Forex Hours – When Can I Trade Forex Effectively?

Forex Hours – When Can I Trade Forex Effectively?

The Forex market is open 24 hours a day and so provides traders with a great opportunity to trade at any time of the day or night. However it is important to carefully select the times of the day that you do trade. The most advantageous time to trade is when the market is at its most active and is seeing the largest volume of trades. Active markets provide traders with opportunities to make profits where as calm and slow moving markets are not the place where potential profits are made.

New York opens at 12:00 to 21:00

Sydney opens at 20:00 to 05:00

Tokyo opens at 23.00 to 08:00

London opens at 07:00 to 16:00

London and New York: between 12:00 — 16:00

Tokyo and London: between 07:00 — 08:00

London and Tokyo: between 23:00 — 05:00

Where two sessions overlap you will find the highest trading volumes and therefore more trading opportunities. For example trading EUR/USD, GBP/USD currency pairs would give good results between 12:00 — 16:00 GMT when two markets for those currencies are active.

London Session – EUR, GBP, USD

US Session – USD, EUR, GBP, AUD, JPY