Forex Market Hours | Forex Trading Hours | Forex Open Hours
Forex Trading Hours
Forex market is great because it effectively opens 24hours a day & 5 days a week.That’s the reason there is the wide range of currencies from different countries trade in the forex market hours.
Each region has its own official hours that is why it is necessary to understand how the market works.
Due to the importance of currencies on the international stage, there needs to be round-the-clock trading at all times.
Forex Market Hours
The opening and closing time of different exchanges keep the market open all over the globe. However, we will discuss three main major foreign exchange sessions to help you understand.
- European Session ( London )
- American Session ( New York )
- Asian Session ( Tokyo )
Each trading session overlaps the previous session, that is why the forex market remains open 24 hours a day.
1 . The London Session
The London session or European session starts around 8:00 GMT and winds down around 16:00 GMT.
During the London session, the most tradable and active trading currencies are EUR, GBP & USD.
2. The US Session
The US Session or New York Session starts around 13:00 GMT & Winds down around 22:00 GMT.
During the Amercian Session, the most tradable and active trading currencies are AUD, EUR, GBP, JPY, USD.
3.The Asian Session
The Asian Session starts around 22:00 GMT & winds down around 9:00 GMT.
The Asian Session is a reasonable quite session most of the days.All currency pairs during Asian session moves very slow, that’s why it is not considered a good session for day trades.JPY is the main tradable currency in Asian session but most of the time moves very slow unless a major Fundamental Event happens.
The Most Busiest Hours In Forex Market
The busiest hours in the forex market are during the overlap of London & US Session around 13:00 GMT to 16:00 GMT. These are peak hours when the most traders are in the market-making trades.If you are a day trader and want maximum move, these hours are for you to make handsome moves.
The Best Hour For Trading The Forex Market
The currency really moves pretty much during the overlap of London and US session.The market usually full of active traders and move really well in these hours.Even the largest Fundamental News Or Events comes out during London & US sessions.
If you want to score quick profit then overlap session times are best for you because the trading during these times could be your best chance to get in while the market is making decisive moves.