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).
Monday
All day
Starts at 4:00 AM (Daylight Saving Time) Starts at 5:00 AM (Standard Time)
Tuesday
All day
All day
Wednesday
All day
All day
Thursday
All day
All day
Friday
Closes at 5:00 PM (Daylight Saving Time) Closes at 6:00 PM (Standard Time)
All day
Saturday
Closed
Closes at 5:00 AM (Daylight Saving Time) Closes at 6:00 AM (Standard Time)
Sunday
Starts at 4:00 PM (Daylight Saving Time) Starts at 5:00 PM (Standard Time)
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.
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