = Not at work = No trading on the UK marketplace.

Just because we can trade doesn’t make the UK market open, instead we are trading other European markets which happen to be open at similar times as the UK. Later, South America and Canada kick in and so forth.

But regardless of that, following your argumentation, why would you bother with implenting flags in to your clock to begin with? It would be a lot easier to just have one clock that shows the market as open for the bigger part of the week.

NickB

@Wilcox:

This is where we disagree. If the stock market closes Wall Street closes, however the Forex market does not have a location. So as far as I am concerned just because most of the banks are on holiday it doesn’t mean the UK session is no longer the UK session. The ‘UK session’ is simply a term used to described the trading period between 8am GMT and 5pm GMT. It is the session in which investors, banks, hedge funds ect in the UK are actively trading. Banks in the UK aren’t trading on a bank holiday but many investors are and I am sure some hedge funds are too. Just because banks aren’t trading it doesn’t mean the UK session ceases to exist for that day.

The UK session is still very much the UK session.

As for implementing flags. The flags simply show us with session is active. Many traders want to know which session is currently active. The UK session tends the be the most volatile session so people like to trade it. To do so they need to know when it starts.

I think the main point here is why do you even care and why are you wasting your time? As far as me and the 3k people who use the clock daily are concerned it works fine. You’re the only one complaining about it. I could always code the clock so certain sessions shut down on bank holidays but I do not see the point.

The UK market is open on a bank holiday. Perhaps not to the same extant it is open on a normal day but it is open. Regardless of that the UK session is still the UK session. As long as you can take a trade between 8am and 5pm GMT the UK session is active.

Wilcox

Hi Nick,

Why do I care? The information (i.e. above) you give is not correct and I think it should be, esp. for new traders, at whom your site seems to be aimed at.

I looked around your site (or wasted more time? LOL, point of view…) and noticed you actually recommend against trading during bank holidays on your “When no to trade” page. Sadly, the users of your clock won’t know when they are.
NickB

@Wilcox:

Incorrect information to you perhaps. However, I believe the information is correct. The UK session does not cease to exist simply because banks in the UK are not trading. There are still many other institutions and investors trading. The UK session is still very much active.

Take a look at the chart. Even on the recent bank holiday the UK session was more active than the Asian session.

So, with all due respect you have no clue what you’re talking about. The Forex market has no official location and has no official open/close time. The open/close times are subjective…

I say not to trade bank holidays, you’re correct! However, the purpose of the clock is to show you which session we’re currently in not if today happens to be a public holiday. The UK session is the UK session regardless of bank holidays. The market is still open between 8am and 5pm GMT, investors and financial institutions can still trade.

You wasted your time here? Great you’re welcome to leave at any time. Form your own site…. spend $2k having a clock coded that closes on bank holidays. You might do well actually, your clock will be very unique (unique is good). Seeing as my clock and all the majority of other leading Forex market clocks do not close on public holidays.

Here is another idea. Go write an email to all the other clock providers and ask them why they do not conform to your open/close standards.

This is my last response to you. It had been a waste of time – just my opinion -
http://www.ryan-mclaughlin.com Ryan

What happened to the clock?

Nick

Nothing, it is still there, can you not see it?