Forex Market Hours - What Time Does Forex Market Open And Close?

The forex market is open 24 hours a day. It provides a great opportunity to trade at any time of the day or night. When it seems to be not so important at the beginning. The right time to trade is one of the most crucial things to become successful. So when should you consider trading and why? The best time to trade is when the market is the most active especially for short term traders because it has the biggest volume of trades or else low markets would literally waste your time and efforts. 

Actively traded markets will give you a good chance to catch a good trading opportunity and make profits, as you can see on this map from Sydney opening in Asia until the US closes. The market is constantly operating from Sunday to Friday evenings measured in GMT. This map helps you visualize those times of the day the continued liquidity of the forex market is based on a fact that there's always a market open somewhere around the world. 

One thing to keep in mind is that there are three main sections that gather most of the trading volume and those sections are related to the main local share markets opening and close. London, New York, and Tokyo as a general rule a specific currency will usually be most active when that particular market is open. For example, the oxy and it's related pairs while active and tradable 24 hours a day tend to be most active and widely traded during the hours when a Sydney market is open. Meanwhile, the pound and it's related pairs will be more widely traded during the London business hours. One thing to keep in mind is that the two largest markets London in New York overlap one another for about four hours.

These represent a key trading time slot for many traders because more traders are participating at that moment liquidity tends to increase a lot providing better opportunities but each trading day will be different from every other and there's no guarantee that this timeframe will generate incredible trades on a regular basis. However with the London and New York markets open and trading simultaneously more trading opportunities often present themselves. When you look closely you can see another overlap between the trading hours so Tokyo can see any market but it's not as significant as the London and New York overlap due to the significantly lower overall trading volume.

Other forex trading hours to watch out for are the release times of government reports and official economic news, as mentioned in a previous action. Governments have a big impact on the forex market since they can intervene in the market they issue timetables for when exactly these news releases take place but they don't coordinate releases between the different countries. In the next section we'll be talking about some of the economic factors that we make the government take certain actions it's important that you have to pay attention to them because they might affect your trading.