Forex trading hours:
Due to different time zones throughout the world, the forex market is open 24 hours a day from Sunday to Friday night.
Tokyo sessions:According to UK time, the Tokyo session opens at midnight and closes at 9 am. It is the largest trading center in the world. Here learn more about Forex trading hours by thoroughly reading articles.
UK sessions:The UK, which accounts for almost 35% of forex transactions, opens at 8 am and closes at 4 pm. As the trading volume during this session is large, they are lower forex spreads because liquidity is higher.
New York sessions:According to UK time, New York sessions open at 1 pm and close at 10 pm.
Sydney sessions :As per UK timing, Sydney forex markets hours are 8 pm to 5 am.
Active hours when two sessions overlap:
London and Tokyo in between 3:00 am – 4:00 am
New York and London between 8:am – noon.
Sydney and Tokyo in between 7:00 pm — 2:00 am
The best time for to trade forex
When the market is active and has the largest trading volume, it is at its peak. These hours can lead you to great benefits and new chances. The best hours are also when different sessions overlap.
London and New York sessions are the best time during this overlap. Volatility is higher. In the middle of the week, it is also the busiest market. With different timing sessions, currency pair also plays a major role in trading. It is seen that during Asian sessions trading on JPY is more suitable.
Best currency pairs to choose
As with timings, currency pairs are also important. Volatility will be higher when the liquidity of the currency pair is high. Some currency pairs have been found which has the greatest high volatility naturally. But some factors also contribute to increasing its volatility.
Most volatile pairs:
NZD / JPY
AUD / USD
GBP / AUD
AUD / JPY
Frequently asked questions (FAQ)
Q. Does the forex market open for 24 hours?
To provide greater opportunities for the trader’s forex market is open for 24 hours to trade at any time of the day.
Q. Which is the best time for forex trade?
The best time for forex trade is when the market is active and has the largest trading volume. At this time, trading is at its peak. Many traders trade during this period.
Q. Do currency pairs play a role in forex trading?
Yes, when it comes to currency pairs, they play a role in forex trading. If you want to achieve high volatility, the liquidity of currency pairs must be high.
Forex trading provides an opportunity for traders to gain profit by opening the market 24 hours a day. There are specific times when you can trade to gain more chances and profit. Active markets and overlapping hours are the best chances to avail more.
While, In comparison, calm markets will only waste your precious time and your efforts. With this, currency pairs also play a major role in your trade. So, choose the right time for trading.