Forex Trading Hours

The great thing about participating in the currency market is that unlike the stock market, forex trading hours are virtually anytime any day with the exception of Saturday. Somewhere in the world a market is always open for you to trade in. For example when the Asian market is closed, the European markets would be in full swing. And when the European market is coming to a close, the US market would have just opened.

However, just because of the very flexible forex trading hours available, it doesn’t mean that you should just jump in and trade anytime randomly or when you feel like it. That would be a recipe for disaster that many newbie traders tend to do. Depending on your forex trading strategies, your ideal forex trading hours might be similar or different from other traders.

While some forex trading strategies specifiy that you trade in the hours with the highest volume or volatility or the other way round, they never seem specifiy the exact times that their strategies demand.

The Forex market cycle opens on Sunday 5PM EST to Friday at 4PM EST and then it starts all over again back at Sunday 5PM EST. Trading begins in New Zealand then moves to Australia followed by Asia, the Middle East, Europe and finally in the United States. The major markets are London, Tokyo and New York.

If you are trading a strategy that recommends you to trade when the volume is highest, you might need to know the forex trading hours with overlapping markets:

Note that when you hear of the “best time to trade forex” or the best forex trading hours, you should always ask what strategy is being discussed. While most strategies focus on when the market has the highest volume, there are some pretty effective scalping strategies out there that focus on the off-peak hours where the institutional traders stay away. The price charts during this time tend to be choppy, going up and down without moving in a definite direction, giving way to opportunities to enter and exit a quick trade.

It is thus important to determine the best forex trading hours to suit your basket of forex trading strategies.

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