Server Time
What is Server Time in Trading?
Server time refers to the time zone used by your broker’s platform to timestamp prices, charts, orders, and account events. Think of it as the platform’s “clock.” Knowing it helps you read candles correctly, line up trading hours, and understand when swaps or rollovers are applied.
Why Server Time Matters
- Chart candles: Daily and weekly candles open/close based on server time in trading, not your local time.
- Rollover & swap: The daily swap/rollover is posted at the platform’s midnight (server-time), which affects overnight costs on symbols like EURUSD. (Exact minute varies by broker.)
- Order expiry & reports: Pending-order expiries and account statements follow server time.
- Session windows: Exchange trading hours appear shifted to server time, so opens/closes may look earlier or later than you expect.
NASDAQ Trading Hours
- Regular NASDAQ trading hours: 09:30–16:00 New York time (ET).
- Pre-market: 04:00–09:30 ET; After-hours: 16:00–20:00 ET. If your broker’s server time is, for example, GMT+2:
- When the U.S. is on standard time (ET = GMT−5), the NASDAQ open 09:30 ET shows as 16:30 server time.
- When the U.S. is on daylight saving (ET = GMT−4), 09:30 ET shows as 15:30 server time. This is why checking server time in trading prevents confusion around exchange opens.
Server Time Example
For server time in forex charts, the daily candle boundary defines when a “new day” starts. If the platform’s midnight is when swap is applied, holding a EURUSD position across that moment adds or deducts the swap for that day. Aligning your strategy with the platform’s day cut-off helps you manage overnight costs and news timing.
Other Glossary Terms
S
- Spread
A spread is the small difference between an asset’s buy (ask) and sell (bid) prices, showing the cost of opening a trade and how brokers make money.
- Stop Loss
A stop loss is a preset order that automatically closes your trade when the price moves against you, helping limit losses and protect your account through effective risk management.
- Stop Loss Limit
A stop-loss limit is an order that triggers a limit order once a set stop price is reached, letting traders control losses but not guaranteeing execution beyond the limit.
- Support Level
A support level is a price zone on a chart where a downtrend tends to pause or reverse as buying pressure increases, acting like a floor where traders expect prices to bounce.
- Swap
A swap, or rollover, is the credit or fee applied to a CFD position held overnight, reflecting interest-rate differences, financing costs, and broker adjustments.
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