Beginner’s Trading Guide: Server Time
Trading requires knowing server time. Trading platform servers keep standard time. Traders must examine it since it might affect their plans and operations. This article attempts to help trade newbies understand server time and its importance.
What’s Server Time?
Trading platforms set server time. A reference point helps synchronize trade across time zones. Server time does not vary with daylight saving time or time zone changes, unlike local time or your computer or smartphone. Trading systems timestamp deals, show charts, and arrange sessions using server time.
Why Should Traders Care About Server Time?
Trading, particularly day and high-frequency trading, depends on server time. Traders value server time for these reasons:
Trades must be precise and synced among platforms and traders globally. Server time guarantees all transactions are completed and logged accurately, preventing errors.
Financial markets throughout the globe have different starting and closing hours. Server time helps traders plan their trading strategy by showing when markets open and shut.
Scalping and news trading are popular time-sensitive trading tactics. Server time lets traders match methods to market occurrences or periods to maximize profits.
Technical analysis using candlestick charts is popular among traders. Server time-based charts reveal market patterns and price fluctuations.
Trading Platform Server Time: How to Tell?
Trading platforms may show server time differently. Common ways to calculate server time on major trading platforms:
Contact customer support: The quickest approach to find out the server time is to contact your trading platform. The right server time settings will be provided.
Platform settings: Server time is in many trading systems’ settings menus. Find “Time Zone” or “Server Time” in the options and update it.
Third-party apps: Some third-party apps or websites show trading platform server times. If you want a different server time approach, these are useful.
Conclusion
In conclusion, server time is essential for trading accuracy, synchronization, and strategy. Day traders and anyone using time-sensitive methods must be mindful of their trading systems’ server time. Traders may improve their odds by knowing and leveraging server time.
References:
https://www.investopedia.com/terms/s/server-time.asp
https://www.daytrading.com/what-is-server-time
https://www.investoo.com/what-is-time-on-the-trading-platform-used-for/