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When does the new candle post on daily time frame forex?

The foreign exchange market, or forex, is a decentralized market where currencies are traded 24 hours a day, 5 days a week. This means that there is always an opportunity to make a trade. The forex market is divided into different time frames, including the daily time frame. The candlestick chart is one of the most popular charts used in forex trading, and it’s important to know when the new candle post on the daily time frame.

First, it’s important to understand what a candlestick chart is. A candlestick chart is a type of financial chart that displays the price movement of an asset over a specific period of time. The chart is made up of individual candles that represent a specific time frame. Each candle has four points: the open, close, high, and low. The body of the candle represents the open and close prices, while the wicks or shadows represent the high and low prices.

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On the daily time frame, each candle represents one day of trading activity. The candle opens at the beginning of the day and closes at the end of the day. This means that the new candle is posted at the end of each trading day, which varies depending on the time zone you are in.

For example, if you are in the Eastern Standard Time (EST) time zone, the new candle on the daily chart will be posted at 5:00 pm EST. This is because the forex market starts on Sunday at 5:00 pm EST and ends on Friday at 5:00 pm EST. Therefore, each trading day ends at 5:00 pm EST, and a new candle is posted on the daily chart at that time.

If you are in a different time zone, the time at which the new candle is posted will be different. For example, if you are in the Central European Time (CET) time zone, the new candle on the daily chart will be posted at 11:00 pm CET. This is because the forex market starts on Sunday at 11:00 pm CET and ends on Friday at 11:00 pm CET.

It’s important to keep in mind that the forex market is open 24 hours a day, 5 days a week. This means that there are different trading sessions that overlap, which can affect the price movement of currencies. The trading sessions include the Asian session, the European session, and the North American session.

The Asian session starts on Sunday at 5:00 pm EST and ends on Monday at 2:00 am EST. The European session starts on Monday at 2:00 am EST and ends on Friday at 11:00 am EST. The North American session starts on Monday at 8:00 am EST and ends on Friday at 5:00 pm EST.

During these trading sessions, there may be different levels of volatility and liquidity, which can affect the price movement of currencies. For example, the Asian session is known for being the least volatile and liquid session, while the European session is known for being the most volatile and liquid session.

In conclusion, the new candle on the daily time frame forex is posted at the end of each trading day, which varies depending on the time zone you are in. It’s important to keep in mind the different trading sessions and their levels of volatility and liquidity, as these can affect the price movement of currencies. By understanding when the new candle is posted and how the different trading sessions work, traders can make more informed trading decisions.

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