forex market hours differ based on different sessions.

Forex Market Hours: Best Times to Trade Currencies

The forex market is the largest financial market in the world. It trades of about $1.5 trillion each day. Meaning, there are so many people buying and selling currencies all over the world.

But why is that?

That’s because the market is open 24 hours a day from 5 pm EST on Sunday until 4 pm EST on Friday. It’s one of the basic things in forex trading. And learning the forex market hours is important if you want to trade in this area.

Find out what makes The Forex Market Unique with our previous article.

the map of the world of each country's respective currencies

Currencies are in high demand. It’s one of the reasons you should know about in forex trading. And the concept of currency trading is that there are always traders across the world who are making and meeting demands for a certain currency.

The availability of the forex market for 24 hours is one of the greatest advantages of currency trading. It provides countless opportunities for traders to trade at any time of the day or night despite a busy schedule.

However, it still doesn’t mean it’s always active the whole day. You could make money either the market is moving up or down. But you’ll have a difficult time trying to make money when the market doesn’t move at all.

Forex Market Hours

The beauty of the forex market is when one major market closes, another one opens. Let’s take a look at the schedules of each major session.

Approx. April – October

  • Sydney session 6:00 pm – 3:00 am EDT
  • Tokyo session 7:00 pm – 4:00 am EDT
  • London session 3:00 am – 12:00 pm EDT
  • New York session 8:00 am – 5:00 pm EDT

Approx. Oct – April (Daylight savings)

  • Sydney session 4:00 pm – 1:00 am EDT
  • Tokyo session 6:00 pm – 3:00 am EDT
  • London session 3:00 am – 12:00 pm EDT
  • New York session 8:00 am – 5:00 pm EDT

Best Forex Market Hours to Trade

The best time to trade is when the market is the most active. Therefore, it has the largest volumes of trades. Actively traded markets will provide a good chance of trading opportunities and profits. While calm and slow market would only waste your time and money.

Overlapping sessions

  • New York and London – between 8:00 am – 12:00 pm EDT
  • Sydney and Tokyo – between 7:00 pm – 2:00 am EDT
  • London and Tokyo – between 3:00 am – 4:00 am EDT

Overlapping sessions have more volume when two markets are open at the same time. With that, these sessions are the most active and busiest times during the trading day.

If you take less active period between 5 pm – 7 pm EST, after New York closes and before Tokyo opens, Sydney will open for trading.

The Sydney session will have more modest activity than the 3 major sessions. Consequently, less activity means less opportunity.

If you want to trade the most popular currency pairs like EUR/USD, GBP/USD, or USD/CHF, you can find more activity between 8 am – 12 am when both London and New York are active.

the globe with a dark blue background and symbols of the US dollar

Conclusion

Trading during the best forex market hours is not the only way generate opportunities. You should look out for the release times of government reports and economic news.

To learn more about this, you can check out our article What Makes the Forex Market Move?

Knowing when to trade in the forex market hours already gives you the advantage. And pairing your knowledge with various trading strategies will double your benefits. If you truly want to be a successful forex trader, always be one step ahead of the game.

You can earn bigger profits and execute better trades here at Trade12 by reading the latest market updates. Striving to become the best forex broker for you, Trade12 reviews daily events essential to your trading activities to help you improve your overall trading performance. Register an account now and enjoy a wonderful trading experience!

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