Forex Market Hours
The Forex market hours open up plenty of opportunities to trade as it remain open round the clock. In order to trade successfully, right time to trade is very important. Even though Forex market hours open around the clock, traders should know when they need to trade.
Forex trading is a global market where opening and closing time in different countries is different. Owing to this, Forex market becomes 24 hours trading market.
The major Forex market hours include the Tokyo session, the New York session, the London session and the Singapore session. It is important to be familiar with time zone in order to find out Forex market hours.
New York trades from 8 am to 5 pm EST, Tokyo trades from 7 pm to 4 am EST, London traded from 3 am to 12 noon EST and Sydney trades 10 pm to 7 am. Thus, by combining opening and closing time of these major sessions Forex market opens round the clock.
It is obvious that the opening and closing time of different countries are different. When one trading session of one country is open, another country’s trading session begin simultaneously and this is called overlapping Forex market hours.
Even though, Forex market opens all day, the best opportunities occur during times of high trading volume. It occurs when numerous countries are trading simultaneously. During overlapping Forex market hours, order sizes increase and consequently volatility increases.
These are the profit earning hours and so these are the best Forex market hours to gain profit. The major overlapping is between North America and Europe and Europe and Asia.
One of the best times to trade is during the overlap of London and US sessions. During these sessions of Forex market hours, the market is very active with liquidity and volatility. Significant price movements occur during this session. There are certain periods of Forex market hours that have unpredictable prices. So, major traders stop making any transactions during this period.
In addition to Forex trading hours, currency pairs also play significant role. One should know which currency pairs to trade. Major currency pairs are the best as they have smallest spreads and highest liquidity. Ensure to know best Forex market hours and best Forex pairs to get maximum profit.