Get to Know Forex Active Hours

Get to Know Forex Active Hours
Create at 1 year ago (Feb 27, 2023 17:47)

Since different countries' business hours overlap, the Forex market is open 24 hours a day, Monday through Friday. This article aims to show when the Forex market is open in each country. So that traders can get ready for how each currency will change.

 

Forex Market

The Forex market is the most liquid financial market in the world because there are so many trades. So, if you want to get good at trading, one of the most important things to do is learn as much as possible about the foreign currency market. This article tells you what time each country's Forex market is open. Since there are four trading sessions on the Forex market—in Sydney, Tokyo, London, and New York—people can trade at any time. Because these markets are in different time zones, traders can trade Forex anytime.

 

Forex Active Hours

The Forex market is open 24 hours a day, Monday through Friday, because each country has a different time zone. This means that traders can trade anytime they want during the week.

 

- Sydney : 09.00 PM - 05.00 AM

- Tokyo : 11.00 PM - 07.00 AM

- London : 08.00 AM - 04.00 PM

- New York : 01.00 PM - 09.00 PM


 

The most fluctuating time for trading 

New York and London have the most contiguous foreign exchange markets between 13:00 and 17:00 GMT; the US dollar and the euro are the most actively traded currencies. In fact, when the two largest markets meet, almost 70% of transactions occur at that time.

 

Conclusion

Due to each market's trading hours are different, each currency pair in forex tends to have a different level of volatility, especially when there are events that may have an impact on both the major currencies and the currency pairs that we trade. As a result, traders should carefully arrange their trades including effective cost management.

 

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