What's My Time Zone? What about your Forex broker? Different sessions are dominated by different types of traders, banks, governments and, as we saw, — currency pairs. While the timezones overlap, the generally accepted timezone for each region are as follows:. An interesting observation is that the Forex Market Hours of the Tokyo and London sessions overlap for approximately 1 hour varies for other European countries. The Forex Market Hours Converter assumes local "wall clock" trading hours of 8:
Download Free Forex Market Hours Monitor v (KB) Last update: April 20, Time zone option is added for most of North American and European countries. Time zone option is added for most of North American and European countries.
How to use the Forex Market Time Converter
The foreign exchange market, or forex, is the market in which the currencies of the world are traded by governments, banks, The forex market is the largest market in the world. In the forex market, currencies from all over the world can be traded at all times of the day.
The forex market is very liquid, Overnight positions represent all open long and short positions that a forex trader possesses as of 5: First, remember that in the forex markets investors trade one currency for another. Therefore, currencies are quoted in terms New York opens at 8: New York and London: At those overlapping trading hours you'll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market.
What about your Forex broker? Your broker will offer a trading platform wih a certain time frame the time frame will depend on the country where broker operates. If you haven't chosen a Forex broker yet, we recommend Forex brokers comparison to aid your search. So unless you are an institutional trader, you are a retail trader. So although the ability for retail traders to participate is halted over the weekends, the Forex market as a currency exchange is alive and well. For now just know that the market never closes due to the needs of international trade, as well as the needs of central banks and global industries to conduct business.
Because this is a 24 hour market, there is always at least one active trading session. There are even times when these sessions overlap.
Wherever the sun is shining, the Forex market is open. As you can see from the chart above, there are several market sessions which overlap. This is when liquidity is at its highest as many Forex market participants prefer trading during this time. One of the most common questions among Forex traders is, when is the best time to trade? For example, if you spot a bullish pin bar on the daily time frame, you would simply set your pending order and let the market decide what becomes of it.
See my lesson on the best time frame for trading Forex for more information.
DEFINITION of 'Forex Market Hours'
The term forex hours refers to the time in which forex market participants can buy, sell, exchange and speculate on currencies. The forex market is open 24 hours a day, five days a week. The forex market is open 24 hours a day, five days a week. The Forex Market Hours Converter assumes local "wall clock" trading hours of AM - PM in each Forex market. Holidays not included. Not intended for use as an accurate time source. Best trading time in the Forex Market. Forex Market Hours Forex trading hours: London, New York, Tokyo, Sydney sessions. Best trading time in the Forex Market GMT and EST hours for trading Forex. Forex market welcomes traders 24 hours a day. Forex market opens on Sunday 5 pm EST ( pm GMT), closes on Friday 5 pm EST.