Forex new york open

Forex Market Hours.

Forex trading hours: London, New York, Tokyo, Sydney sessions.

Best trading time in the Forex Market.

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 — turn off your computer and don't even bother!

Live Forex Market Hours Monitor:

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 — 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)

For example, trading EUR/USD, GBP/USD 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 you'll 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 it'll be irrelevant), and instead use the universal clock (EST/EDT) or the Market Hours Monitor to identify trading sessions.

If you haven't 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 v2.12 (814KB) Last update: April 20, 2007. Time zone option is added for most of North American and European countries.

Copyright © Forexmarkethours All Rights Reserved.

Forex trading is a high risk investment. All materials are published for educational purposes only.

Trading Forex at the New York Open.

Now, more than ever in my career as a speculator of the financial markets and an instructor of multiple assets for Online Trading Academy, do I feel that there is one saying which sums up the nature of trading better than any other: “Trading is Simple – but it is not Easy.” Time and time again I have drilled this into my students on an ongoing basis, be it through the medium of the classroom or via the ongoing XLT (Extended Learning Track) online internship we offer our students. During these XLT sessions, we have a mixture of both lesson days, which reinforce that learning from the classroom environment and expand upon it further and the rest of the time is made up of live analyzing and trading the FX markets.

These live trading and analysis sessions are held at various times during the week, so as to cater for the unique nature of the global currency markets and the fact that there are different times across the week which offer an abundance of trading opportunities to the disciplined, rule-based trader. The students of the Forex XLT recently requested that we adopt a new session based around the New York open at 9.30am EST and 2.30pm London time (where I am based). As many Equities traders may already know, the open of the stock market is usually one of the most frantic and volatile times of the trading day, as many traders and institutions place their orders, and build the positions for the day ahead. However, as our graduates know, for a trader with the right education and understanding of the market, the opening bell often creates some very low risk and high potential reward trades for the disciplined speculator, if they know what they are looking for.

So why am I talking about stocks when this is supposed to be an article on FX? Well as a multi-asset trader myself, I know that all of the various asset classes trading around the world at any given time are uniquely linked in some way, shape, or form. The complete trader understands that these relationships can be advantageous if understood correctly and it can be something as small as just the time of day which can increase the odds for success in a trade. This is why we hold an XLT session occasionally for FX at the equity market open. We may be trading currencies, however because this is an important time in the broad market environment it can also in turn create fantastic setups in the world of FX. Let’s go to a session I was holding a few weeks ago on Monday April 23rd. Below is a screenshot of the opening of the XLT session, highlighting the trading splash-screen:

What you can see here is the student splash-screen which I (or any other instructor hosting the session) will put together before the session starts and which shows the best low risk, high reward trades we are seeing before the open. By showing this in advance of the XLT session, it gives the students in the room time to look at the trade for themselves before we go to the live market. In this example, I have taken current price and marked off some key intraday and swing levels on the EURUSD where we would be interested buyers and sellers. I like to ideally use these levels for my entries and targets. I have highlighted on the screenshot above the Demand area to buy between 1.3106 and 1.3096, giving a 10 pip risk and the Supply area to sell between 1.3216 and 1.3226 for a 10 pip risk also. As explained in the plan, we are happy to take either trade but considering the market at the time, it was more likely that the demand area would trigger first. With this in mind the opposing supply area could make for a great final target, with management of the position being carried out throughout the trade. The key is to wait for our entry. Let’s look to the setup at the open:

We are now 15 minutes into the New York session open and as you can see on the chart, out levels from the splash-screen are marked off giving us our supply and demand areas for entry. It is now just a simple game of patience to wait for the trades to trigger. On the left of the screen you can see members of the FX XLT sending their comments and questions to me in real time. The orders have been placed and there is really nothing more to do than to sit on our hands and scan the markets for any other trades which may be setting up.

There are two main reasons why we have placed our trades in advance. The first is because we understand that only the most consistently profitable traders look to be one of the first to buy or sell in the market. This is the low risk and high reward opportunity. The second reason is because there is nothing better than setting the trade up and going off and doing something else. Sitting and watching the market will do absolutely nothing to help the trade in any way at all. It took more than 1 hour and 30 minutes to happen but eventually we got triggered in the long position as we can see below:

Upon entry, the stop was placed automatically for capital preservation and the final target was set at the previously shown supply area (which could also be considered for a short trade when price reaches the area). Notice another small level on the chart? This is one of a number of interim profit taking areas we pointed out because we need to remember that although we have a final target for the trade it may not reach it and it would be pointless to take the trade and not lock in some profit or at least reduce the risk along the way. Now that we have taken the trade, what next? Well the same as before – we wait it out. Some 24 hours later the final profit target was hit as we can see below:

Notice how the supply area we had marked off also produce 1:3 risk to reward as well? Albeit it was not as impressive as the long from the day before which came in at around 1:10 risk to reward but it is still not to be sniffed at. If this style of trading is new to you, then I would very much suggest that you consider it. Remember how I opened this article saying how trading is simple but not easy? What I have shown you in this piece is without question simple. The market was analyzed in advance, the entry, stop and target placed and the rest left to the market. What could be simpler? This is how we do it at Online Trading Academy. So why is it not easy I hear you ask? The obvious answer to that is because traders themselves make it difficult, allowing their feelings and emotions to get in the way. If this simpler approach to the markets appeals to you then you know where to find us. I hope you found this useful.

This information is written exclusively for educational purposes. It does not contain recommendations or calls for the purchase, sale or storage of any financial instruments. Trade and investment are traditionally associated with a high level of risk. The author expresses his personal opinion and is not responsible for any actions of the reader. The author may or may not be involved in the trading of the mentioned financial instruments. Future results can be very different from those described here. Profitability in the past does not mean profitability in the future.

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Forex Market Hours.

Use the Forex Market Time Converter , below, to view the major market open and close times in your own local time zone.

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. 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 8:00 a. m. and 4:00 p. m. in their local time zone, these times are used as the market open and close times, respectively.

Time and date: 04:25 PM 16-December-2017 GMT.

Click on a time zone for Daylight Saving Time (DST) transition dates and times.

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 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.

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, New_York, 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.

30 Min New York Open Forex Strategy.

Take advantage of the New York trading session with the 30 min NY open forex strategy. Use this strategy on the GBP/USD and EUR/USD currency pair.

Preferred time frame(s): 30 min.

Trading sessions: New York Open.

Preferred Currency pairs: EUR/USD, GBP/USD.

GBP/USD 30 Min NY Strategy Example.

Mark off the first NY 30 min candle high/low price (1.6434/1.6414). Buy the GBP/USD 1 pip above the high of this candlestick. The! De_Munyuk dot must be green color (entry price 1.6435). Close the trade for 20 pips at 1.6455.

!De_Munyuk indicator has to be green. Do not buy on red dot! (buying against the down trend) Mark off the high and low price trading range of the first 30 min NY candlestick Buy the pair if the price exceeds the high price by 1 pip.

Place stop loss 18 pips below the entry signal. Exit the trade for 20 pips target.

!De_Munyuk indicator has to be red. Do not sell on green dot! (selling against the up trend) Mark off the high and low price range of the first 30 min NY candlestick Sell the pair if the price exceeds the low price by 1 pip.

Place stop loss 18 pips above the entry signal. Exit the trade for 20 pips target.

Related Posts.

Angle Bands Forex Trading Strategy.

Instantaneous Trend Forex Trading Strategy.

Average Directional Movement Index Rating (ADXR) Forex Strategy.

Advance Decline Line (ADL) Forex Strategy.

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