The euro is therefore traded in smaller volumes. So there is a direct connection between the currencies traded and the current session or the countries that are trading at that time. Thus, each trading session differs in terms of activity on specific currency pairs, market volume and volatility. Forex Trading Sessions Strictly speaking, there are no sessions on weekends. Trading begins with the opening of the Sydney session at the beginning of the week and ends with the closing of the New York session at the end of the week.

However, it depends on where you are in the world exactly what time that is. If you are trading from Japan, the trading week starts on Monday morning Japan time. But if you're in the UK, then it's still Sunday evening for you. The table below shows the trading session times worldwide in GMT. In the table you can see that the Asian Sydney session starts at GMT, the same time as the New York session ends.

We have chosen GMT as the default time reference for the trading sessions. So you can relate to it no matter what time zone you happen to be in. Of course, depending on the time zone, you have to take into account the corresponding time difference. Peculiarities of each trading session Here are the different characteristics of each trading session.

The Asian session The Asian session begins at GMT with the opening of trading in Sydney. Price gaps are the areas on a price chart that represents a missing price data in a chart. While a lot of brokers also show price gaps in line charts, it is best illustrated in a bar or candlestick chart. When a currency pair sharply goes up or down with no transaction in between, it is represented in a price gap.

While most brokers suspend trading during the weekend, the fact is that economic news and geopolitical events still occur on Saturdays and Sundays. As a result, the valuation of different currency pairs can change after the brokers suspend trading on Friday.

When the market re-opens on Monday morning, at a. in Sydney time, you will often see that there is a huge gap between the closing price of Friday and the opening price on Monday. For example, let's say a hostile country like Iran might have announced to test a nuclear weapon after the market closed on Friday. As a result, the value of the U. Dollar may drop during the weekend. Trading price gaps on Mondays can be very profitable as most often gaps are filled before the actual trend takes place, be it the continuation of the trend in the direction of the price gap or a complete reversal.

While the uptrend continued throughout Monday, a bearish retracement started on Tuesday, July 2, , and the gap was filled before the uptrend resumed. Hence, often major trends start and end during the London Forex market hours. If you are a Forex trader who applies breakout trading strategies, it makes perfect sense to look for breakout trades at the opening hours of the London market open.

To do so, of course, you need to trade in smaller time frames like the 5-minute or the minute charts. In terms of the actual trading strategy, trading during the London market opening hour is no different than trading any other time of the day.

However, given the significant increase in trading volume at this time, it makes breakout trading much more lucrative. But, as soon as the market opened at a. If you are a breakout trader, and only have an hour to trade per day, looking for trading opportunities during the London market opening hours can often provide you with ample trades that you may not find at any other time of the day. As we discussed earlier, when the market in New York opens, the London trading session has already progressed halfway for the day.

As a result, the trading volume in the Forex market typically reaches the highest during the day at the opening hours of the New York trading session. To illustrate the situation at the opening of the New York trading session, take a look at figure 5 to see how the trading volume spiked up the moment market opened. Most short-term intraday traders decide to trade during the second half of the London session. Because during this time, two of the largest financial centers are operational, which increases liquidity in the market.

High market liquidity is a pre-requisite of low spreads and short-term traders who only bag pips at a time need low spreads to reduce their cost of business.

If you are an intraday trader, trading during this particular time of the day will certainly be going to increase your odds of success regardless of which technical trading strategy you are pursuing. In the traditional investment environment, volatility is seen as an adverse condition that is associated with risks. In fact, academic finance loathes volatility and try to develop investment strategies that reduce its effect on a portfolio.

However, speculative trading, such as trading in the Forex market, requires a decent level of volatility to generate profits. After all, without ample volatility, when the market remains too calm, no profitable trades can be executed. Hence, knowing which time of the day the Forex market remains most active is an integral part of becoming a successful trader.

The best time to trade the global foreign exchange market is when other traders are active in the market and trading volume remains healthy enough for spreads to remain tight. When banks, stock markets, and commodity exchanges in major financial centers are operational, it creates the underlying liquidity in the Forex market that is necessary for volatility.

