Trading HoursTrading is possible from Sunday 23:00 to Friday 22:00 GMT
Forex Market Opening TimeIn the forex market, $5.3 trillion is traded daily, making it the largest and most liquid market in the world. Forex Trading and Currency Trading Online 24×5.London SESSION – open between 8:00 am – 5:00 pm GMT;New York SESSION – open between 1:00 pm – 10:00 pm GMT;Sydney SESSION – open between 10:00 pm - 7:00 am GMT;Tokyo SESSION – open between 00:00 pm - 9:00 am GMT;This means traders around the world can TRADE 24 HOURS, 5 DAYS A WEEK.
Trade with the genuine and active markets at all timesThe forex market is open 24 hours a day, and it is important to know which are the most active trading periods in which you can profitably trade your chosen currency pairs.For instance, if we take a less active period between 10 pm – 12 pm GMT, after New York closes and before Tokyo opens, Sydney will be open for trading but with more modest activity than the three major sessions (London, New York, Tokyo). Consequently, less activity means less financial opportunity. If you want to trade currency pairs like EURUSD, GBPUSD or USDCHF you will find more activity between 10 pm – 12 am when both Europe and the United States are active.
Active Market DisciplineFor day traders the most productive hours are between the opening of the London markets at 08:00 GMT and the closing of the US markets at 22:00 GMT. The peak time for trading is when the US and London markets overlap between 13:00 - 17:00 GMT.The main sessions of the day are the London, US and Asian markets. Below is a brief overview of trading sessions that will help you make the most of the market:LONDON SESSION – EUR, GBP, USD are the most active currencies;US SESSION – USD, EUR, GBP, AUD, JPY are the most active major currencies;ASIAN SESSION – goes into the European trading session at about 9:00 am GMT; not very suitable for day trading.
Pay attention when government agencies publish their reportsGovernments are obliged to inform the public about the state of their economies, and they do so in the forms of official reports on Trade Balance, GDP, Inflation or, among many others, Business Confidence.As a forex trader you might want to note down when such reports are announced, because they coincide with active movements of the traded instruments and may influence your own orders in both positive and negative directions.As a trader, you can either include the news-releasing periods in your forex trading hours or decide to deliberately suspend trading during these periods. Analyzing these indexes is never easy. Even though interpreting news released by government agencies is one of the most crucial skills for forex traders, please bear in mind that learning it requires time, patience, motivation and self-control.