Forex Trading Sessions: The FX market is a financial market that remains open from 8 AM to 6 PM, 24X5. It remains closed on New Year, as well as Christmas. Other than these two days, the market remains open always.
Major Forex trading sessions are generally five hours long. However, some can be longer, depending on the nature of the market and the political concerns that may cause the market to experience short hours of operation. It is best to understand the volatility of the market before participating in any major Forex trading session.
What are the Major Trading Sessions The Asian Session
The Asian Session
- Covers trading activities in Sydney, Tokyo & Wellington.
- Tokyo remains open from midnight to 9 AM GMT.
- Sydney remains open from 10P M to 7 AM GMT.
The European/London Session
- Offers the highest trading volume.
- Constitutes more than 37% of all-inclusive trading activities worldwide.
- London remains open from 8 AM GMT to 5 PM GMT.
US/New York Session
- The final session of the day.
- Overlaps with the European/London session.
- Remains open from 1 PM GMT to 10 PM GMT.
When is the Best Time to Trade in Forex?
One amongst the first things you learn when it is best to trade forex is that you should be entering the market at the end of a strong trend when you are looking for a good market to enter. You need to have a solid risk-to-reward ratio when you are trading. In some cases, you may be able to make a lot more money if you wait for the perfect market conditions to be in place.
The best time slots according to different sessions are:
- Trade from 1 PM to 5 PM GMT in New York & London.
- Trade from 1 AM to 7 AM GMT in Sydney & Tokyo.
- Trade from 8 AM to 10 AM GMT in London & Tokyo.