You can be a price action trader, or your strategy might rely on a combination of technical indicators to generate trading signals. Regardless of how you trade, knowing when to trade can make or break your strategy. Contact Us Copyright © forexchurch. com All rights reserved. Before using this website, you must agree to the Privacy Policy and Terms and Conditions.

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Every session can be characterized by the most traded currency, the volatility level, and the degree of impact of fundamental factors. The work on the currency market starts with the opening of the Pacific trading session, the calmest one. No sharp fluctuations are usually seen here. As a rule, prices barely move, the market stands still, and the currency quotes trade sideways during the Pacific session.

Professional traders tend to avoid opening deals in this period, but they continue monitoring the market movements, watching for a break of some key psychological or historical levels, the formation of a new trend, or price reversals. For newbies, it is the most suitable period for learning and making their first deals as the risk is minimal. Besides, some automated trading systems that are adjusted for flat trading can prove to be efficient during the Pacific session.

However, there can be some periods of heightened volatility when the US Federal Reserve System announces the results of its regular policy meeting.

The immediate reaction to these announcements can be rather sharp so that it can have a significant impact on the price dynamics. It is so because the Australian and New Zealand dollars are the national currencies of the Pacific region states.

At the opening of the Asian trading session, the market comes to life, and currency quotes start moving faster. The intense activity is usually seen in the early hours of the session when key macroeconomic reports are published.

At this time, Japan, Australia, and New Zealand often deliver their statistics. Statistically, when the pair demonstrates sharp fluctuations in the American session, it usually consolidates in the Asian session.

The liquidity is usually low during the Asian session. Most currency pairs trade in narrow ranges preparing for stronger movements in the subsequent trading hours. The Asian stock exchanges often set the trend for the rest of a trading day. The market is moderately volatile so that any trading style can be applied here. Given the unhurried pace of the price movements, traders act similar to hunters.

They have to wait long and patiently for their prey, but a fine shot can bring decent profits. The European trading session is the most lively and eventful one. The trade volumes here are large, so the trading activity is heightened. Mostly, sustainable trends on the market are formed during the European session. Traders need to bear in mind this fact. Besides, false signals are frequent in this period, as the European dealers test the market, try to find the congestion of stop orders, and spot support and resistance levels.

Use the Forex Market Time Converter , below, to view the major market open and close times in your own local time zone. The foreign exchange "forex" or "FX" currency market is not traded on a regulated exchange like stocks and commodities. Rather, the market consists of a network of financial institutions and retail trading brokers which each have their own individual hours of operation. Since most participants trade between the hours of a. and p.

in their local time zone, these times are used as the market open and close times, respectively. Forex Market Time Converter. Time and date: PM November GMT. Refresh page every minutes set refresh to 0 to turn off refresh. The Forex Market Hours Converter assumes local "wall clock" trading hours of AM - PM in each Forex market.

Holidays not included. Not intended for use as an accurate time source. Please send questions, comments, or suggestions to webmaster timezoneconverter. The forex market is available for trading 24 hours a day, five and one-half days per week. The Forex Market Time Converter displays "Open" or "Closed" in the Status column to indicate the current state of each global Market Center. However, just because you can trade the market any time of the day or night doesn't necessarily mean that you should.

Most successful day traders understand that more trades are successful if conducted when market activity is high and that it is best to avoid times when trading is light. Event Planner. Zones by Country. World Time. Time Zone Converter. Forex Market Hours. What's My Time Zone? Forex Market Hours sponsored ads:. About The Forex Time Zone Converter The foreign exchange "forex" or "FX" currency market is not traded on a regulated exchange like stocks and commodities. Click on a time zone for Daylight Saving Time DST transition dates and times.

Home Time Zone Converter World Time Zones By Country Reference Card Link to Us Copyright © timezoneconverter. All rights reserved. Time and date: PM November GMT Click on a time zone for Daylight Saving Time DST transition dates and times. Forex Market Center Time Zone Opens GMT Closes GMT Status Frankfurt Germany.

It is the most aggressive, unpredictable, and potentially profitable trading session. There isn't necessarily a "best" time to trade forex. As a result, the trading volume in the Forex market typically reaches the highest during the day at the opening hours of the New York trading session. For example, a small branch of the Bank of America in Louisville, Kentucky. How to buy Altron shares on the JSE.

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