When are the best trading hours?

Forex Market Trading Hours

Here’s a quick guide to Forex market trading hours around the world and why they matter.

One of the most fundamental parts of trading is price fluctuations: your profit is derived from speculating on the direction of one currency relative to another. Whether up or down, movement is the key and no movement means no opportunity to profit.

Price movement itself is derived from how volatile the market is and, with different markets around the world being open at different times, liquidity varies greatly over the course of a normal day. Trading is effectively a 24 hour business so there are always opportunities to trade, but it’s when opening times overlap at the biggest trading centres – London, New York and Tokyo – that the markets are at their busiest and volatility at its greatest. At times when major markets are closed there is lower liquidity, prices move less and there are fewer opportunities to make money. This is the fundamental difference between Day Trading and Night Trading.

There will invariably be a range of factors that determine when you choose to trade from the currencies or instruments you want to trade, to the time you can dedicate to trading – for example, some people use a mobile device to stay on top of the market all the time whereas others are only able to access their trading terminal in evenings and weekends.

Always check for upcoming holidays and daylight savings changes in different time zones. These can have a major impact on open trade positions.

Market Opening Times

Below is a list of the opening hours of the main trading centres. Note the times when opening times overlap as these are usually the times that display the greatest liquidity in markets.

Note: Times below are given in GMT+3 and traders should account for differences specific to their  geographic location, daylight savings and public holidays.

 

Market Centre

OPEN

CLOSE

Sydney

21:00

05:00

Tokyo

22:00

07:00

London

08:00

16:00

New York

13:00

21:00

Table of Market Open Times

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