The Forex market is open 24 hours a day, but is not always active throughout the day. You can earn money when the market goes up and down. But you will have a hard time making money when the market does not move at all.
Hours of the Forex market
The forex market can be divided into four main trading sessions: the Sydney session, the Tokyo session, the London session, the New York session. ForexTrading Premium ForexTrading Course ForYou is always there to help you if you are interested.
The actual opening and closing times are based on local business hours, and most business hours start somewhere between 7 and 9 a.m. local time. The opening and closing times will also vary during the months of October / November and March / April, as some countries (such as the United States, England and Australia) change to / from daylight saving time (DST).
The day of the month in which a country changes to / from summer time also varies, which confuses us even more. And Japan does not observe summer time, so thank you Japan for keeping it simple.
Now, you're probably watching the Sydney Open and wondering why it changes two hours in the Eastern time zone.
You would think that the Sydney Open would only move one hour when the USA. UU It fits the standard schedule, but remember that when the US. UU Go back one hour, Sydney actually advances one hour (the seasons are opposite in Australia).
You should always remember this if you ever plan to trade during that period of time. Also keep in mind that between each trading session of currencies, there is a period of time in which two sessions are open at the same time. During the summer, from 3: 00-4: 00 AM ET, for example, the Tokyo session and the London session overlap, and during the summer and winter from 8:00 a.m. at 12:00 p.m. ET, the session of London and the New session of York overlaps.
Naturally, these are the busiest times during the trading day because there is more volume when two markets are open at the same time.
This makes sense because, at those times, all participants in the market are wheeled and dealt, which means that more money is transferring hands.
Now let's look at the average movement of the major currency pairs during each forex trading session.
From the table, you will see that the London session normally provides the most amount of movement.