The forex market (foreign currency exchange market) opens 24 hours a day and within 25 days and starts from 5 pm Sunday to 4 pm on Friday in parallel with some times of global stock exchanges, and due to different time zones around the world. Forex relates these times to each other in 24 hour bands; However, certain trading periods of the day see significant higher volatility, such as the times for the New York-London, Paris-Frankfurt, then Dubai-Sydney Australia, then Tokyo-London and then the New York session the next morning. This is self-evident due to the closing of one of the global trading sessions until the start of the other.
To understand the opening times of the forex markets and the best times for trading, we will show you each continental time and its financial market and the best times, and it is divided into four continuous times without interruption:
New York – London domain time
The forex market opens (New York and London range): from 8:00 am to 12:00 noon, like the time of the New York Stock Exchange, it does not close during the middle of the day, and it remains open for 7 hours and 30 minutes a day.
Time zone sydney – tokyo
The forex market session opens on the time of the London Stock Exchange (Britain): from 7:00 am to 2:00 pm. Then it is followed by an hour difference from the Paris Stock Exchange, then Frankfurt, and so on throughout Europe.
Tokyo – Sydney time zone
The Tokyo Stock Exchange (Japan) opens in two sessions: the morning session from 9.00 am to 11.30 am, and then the session after the lunch break from 12.30 to 15.00.
London – Tokyo time zone
This range extends from 3:00 am to 4:00 pm east, and thus covers all time differences for forex across the world as a whole, unlike the stock and commodity market.
What is the best time to trade forex?
All times for currency trading is important, but for each currency and its commercial geographical scope, that is, the currency that has greater demand in a geographical and temporal range will witness a rise in value, this is a preliminary explanation.
This means that not all hours of the day are good for trading. The best time to trade is when the market is most active i.e. when all 4 time ranges are open for trading, there will be a bullish and moving trading atmosphere, which means there will be more significant volatility in the currency pairs and for this the overlap time between trading time ranges is best.