Forex Market Hours
The forex market opens on Sunday 5:00 pm EST and remains open until 5:00 pm EST Friday. Due to the nature of global business currency is always in high demand as well as the need to convert currency for international trade. The banks make sure that these needs are filled by being connected globally on a network that allows for the exchange of these currencies resulting in a 24 hour trading network that is now available to the smaller speculator.
Each day is opened by the Australia - Asia area followed by the European area and then lastly by the North American area. In forex trading the best opportunities for making money is when the various markets overlap trading hours. While the London Market is coming to a close the New York Market is opening, during this overlapping time frame the forex is very active and allows for much more profit potential.
Forex Trading Hours by Trading Center
Asian Session opens 7:00 pm - 4:00 am EST
Australian Session opens 5:00 pm - 2:00 am EST
London Session opens 3:00 am - 12:00 pm EST
New York Session opens 8:00 am - 5:00 pm EST
The Best Forex Trading Times
The best trading time is during the overlapping of 2 major market areas
Australian - Asian overlap 7:00 pm - 2:00 am EST
Asian - London overlap 3:00 am - 4:00 am EST
London - New York overlap 8:00 am - 12:00 pm ESTOutside of the overlapping trading times you will likely notice a significant decrease in trading volume and relatively inactive currency pairs.
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