Market Trading Hours
The Forex market is open 24 hours a day, and it is important to know which is the most active trading periods in which you can trade your chosen currency pairs profitably.
Trading hours Schedule
The time zone is GMT (Greenwich Mean Time)
|Region||City||Open (GMT)||Close (GMT)|
|Asia||Tokyo||12:00 am||09:00 am|
|Hong Kong||01:00 am||10:00 am|
|Europe||Frankfurt||07:00 am||04:00 pm|
|London||08:00 am||05:00 pm|
|America||New York||01:00 pm||10:00 pm|
|Chicago||02:00 pm||11:00 pm|
|Pacific||Wellington||10:00 pm||06:00 am|
|Sydney||10:00 pm||07:00 am|
Below is a brief of trading sessions that will help you make the most of the market.
During this forex trading hours the most active deals in the market exchange operations are the US dollar against the yen (USDJPY), the euro against the yen (EURJPY), the US dollar against the euro (EURUSD) and the Australian dollar against the US dollar (AUDUSD).
At this time the trades are conducted in the European financial centers. The volatility of the most popular currency pairs increases significantly after the London forex online market starts its session. Changes of rates during the European trading hours could be significant, because the majority of monetary stock is concentrated in Europe. EUR, GBP, USD are the most active.
Forex trading activity reaches its maximum level when the New York session opens and US banks begin to work, and European dealers return after their lunch break. The influence of European and American banks is similar, so no significant changes take place in Forex compared to the start of the European session. However, after the termination of the European market volatility may be higher. Often this is observed on Friday, before the weekend. The American session is more aggressive in trade than others and USD, EUR, GBP, AUD, JPY are the most active.