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BEST TIME TO TRADE IN FOREX

BEST TIME TO TRADE IN FOREX

Forex is 24/7 market i.e it remains open 24 hours a day. Holidays in the Forex market are at best partially observed. When one country is celebrating a holiday, generally other countries may not be, as is often the case with national or religious holidays. FX market has the four important time session. These time sessions are US Session, Singapore session, London session and Tokyo session. Forex Trading opens in New Zealand, followed by Australia, Asia (and particularly Japan), the Middle East, Europe (with London being the main financial center) and then America. It means when the traders in London have stopped trading for the day, the traders in New York continue. When the traders in New York stop trading for the day, then the traders in Sydney begin.

It provides a great opportunity for traders to trade at any time of the day or night. But to trade at right time is one of the most crucial points in becoming a successful Forex trader. The best time to enter FX market is when the market is the most active and therefore has the biggest volume of trades. As Forex markets trades 24 hours a day, the best time to enter is when several countries are trading at the same time. At those hours, traders can take full advantage of Fx benefits. Actively traded markets will create a good chance to catch a good trading opportunity and make profits. When market slows down then trader should usually stay away from trades because slow market offer very little chance of profit.

Regional Forex Market Hours:
New York opens at 8:00 am to 5:00 pm EST
Tokyo opens at 7:00 pm to 4:00 am EST
Sydney opens at 5:00 pm to 2:00 am EST
London opens at 3:00 am to 12:00 noon EST
                  
 Hours when two sessions overlap:
New York and London: between 8:00 am — 12:00 noon EST (EDT)
Sydney and Tokyo: between 7:00 pm — 2:00 am EST (EDT)
London and Tokyo: between 3:00 am — 4:00am EST (EDT)

Note:At those overlapping trading hours you'll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market.

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