So you already know that with the help of Forex you can trade 24/7. But, you also know about some sessions, right? So what sessions when the trading is round the clock? If you don’t know about the different time zones and Forex trading hours, read on.
Forex Trading Sessions and Trading Hours
There are three types of trading sessions – the European, American and Asian (for example, Forex strategy ProFx trades during European and American sessions). And four variants of Forex trading hours – New York opens its trading time at 8 am and closes at 5 pm, Tokyo is open from 7 pm to 4 am, Sydney from 5 pm to 2 am and London is up from 3 am to noon. All in EST. So what do we see? All the markets are not round-the-clock but available for us to go into different markets and trade from morning till another morning. What Forex market hours are you fitting into depends on many things like your trading style, currency pairs you are trading and so on. If you’re going into scalping, you’d better prefer Asia Sessions, but for day trading it’s surely the best to enter European and American sessions. You can work with Asia Session while Tokyo market is open, European session is open with London market, while American Session is for New York market. Asia Session can be held mainly at night in the EST time, so it’s the best time for scalping. If you’re into intra day sessions and no overnight trading required – than you should definitely choose EU and US sessions.
Then More Volume then Better
So, which Forex market hours you’d better choose? Of course, to get more profit, you better enter those, when trading volume is higher. These Forex trading hours are those when few countries are trading at one time. So-called overlapped Forex trading hours. That’s when the markets are active and the percent of making big money is rising on your eyes. If we make a diagram, we would certainly see, when the markets overlap and find out when it’s best to trade. So, if you’re an early bird, then from 8 am to 12 pm is your chance to gain, because it’s time when London and New York markets overlap. If you’re trading GBP/USD, EUR/USD or USD/CHF – it’s the best Forex market hours you can go into. European and American markets are active in those hours. So you can trade and gain, trade and gain!
So, going on with Forex market trading hours, another overlap is from 1 am to 3 am, for those who sleep badly, you can catch both London, Tokyo and Sydney markets and raise your trades because of active work of those markets.
And, Fx trading hours from 7 pm to 10 pm are special for those who work with Asian and Australian markets. Another overlap is happening in those Forex trading hours, so – another opportunity to raise your trades.
So, as you can see, knowing Forex trading hours provides you the best possibilities to gain more – 24 hours a day, different currencies, different Forex market hours – one way to win.
