Forex Market Hours Forex market hours. When to trade and when not to Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at any time of the day or night. However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader. So, when should one consider trading and why The best time to trade is when the market is the most active and therefore has the biggest volume of trades. Actively traded markets will create a good chance to catch a good trading opportunity and make profits. While calm slow markets would literally waste your time efforts mdash turn off your computer and dont even bother Live Forex Market Hours Monitor: Reviewed, improved and updated on August 24, 2012. Feedback welcome Forex trading hours, Forex trading time: New York opens at 8:00 am to 5:00 pm EST (EDT) Tokyo opens at 7:00 pm to 4:00 am EST (EDT) Sydney opens at 5:00 pm to 2:00 am EST (EDT) London opens at 3:00 am to 12:00 noon EST (EDT) And so, there are hours when two sessions overlap: New York and London: between 8:00 am mdash 12:00 noon EST (EDT) Sydney and Tokyo: between 7:00 pm mdash 2:00 am EST (EDT) London and Tokyo: between 3:00 am mdash 4:00am EST (EDT) For example, trading EURUSD, GBPUSD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours youll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market. What about your Forex broker Your broker will offer a trading platform wih a certain time frame (the time frame will depend on the country where broker operates). When focusing on market hours, you should ignore the time frame on your platform (in most cases itll be irrelevant), and instead use the universal clock (ESTEDT) or the Market Hours Monitor to identify trading sessions. If you havent chosen a Forex broker yet, we recommend Forex brokers comparison to aid your search. We have made it easy for everyone to monitor Forex trading hours sessions while being anywhere in the world: Download Free Forex Market Hours Monitor v2.11 (535KB) Last update: October 5, 2006. This is a simple program aligned to Eastern Standard Time. Download Free Forex Market Hours Monitor v2.12 (814KB) Last update: April 20, 2007. Time zone option is added for most of North American and European countries. At XM we offer both Micro and Standard Accounts that can match the needs of novice and experienced traders with flexible trading conditions and leverage up to 888:1. We offer a range of over 60 currency pairs, precious metals, energies and equity indices with the most competitive spreads and with the legendary no re-quotes execution of XM. Risk Warning: Trading on margin products involves a high level of risk. Trading Hours Forex Market Hours As one major forex market closes, another one opens. According to GMT, for instance, forex trading hours move around the world like this: available in New York between 01:00 pm 10:00 pm GMT at 10:00 pm GMT Sydney comes online Tokyo opens at 00:00 am and closes at 9:00 am GMT and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. This enables traders and brokers worldwide, together with the participation of the central banks from all continents, to trade online 24 hours a day. More Activity, More Possibilities The forex market is open 24 hours a day, and it is important to know which are the most active trading periods. For instance, if we take a less active period between 5 pm 7 pm EST, 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, US, 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 8 am 12 am when both Europe and the United States are active. Alertness and Opportunity Other forex trading hours to watch out for are the release times of government reports and official economic news. Governments issue timetables for when exactly these news releases take place, but they do not coordinate releases between the different countries. It is thus worth finding out about the economic indicators published in the different major countries, as these coincide with the most active moments of forex trading. Such increased activity means bigger opportunities in currency prices, and sometimes orders are executed at prices that differ from those you expected. As trader, you have two main options: either include the news periods in your forex trading hours, or decide to deliberately suspend trading during these periods. Whichever alternative you opt for, you should take a pro-active approach when prices suddenly change during a news release. Trading Sessions For 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 1 pm GMT 4 pm 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 open between 8 am GMT 5 pm GMT EUR, GBP, USD are the most active currencies US SESSION open between 1 pm GMT 10 pm GMT USD, EUR, GBP, AUD, JPY are the most active currencies ASIAN SESSION opens at about 10 pm GMT on Sunday afternoon, goes into the European trading session at about 9 am GMT not very suitable for day trading. Phone Trading XM trading hours are between Sunday 22:05 GMT and Friday 21:50 GMT. When our dealing desk is closed, the trading platform does not execute trades and its features are only available for viewing. For any enquiries, technical difficulties, or urgent support, feel free to contact our 24-hour customer support by email or live chat any time. In case you dont have your PC at hand, please make sure to have your account login details with you so that our support team can help you with your orders. For closing positions, setting a take profit or stop loss order on an existing position you will also need to provide us with your ticket number. Then all you will need to do is request for a two-way quote on a particular currency pair and specify the transaction size (e. g. Id like a Dollar Japanese Yen quote for 10 lots.). Please remember if password authorization fails, or you do not wish to undergo this process, we will not be able to carry out your instructions. Legal: XM is a trading name of Trading Point Holdings Ltd, registration number: HE 322690, (12 Richard Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus), which wholly owns Trading Point of Financial Instruments Ltd (Cyprus), registration number: HE 251334, (12 Richard Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus). This website is operated by Trading Point of Financial Instruments Ltd. Trading Point of Financial Instruments Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 12010, and registered with FCA (FSA, UK), under reference no. 538324. Trading Point of Financial Instruments Ltd operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union. Risk Warning: Forex Trading involves significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure. Restricted Regions: Trading Point of Financial Instruments Ltd does not provide services for citizens of certain regions, such as The United States of America. Forex Market Hours The Forex Market Hours Converter assumes local wall clock trading hours of 8:00 AM - 4:00 PM in each Forex market. Holidays not included. Not intended for use as an accurate time source. If you need the precise time, see time. gov. Please send questions, comments, or suggestions to webmastertimezoneconverter. How to use the Forex Market Time Converter 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 doesnt 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. Here are some tips for using the Forex Market Time Converter: Concentrate your trading activity during the trading hours for the three largest Market Centers: London, NewYork, and Tokyo. Most market activity will occur when one of these three markets open. Some of the most active market times will occur when two or more Market Centers are open at the same time. The Forex Market Time Converter will clearly indicate when two or more markets are open by displaying multiple green Open indicators in the Status column.
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