Forex Market Trading Hours The market never sleeps. The same is true for transactions at ASIAN GATE. If one major forex market closes, another will open. For example, based on Greenwich Mean Time (GMT), forex trading hours move as follows in the world: The New York market is open from 1 pm to 10 pm GMT, the Sydney market starts to move at 10 pm GMT, and the Tokyo market is open from midnight to 9 am GMT. Finally, the London Market opens from 8 am to 5 pm GMT, ending this cycle. Thus, with the participation of central banks from each continent, traders and brokers around the world can trade online 24 hours a day.
More active trading, potential to expand The FX market can trade 24 hours a day, and you can know the most active trading hours. It is important.
For example, if you look at the less active time between 5 pm and 7 pm Eastern Standard Time (EST) after the New York session ends and before the Tokyo session begins, the Sydney session is open. However, it is a more modest move compared to the other three major sessions (London, USA, Tokyo). As a result, less movement also reduces financial opportunities. If you want to trade currency pairs such as EUR / USD, GBP / USD or USD / CHF, you will find that there is more movement between 8am and 12pm when both Europe and the US are in motion. Probably.
Attention and Opportunity Another thing to keep in mind during Forex trading hours is when the government report and official economic news are released. The government will schedule when these news will be announced, but the announcement schedules in each country are not unified.
Therefore, it is worth investigating the economic indicators published in major countries. Because these are in line with the most active movements in Forex trading. Such violent movements represent a great opportunity in currency prices, which can sometimes be executed differently than the price expected by the order.
As a trader, you have two main options. The first is to include the news period in Forex trading hours in order to maximize the profit from larger price fluctuations. And the second option is to suspend trading at these times. Whichever you choose, you need a proactive approach when prices change suddenly at the time of news announcements.
Trading Sessions
The most productive time for day traders is between 8am GMT when the London market opens and 10pm GMT when the US market closes. The peak trading hours are between 1:00 GMT and 4:00 GMT, when the US and London markets overlap. The main sessions of the day are the London, US and Asian markets.
Below is an overview of the trading session to help you get the most out of the market.
London Session – Open from 8am to 4pm GMT; EUR, GBP, USD are the most active currencies
US Session – GMT from 1pm to 4pm Open until 10am; USD, EUR, GBP, AUD, JPY are the most active currencies
Asia Session – Sunday afternoon, open around 10pm GMT, around 9am GMT in Europe Entering a trading session; not very suitable for day trading.