When Is The Best Time To Trade Forex? Forex Trading Times

Author: Huey Davis

One of the questions many inexperienced forex traders ask about is about forex trading times: When Is The Best Time To Trade Forex? Unlike other markets, like the stock market, the forex market trades around the clock. The forex market opens for trading Sunday night (5 PM EST) and closes for businessagain on Friday afternoon (4 PM EST). First the Asian market begins, then the European, then the US, then the Asian and so on,
This gives you total freedom to trade aroun the clock.

Not all times are evenly profitable for forex trading.

So the question you are going to ask is probably: When to trade?

We are going to try to answer that question.

Asian Session (Tokyo) (7PM : 4AM EST):

The Asian forex trading session begins at 7 PM EST (12 AM GMT) and closes at 4 AM EST (9 PM GMT). During this session the most often traded currencies are GBP/JPY, GBP/CHF and USD/JPY. These currency crosses can fluctuate 110 pips.

U.S. Session (New York) (8 AM : 5 PM EST):

The US session kicks of at 8 AM EST and closes at 5PM EST. The US sesssion is quite volatile because of the other markets, stocks and bonds, are higly linked to the USD.The most traded currency pairs during these forex trading times arethis session: GBP/USD, GBP/JPY and USD/JPY which fluctuate around 95 pips. There is also trading in USD/EUR and USD/CAD.

European Session (London) (2 AM : 12 PM EST)

London is the biggest and most important trading center in the world at a market share higher than 30%. The absolute majority of all Forex trades in the market are carried out during these forex trading times because of the liquidity and quick efficiency of the market.
All major currency pairs are traded during this session. For risk loving traders the GBP/JPY and GBP/CHF have very high fluctuations of up to and even surpassing 140 pips.

To learn more about forex trading times CLICK THE LINK!

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