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: 12:56 PM 19-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 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.
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Forex trading is a high risk investment. All materials are published for educational purposes only.
The Forex Three-Session System.
One of the greatest features of the foreign exchange market is that it is open 24 hours a day. This allows investors from around the world to trade during normal business hours, after work or even in the middle of the night. However, not all times are created equal. Although there is always a market for this most liquid of asset classes, there are times when price action is consistently volatile and periods when it is muted. What's more, different currency pairs exhibit varying activity over certain times of the trading day due to the general demographic of those market participants who are online at the time. In this article, we will cover the major trading sessions, explore what kind of market activity can be expected over the different periods, and show how this knowledge can be adapted into a trading plan.
[The foreign exchange market presents a great opportunity for day traders given its 24 hour per day operation. Investopedia's Become a Day Trader Course will show you strategies that can be applied to any security and any market - including currencies. With over five hours of on-demand video, exercises, and interactive content, you'll learn how to capitalize on trade ideas and manage risk to maximize your gains.]
Breaking a 24-Hour Market into Manageable Trading Sessions.
While a 24-hour market offers a considerable advantage for many institutional and individual traders, because it guarantees liquidity and the opportunity to trade at any conceivable time, it also has its drawbacks. Although currencies can be traded anytime, a trader can only monitor a position for so long. This means that there will be times of missed opportunities, or worse – when a jump in volatility will lead the spot to move against an established position when the trader isn't around. To minimize this risk, a trader needs to be aware of when the market is typically volatile and decide what times are best for his or her strategy and trading style.
Traditionally, the market is separated into three sessions during which activity peaks: the Asian, European and North American sessions. More casually, these three periods are also referred to as the Tokyo, London and New York sessions. These names are used interchangeably, as the three cities represent the major financial centers for each of the regions. The markets are most active when these three powerhouses are conducting business as most banks and corporations make their day-to-day transactions and there is a greater concentration of speculators online. Now let's take a closer look at each of these sessions.
Asian Session (Tokyo)
When liquidity is restored to the forex (or FX) market after the weekend passes, the Asian markets are naturally the first to see action. Unofficially, activity from this part of the world is represented by the Tokyo capital markets, which are live from midnight to 6 a. m. Greenwich Mean Time. However, there are many other countries with considerable pull that are present during this period including China, Australia, New Zealand and Russia, among others. Considering how scattered these markets are, it makes sense that the beginning and end of the Asian session are stretched beyond the standard Tokyo hours. Allowing for these different markets' activity, Asian hours are often considered to run between 11 p. m. and 8 a. m. GMT.
European Session (London)
Later in the trading day, just before the Asian trading hours come to a close, the European session takes over in keeping the currency market active. This FX time zone is very dense and includes a number of major financial markets that could stand in as the symbolic capital.
However, London ultimately takes the honors in defining the parameters for the European session. Official business hours in London run between 7:30 a. m. and 3:30 p. m. GMT. Once again, this trading period is expanded due to other capital markets' presence (including Germany and France) before the official open in the U. K.; while the end of the session is pushed back as volatility holds until after the close. Therefore, European hours are typically seen as running from 7 a. m. to 4 p. m. GMT.
North American Session (New York)
By the time the North American session comes online, the Asian markets have already been closed for a number of hours, but the day is only halfway through for European traders. The Western session is dominated by activity in the U. S., with a few contributions from Canada, Mexico and a number of countries in South America. As such, it comes as little surprise that activity in New York City marks the high in volatility and participation for the session.
Taking into account the early activity in financial futures, commodity trading and the concentration of economic releases, the North American hours unofficially begin at noon GMT. With a considerable gap between the close of the U. S. markets and open of the Asian trading, a lull in liquidity sets the close of New York exchange trading at 8 p. m. GMT as the North American session closes.
While price action is subsequently more muted during the market's other high points, the Asian/European session overlap, creating more volatility.
If the pair is a cross made of currencies that are most actively traded during Asian and European hours (like EUR/JPY and GBP/JPY), there will be a greater response to the Asian/European session overlaps and a less dramatic increase in price action during the European/U. S. sessions' concurrence. Of course, the presence of scheduled event risk for each currency will still have a substantial influence on activity, regardless of the pair or its components' respective sessions.
For long-term or fundamental traders, trying to establish a position during a pair's most active hours could lead to a poor entry price, a missed entry or a trade that counters the strategy's rules. On the other hand, for short-term traders who do not hold a position overnight, volatility is vital.
The Bottom Line.
When trading currencies, a market participant must first determine whether high or low volatility will work best with their personality and trading style. If more substantial price action is desired, trading the session overlaps or typical economic release times may be the preferable option. The next step would be to decide what times are best to trade given the bias for volatility. Following with a desire for high volatility, a trader will then need to determine what time frames are most active for the pair he or she is looking to trade.
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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 EUR/USD, GBP/USD or USD/CHF 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.
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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 or live chat any time. In case you don’t 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. “I’d 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.
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