The NAS100, also known as the NASDAQ-100, is a stock market index that is comprised of 100 of the largest non-financial companies listed on the NASDAQ stock exchange. The NAS100 is used as a benchmark for the technology and growth sectors and is widely followed by traders and investors around the world.
When it comes to forex trading, the NAS100 is traded as a CFD or contract for difference. This means that traders do not actually own the underlying asset, but rather speculate on the price movements of the index. The NAS100 CFD is traded on various forex platforms and is available for trading 24 hours a day, 5 days a week.
However, it is important to note that the NAS100 CFD has specific trading hours that coincide with the trading hours of the NASDAQ stock exchange. The NASDAQ stock exchange operates from 9:30 am to 4:00 pm Eastern Standard Time (EST), Monday to Friday. This means that the NAS100 CFD is only available for trading during these hours.
As a forex trader, it is important to understand the trading hours of the NAS100 CFD and other assets that you may be trading. This allows you to plan your trades accordingly and avoid any unexpected market movements that may occur outside of trading hours.
In addition, it is also important to keep in mind the different time zones around the world. For example, if you are located in Europe, the NASDAQ stock exchange trading hours may be outside of your normal trading hours. This means that you may need to adjust your trading schedule or use tools such as stop-loss orders to manage your trades while you are away from your computer.
Overall, the NAS100 CFD is a popular asset for forex traders who are looking to trade the technology and growth sectors. Understanding its trading hours and how they relate to your own trading schedule is essential for successful trading. By staying informed and using the right tools, traders can take advantage of the opportunities presented by the NAS100 and other assets in the forex market.
