One of the main benefits of the Forex market is that it is open around the clock, 24 hours. Many people get into foreign exchange, or Forex, because of this simple fact. Stock markets are only open during business hours, which can make it hard for people who hold regular hours to keep a watch on the market and makes trading almost impossible. With foreign exchange, you do not have to worry about this, as the Forex market hours are not limited like stocks trading.
However, since the market is open 24 hours a day, it can be hard to know when the most profitable time to make transactions is. Knowing when you can make the most money and when the most active Forex trading hours are means you can stand to make much more profit than if you were trading outside of these lines. There are three major markets when it comes to Forex trading hours, all with different times which you will need to know in order to trade successfully.
These times run as follows:
European (London) hours – 3 AM – 12 PM (EST)
U.S. (New York) hours – 8 AM – 5 PM (EST)
Asian (Tokyo) hours – 7 PM – 4AM (EST)
Since there are so many overlaps during these periods of time that is usually when these areas of the world are most actively engaged in trading currency. With rapid fire trades going on around all the time, it makes these small overlapping hours the perfect time to set up a large trade, which has made Forex trading so famous. Since trading during these overlapping sessions is such a great opportunity, you should be aware of this no matter your location in the world. There really is no answer as to when the most profitable Forex trading hours occur, as profits are to be had around the clock, with massive moves happening at any point in time.
Sydney Forex trading hours is based in the Asian market and therefore follows the same schedule as Tokyo business, with trades happening around the clock despite the overlapping. Since many people are looking into making money quickly, they assume a quiet market means there is no money to be made. This is simply not true, as there are tons of people who make the bulk of their money from trading while the market is slow.
Now that you know the trading hours, it’s time to work on your strategy and systems. My buddies over at Trader Interviews have a great interview with a top trader up for free right now. Listen in on a conversation with trading champion Kevin Davey free of charge right now.
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