As a forex trader, it is essential to know how to convert your local time (Eastern Standard Time, EST) to GMT+2 or any other time zone depending on your server’s location. This knowledge helps you plan your trading activities and avoid confusion that can lead to costly mistakes. In this article, we will explain how you can figure out GMT+2 on your server for 1 am when you are on EST.
The first step is to understand the concept of time zones. Time zones are geographical regions that have the same standard time. There are 24 time zones in the world, and they are based on the longitudinal distance from the Prime Meridian, which is the imaginary line that runs from the North Pole to the South Pole through Greenwich, London. The time zones are typically expressed as a difference from GMT (Greenwich Mean Time), which is the time at the Prime Meridian.
GMT+2 is two hours ahead of GMT, meaning that it is two hours ahead of the time at the Prime Meridian. Therefore, to convert EST to GMT+2, you need to add two hours to the current time in EST. For example, if it is 1 am in EST, you need to add two hours to get the corresponding GMT+2 time, which is 3 am.
However, this conversion is not always straightforward, especially if your server is located in a different time zone. Some forex brokers use different time zones for their servers, which can make it challenging to know the exact time to place trades. To avoid confusion, you need to know the exact time zone of your server and adjust your local time accordingly.
To determine your server’s time zone, you can check the broker’s website or contact their customer support. Most forex brokers provide this information either on their website or trading platform. Once you know the time zone of your server, you can adjust your local time by adding or subtracting the time difference.
For example, if your server is located in GMT+3, you need to subtract one hour from the GMT+2 time to get the corresponding server time. So, if it is 3 am in GMT+2, the server time would be 2 am. On the other hand, if your server is located in GMT+1, you need to add one hour to the GMT+2 time to get the corresponding server time. So, if it is 3 am in GMT+2, the server time would be 4 am.
In conclusion, converting EST to GMT+2 for forex trading requires you to add two hours to the current EST time. However, if your server is located in a different time zone, you need to adjust your local time accordingly by adding or subtracting the time difference. Understanding your server’s time zone is crucial to avoid confusion and make informed trading decisions. Therefore, it is essential to check your broker’s website or contact their customer support to know the exact time zone of your server.
