Best Forex Master - Best Trading Times

User-agent: * Allow: /

Best Trading Times To Work On The Forex Market

Which is the right time to trade currencies? In this round-the-clock market, good setups will be available for profitable trades in the Asian, US and European sessions. Throwing a lance on the history of prices on forex is sure to pay, as you would know at what time of the day you would be watching the market. This is the trick, to trade when there is considerable trading range and to skip when the prices slide to the narrow side ways range.

London Trading Session

London opens at 8 am GMT or 3am EST. Closes at 4 pm GMT or 11am EST. The most active pairs during this session are EURUSD with 39% of the trading volume, GBPUSD with 23%, USDJPY with 17%, USDCHF with 6% and USDCAD with 5%.

European Trading Session

Europe opens at 7am GMT or 2am EST, Closes at 3 pm GMT or 10 am EST. The European session is the most volatile session most of the time.

New York Trading Session

New York Opens at 1pm GST or 8 am EST. Closes at 8pm GMT or 3pm EST.

New York is the second largest forex market place. The busiest time is 8am to noon EST. News releases can result in a volatile market. Trading activity usually winds down after the U.S. afternoon trading period.

Asian Trading Session

The Tokyo session opens at 1am GMT or 8pm EST and closes at 8am GMT or 3am EST. Sometimes volatility is low and sometimes good moves occur. The USDJPY is the most active pair with 78% of the volume followed by EURUSD with 15% and EURJPY with 5%.

The time currently in New York, USA is:

The time currently in London, England is:

The time currently in Tokyo, Japan is: