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: 12:00 PM 15-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.

Forex new york close

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Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
Learn To Trade The Market Pty Ltd is A Corporation Authorized Representative of FXRENEW Pty Ltd (CAR No. 000400713)

Why New York Close Charts Matter to Forex Traders.
There are hundreds of different ways to trade the Forex market. You can trade the daily charts, the 1 minute charts or anything in between. You can use fancy indicators or trade simple price action using key levels of support and resistance.
The list goes on and on, however there is one variable that can benefit you regardless of how you choose to trade the market…
It can mean the difference between seeing a favorable price action setup versus a price structure that has no real significance. It will also make your life much easier when it comes to drawing key support and resistance levels.
By the end of this article you will have a solid understanding of what a “New York close chart” is and why it is so important. I will also share with you a few of the Forex brokers that offer this type of chart.
Let’s get started!
What Is A "New York Close Chart", Anyway?
Believe it or not, most Forex brokers do not offer suitable charts to trade from . If you are serious about making it as a Forex trader, understanding what I’m about to share with you is crucial.
There are two main types of charts, or feeds that are available in the Forex market. The first is a GMT close. This is the most common type of chart and is available at just about every major Forex broker in existence.
The second, less common type of chart is the New York close. As you can tell by the name, these charts use the New York close (5pm EST). Although this is the preferred chart for professional traders, the fact is that not every Forex broker offers it.
This makes it an important question that needs to be asked while performing your research on which broker to go with.
Does It Really Matter?
First things first, if you are trading from the more common GMT close, it does not mean that you can’t succeed as a Forex trader . I am in no way insinuating that you cannot become a successful Forex trader if you trade from charts that close at midnight.
What I am saying is that a New York close will give you a clean chart to trade from, making it easier to identify key levels and valid price action setups.
I know because I spent the first few years trading Forex from charts that use a GMT close. As soon as I switched over to a New York close, I found it much easier to identify the technical patterns that were unfolding.
If you stop and think about it, using a chart that closes at the same time of day that the market opens makes perfect sense …
As you know, the Forex market opens the week at 5pm EST and closes the week at 5pm EST. Therefore it makes sense to have a chart where each session closes at the same time. This gives you five, 24 hour periods to work with.
The alternative (GMT close charts) will give you what are commonly referred to as “Sunday bars”. These are the candles that form during the short period of time each Sunday, and because the market is not very active during this time, you get extremely small candles that clutter your chart.
The comparison below illustrates this point.
Notice how the GMT close chart on the left has Sunday bars, which are the sessions that occur between the 5pm EST open and the GMT close.
In contrast, the New York close chart on the right has five equal trading sessions each week, making it much easier to read the raw price action.
Ask any professional Forex trader and they will tell you that having five equal sessions each week is an essential part of being able to “read” the price action that unfolds.
Of course the final decision is yours, but having traded from GMT close charts for years before making the switch, I can tell you that there is no way I would ever go back.
Final Words.
If you want to become a consistently profitable Forex trader, it’s imperative that you establish a strong foundation. The very first step in building that foundation is to use clean, simple charts. Having five equal sessions to trade from will give you just that.
The easiest way to tell what type of chart you have is to simply watch where each session closes. If it closes at a time other than 5pm EST, you are not using New York close charts and may need to give your broker a call.
Need a broker that offers New York close charts?
Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Daily Price Action, its employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
Copyright 2017 by Daily Price Action, LLC.
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Why Serious Traders Need ‘New York Close’ Forex Charts.
This is an extremely important lesson about why you need to be using New York Close Forex Charts to effectively trade the price action strategies I teach my students. If you’re truly serious about your trading, you should pay close attention to what I am going to discuss here… it will make a huge difference in your trading.
Let me explain why New York Close Forex Charts Are So Important…
In a nutshell, traders need to be aware that the normal Forex charts offered by popular forex brokers out there are NOT suitable for professional price action trading or any form of technical analysis in my opinion. If you’re a serious trader you need to ensure that you have forex charts which open and close in true alignment with the New York trading session close (this is the real forex market daily closing time). These charts also need to have 5 daily bars per week instead of 6. This will ensure you are seeing the correct price data and you will then be able to analyze the exact same price action signals that myself and all of my members see.
I am going to get into much more detail on this subject below, however if you don’t want to read this entire lesson you can just download our preferred New York Close Forex Charting Platform Here.
Most forex brokers simple do not offer the most relevant or effective charts for you to make your trading decisions from. For many beginning traders, the fact that they might be looking at charts that aren’t accurate does not even occur to them. Let me assure you this is something that you NEED to seriously consider before trading live, and you probably won’t read about it on other Forex trading education websites.
Proof That You Need New York Close 5-day Charts.
The daily close of the Forex market takes place at 4:59:59 pm NY time and signals the end of the current Forex trading day and the start of the new one which occurs at 5pm NY time as New Zealand / Australia and Asia trading gets underway. The New York close also reflects the close of the 2nd heaviest Forex trading session which is the New York session.
Closing prices are the most important in any market because they reflect who won the battle between the bulls and bears for that session. Also, as a price action trader focusing on the daily chart, we need to see the price action setup close out on the daily chart before we can correctly identify it as a price action signal, and it’s at the daily chart close that many significant price action setups form.
Due to the fact that daily chart trading strategies are critical for all traders to learn, we all need to see the most accurate and relevant daily chart closing price. Traders who are planning on being members of my trading community need to have the correct NY close 5-day charts since my price action strategies are focused around the daily charts and all my members use the correct NY close charting platform.
Not all MT4 (Metatrader4) Platforms are the same, in fact, most MT4 providers are on GMT time and show 6 daily price bars which is very WRONG and will sometimes show “false signals” and this can lead to very big problems. You WILL NOT be able to follow my trading patterns or ideas if you’re not using the correct charts.
Example of a Non-New York Close 6-day Chart vs. a New York Close 5-day Chart.
Note all the little Sunday bars on the non-New York close chart on the left. These Sunday bars should not be there and they are not relevant; they just take up space and add unnecessary variables to the chart which will confuse you and many times generate false signals. There are only 5 trading days per week in each major currency trading center around the world, but due to the 24hr nature of Forex, some platforms show a “Sunday” bar, this is incorrect and unnecessary…
New York close 5-day charts provide more accurate price action trading signals.
If you want the SAME charts and price action bar/candle formations to show up on your charts that my members and I use, you should use ‘New York Close Charts on Meta Trader‘ with the correct data feed.
Most of my members and myself included would have missed the approximate 200 pip move that resulted from the pin bar reversal setup on the NY close chart on the left had we been looking at a Non-New York close chart like the one on the right…
Only a handful of brokers offer a true ’5 Day Chart’ with the correct open and close shape of the daily price bar. My members and I use a 5-day chart with a New York close MT4 data sever to generate my Price Action Trading Signals. If You are not using New York Close Forex Charts, you won’t see the same trading setups/signals.
Some traders me asking if they can “adjust” the platform time on their trading platform, and the answer is that you cannot adjust it. The time at which your daily bars close out is set by the broker offering the platform and a broker either offers NY close 5-day charts, or they don’t …
So You Need To Find a Good Broker Who Offers the Correct Charts. See Below For Details of Suggested Brokers & Charts.
WHAT BROKER Has The Correct New York Close Charts ? (Who Can you trust to trade with?)
Whilst we can’t make any guarantees, we’ve certainly done our homework and we work with a broker who offers the correct NY close 5-day charts and they are in my experience, reputable and reliable. My recommended broker offers direct access to bank prices and they run a genuine regulated operation. They also have the correct charts on a mobile dealing platform for your iPhone or mobile. They also offer a wide variety of other markets including CFD’s, Commodities and Indices. Click Here To Get a Demo Of Our Preferred Forex Broker Platform.
As always, if you have ANY questions do not hesitate to me via the contact page.
About Nial Fuller.
Download: Professional Forex Trading Platform With New York Close Charts.
14 Comments Leave a Comment.
Thanks a lot sir.
BOSS GREAT JOB. WELL DONE BOSS. THANKS.
great advice for a newbie like me. look forward to learning much more from you Niall.
Thanks Nial for guiding of all us regarding correct chart.
Sir i read your every article every day. I follow your trading setup information and price action study more than 3 year now i am your online student. So thank you very much.
Hi Nial i am so glad i come across your excellent website. I now see trading in a totally different way. And am now signing up to 1 of your recommended broker’s as the one I was with don’t offer the five day charts.
I’m excellent on this article. Thank you.
Thanks Nial really appreciate the information.
Thanks Nial. Very informative article.
Cheers fella, nice article.
Thanks Nial….Just downloaded the appropriate platform and I could see a good pricing difference between my current broker and this new one….You are always spot on….Good work….Thank You.
Excellent thinking, Nial. You are dead on, in my view. Finding accurate charts can be a problem for sure. Please keep up the good work, and Thank You! Del Hagan Oct 30, 2013.
I’m surprised nobody has commented on this excellent article. Thanks Nial!
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Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
Learn To Trade The Market Pty Ltd is A Corporation Authorized Representative of FXRENEW Pty Ltd (CAR No. 000400713)