Time Zones, Day Light Savings, and Major Markets

Hi All,

I'm new to trading, and I do not understand how the Time Zones work when you take into consideration Day Light Savings. I've been studying Forex programs and have been advised to trade during the Major Global Markets as follows in EST.

Europe Market opens at 2:00am EST
Asian Market opens at 8:00pm EST
US Market opens at 8:00am EST

I understand the North American Market time will stay at 8:00am EST all year round. Will the Europe and Asian Markets still open at the same EST time or does that need to be adjusted when Day Light Savings occurrs? I've read that Europe and Asia use GMT time which doesn't have Day Light Savings so I'm confused. If someone could clarify this, I'd be MOST appreciative =0) Thanks for reading.

Best regards - Greg.

London opens @ 08:00 GMT NY opens 5 hrs later as EST is -5 GMT ( 13:00 GMT)
In summer both UK & NY switch to DST so then, London opens @ 08:00 BST (07:00GMT) and NY still opens 5hrs later @ 08:00 EDST (12:00 GMT)

Grab this clock from www.qlock.com to help you

Thanks for the help =0)

So just to confirm, Tokyo does not have Day Light Saving and will always start at 00:00 GMT?

Best regards,
Greg

The fact that DST is so confusing is because countries that apply it actually do it on different dates, so the time difference is messed up for some while before every one is back into synchronism.

Just get the exact dates which the US, the UK and other major countries apply the DST time at and you won't be confused at all.

Thanks,

Nader