Forex Market Trading Hours

Forex Market Hours – Market Time

The Forex market, unlike stock market is a market over-the-counter (OTC) or not located in a specific location and is not regulated. OTC markets is the price according to the principle of the encounter between supply and demand.Prices fluctuate all the time then.
The forex market is open 24 hours a day, 6 days a week, the chart below will help us better understand the schedule of sessions in different parts of the world


times forex

 

Although there is no official timetable, the trading week begins Sunday evening at 23 in Europe with the opening of the Asian session, and ends Friday at 22 with the closing of the American session. Here are the times for each session:

Asian session: from 23 to 10 hours Europe
European Session: 9 to 18
American Session from 14 to 23

Forex Calendar: What are the best days of the week and the best times to trade on Forex exchange market?

The choice of when to make trades in the market is a key step to achieve significant results in the Forex market, so what is the best day and time?
The best times are when the market is more active and has the most of trading, then in the hours that overlap multiple sessions

London-New York from 14 to 17
Sydney – Tokyo from 8 to 23
London – Tokyo from 9 to 10 am
(European time)

Forex Trading Session in Sydney / Tokyo
The volume of trading during these two sessions according to a 2004 survey represent 21% of the total daily global. The main financial centers are Wellington (New Zealand), Sydney (Australia), Tokyo (Japan), Hong Kong and Singapore.
This means that the data and reports from these countries will probably be reflected in the market during this session.
Most of the exchanges during This session is focused on couples (see pairs) that include such as the Yen USD / JPY, EUR / JPY

Forex Trading in European Session (London)
The volume of trading in this session is approximately 50% of the daily total.
The European session overlaps (14 to 17) at New York, it follows that in these times the liquidity reaches often its peak.
Attention to the couples exchanged during this section are the EUR / USD (39% of the total volume) GBP / USD (23%), USD / JPY (17%) USD / CHF (6%) and USD / CAD (5%)

Forex trading session in New York
In this session, the trading volume represents approximately 22% of the total, the most active time, with greater liquidity and mailorder that in the European session. Economic Calendaio

Attention
usually 19 hours from Europe the level of market interest drops significantly, this could lead to situations where the market is rather firm and can be difficult to operate.

 

 

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