# Forex Trading

### Introduction

To meet users' broader trading needs and expand the range of trading categories, KiloEx has added support for forex trading pairs.\
The leverage range spans from 10x to 1000x. Additionally, the transaction fee rate for forex trading has been significantly reduced to 0.02%.\
For specific tradable forex pairs, please refer to the new trading pairs listing announcement.

### Forex Trading Hours

Unlike the cryptocurrency market, the forex market is not open 24/7. The times are referenced in ET (New York time).

| Trading Day | ET (New York Time)                                                                   | Singapore Time (UTC+8)                                                               |
| ----------- | ------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------ |
| Monday      | All day                                                                              | <p>Starts at 4:00 AM (Daylight Saving Time)<br>Starts at 5:00 AM (Standard Time)</p> |
| Tuesday     | All day                                                                              | All day                                                                              |
| Wednesday   | All day                                                                              | All day                                                                              |
| Thursday    | All day                                                                              | All day                                                                              |
| Friday      | <p>Closes at 5:00 PM (Daylight Saving Time)<br>Closes at 6:00 PM (Standard Time)</p> | All day                                                                              |
| Saturday    | Closed                                                                               | <p>Closes at 5:00 AM (Daylight Saving Time)<br>Closes at 6:00 AM (Standard Time)</p> |
| Sunday      | <p>Starts at 4:00 PM (Daylight Saving Time)<br>Starts at 5:00 PM (Standard Time)</p> | Closed                                                                               |

### Gaps

The prices of forex trading pairs may change when the market is closed, causing gaps where the market opening price differs from the last closing price. Therefore, we cannot guarantee stop losses, which means it's crucial to be cautious about keeping trades open when the market is closed. Once the market opens, significant adverse movements may lead to liquidation. Conversely, due to volatility, you might achieve larger profits than initially planned. Please consider this when using high leverage.

### Reduced Leverage/Increased Spread

During major news events, maximum leverage is temporarily reduced, and spreads are temporarily widened

### Risk Warning

The forex trading market is highly volatile. Investors should operate with caution, understand the risks, and develop a trading plan according to their own risk tolerance.