Understand the concept of Forex trading hours
Traders trade every time on behalf of their company time startup. Meanwhile forex market is functional every time 24 hours a day during the week and on weekends the market stays closed. Another thing is forex trading is everywhere around the world. For best results, it is important at what time trade in the forex market is beneficial for their business. To deeply understand the concept, it is important to note the best time to trade in Forex in the World and how to make proper plans for good and bright results.
According to the research, it predicts that Forex trading hours significantly consist of four trading sessions. Following are the trading sessions include:
- Sydney
- Tokyo
- London
- New York
According to the survey, 75 percent of FX’s daily volume of forex trading work is recorded which is a huge trading market in the Globe. The time of market starts in Sydney at 10 PM UTC on Sunday and it runs functionally till the end of sessions in New York at 10 PM before the weekend.
Now, I would like to mention the opening times of the Forex market session.
Opening times of Forex Market
The main thing before focusing on time is your region of work. Because every Region has different time sessions and results. First, understand the four forex trading sessions and your interest in any of the sessions. According to the survey, the traders can’t cover all the region times at a time so the best thing is to release energy on particular region sessions and its period for best results. Here I would love to mention the opening times of the forex market below:
Forex sessions Region | Open/Close | Local time Startup | Eastern Standard Time (EST) Overview | Coordinated Universal Time (UTC) Overview |
Then Tokyo Market | Open | 9:00 AM | 7:00 PM | 12:00 AM |
Close | 6:00PM | 4:00AM | 9:00 AM | |
Start from Sydney Market | Open | 7:00 AM | 5:00 PM | 10:00 PM |
Close | 4:00 PM | 2:00 AM | 7:00 AM | |
After Tokyo London Market | Open | 8:00 AM | 3:00 AM | 8:00 AM |
Close | 4:00 PM | 12:00 AM | 4:00 PM | |
New York Market | Open | 8:00 AM | 8:00 AM | 1:00 PM |
Close | 5:00 PM | 5:00 PM | 10:00 PM |
Overview of best time to trade in the Forex Market
Another important point is to stay alert because forex time varies on behalf of the Yearly time. At that time most countries focused on their shift and their savings in the daytime may affect the market scenario and most commonly expected time in March, April, October, and November time Era. So, everyone must take special care at that time. Now here is the overview of the best time to trade in the forex market for superb results.
According to the survey, it predicts that when the market is active at a peak level then it is the best time to trade forex. At that time, it might be a chance for traders to get results according to their desires. When there is an overlap of time between the sessions the time market of forex is active. This is a time when the currency value of buying and selling forex increases for traders and it is considered useful time to trade in the market. Here is the overview of Exchangers at particular overlapping time zones. Overview of Overlap Windows for Exchanges:
Here is the summary includes:
From 1:00 PM to 4:00 PM (GMT)
It is the time when the market of London and New York Exchanges open.
From 12:00 AM To 7:00 AM (GMT)
It is the time when market of Sydney and Tokyo Exchanges open.
From 8:00 AM To 9:00 AM (GMT)
It is a time when market of London and Tokyo Exchanges open.
On the behalf of discussion, it concludes that the windows of Exchange between London and New York are considered the most important and useful. These cover the maximum centers and time of forex traders around the Globe.
During the overview and closer look at the average movement of pip of major currency pairs during the visualization of forex trading sessions. It observed that the London Session considered movement more as compared to another session.
Currency Pair | Overview of Tokyo | Overview of London | Overview of New York |
EUR/USD Pair | 76 | 114 | 92 |
GBP/USD Pair | 92 | 127 | 99 |
USD/JPY Pair | 51 | 66 | 59 |
AUD/USD Pair | 77 | 83 | 81 |
NZD/USD Pair | 62 | 72 | 70 |
USD/CAD Pair | 57 | 96 | 96 |
USD/CHF Pair | 67 | 102 | 83 |
EUR/JPY Pair | 102 | 129 | 107 |
GBP/JPY Pair | 118 | 151 | 132 |
AUD/JPY Pair | 98 | 107 | 103 |
EUR/GBP Pair | 78 | 61 | 47 |
EUR/CHF Pair | 79 | 109 | 84 |
Conclusion
With a closer look at overall regions, it concludes that the best and most valuable time for the traders will depend on their choice of currency and time zone so based on this they must trade in forex if they would love to get the best results. The important thing is when the sessions of the pair overlap then at that time observed maximum liquidity for each forex pair will occur. Another interesting thing observed is when two trending London and New York sessions are open at the same time then it is the best and most reliable chance for the traders to get the highest volume of results through trading. Moreover, Traders must focus on one of the main things all work must be done under the proper compliance system for any future issues.
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