MARKET TRADING HOURS
Market Hours: The Key to Profitable Forex Trading
The forex market is open 24 hours a day, but not all hours are created equal. There are certain times when the market is more active than others, and these are the times when you are most likely to find profitable trading opportunities.
The three major trading sessions are London, New York, and Tokyo. These sessions overlap, so there is always some level of activity in the market. However, the most active times are when two or more sessions overlap.
For example, the London and New York sessions overlap from 7:00 AM to 1:00 PM EST. This is the most active time of the day, and it is when you are most likely to find good trading opportunities.
If you want to trade currency pairs like EUR/USD, GBP/USD, or USD/CHF, you will find more activity when both Europe and the United States are active. This is because these pairs are most heavily traded during these times.
Of course, other factors can affect market activity, such as news releases and economic data. However, the trading sessions are a good starting point for understanding when the market is most active.
TRADING HOURS SCHEDULE
REGION
CITY
OPEN (GMT)
CLOSE (GMT)
Asia
Tokyo
Hong Kong
Hong Kong
12:00 am
01:00 am
01:00 am
09:00 am
10:00 am
10:00 am
EUROPE
Frankfurt
London
London
07:00 am
08:00 am
08:00 am
04:00 pm
05:00 pm
05:00 pm
AMERICA
New York
Chicago
Chicago
01:00 pm
02:00 pm
02:00 pm
CLOSE (GMT)
10:00 pm
11:00 pm
11:00 pm
PACIFIC
Wellington
Sydney
Sydney
10:00 pm
10:00 pm
10:00 pm
CLOSE (GMT)
06:00 am
07:00 am
07:00 am
TRADING SESSIONS
Below is a brief of trading sessions that will help you make the most of the market.
Asian Session: This session is active from 2:00 AM to 10:00 AM EST. During this session, the most active currency pairs are USD/JPY, EUR/JPY, and AUD/USD.
European Session: This session is active from 7:00 AM to 3:00 PM EST. The most active currency pairs during this session are EUR/USD, GBP/USD, and USD/CHF.
US Session: This session is active from 12:00 PM to 9:00 PM EST. During this session, the most active currency pairs are USD/JPY, EUR/USD, and GBP/USD.
Understanding the different trading sessions can increase your chances of finding profitable trading opportunities. So, do your research, use a reputable broker, and be patient, and you’ll be well on your way to successful forex trading.
Here are some tips for trading during market hours:
- Do your research: Before you start trading, it is important to do your research and understand the market hours for the currency pairs you want to trade. This will help you to identify the most active times and avoid trading during less busy times.
- Use a reputable broker: When you are trading during market hours, it is important to use a reputable broker. This will ensure that your trades are executed quickly and accurately.
- Be patient: Market hours can be volatile, so it is important to be patient and wait for good trading opportunities. Don’t try to force trades, as this could lead to losses.
Asian Session
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).
European Session
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.
US Session
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.
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