Forex Trading Hours clock

Forex trading hours can be said to be a time period that is made up of a day of business in the financial market, which covers periods from the opening bell to the closing bell. It is required that all orders for the day should be placed within the time frame of the trading session, with bulls and bears participating in shaping the live market prices.

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During weekdays we have the forex market open 24 hours a day, but we should be aware that this alters during the weekend. It is also important for us to state here that the market presents sessions in which price is generally volatile and periods in which price turns out flat. We should consider is the mutating characteristic of different currency pairs at certain times of the day’s trading session, as a result of the overall demographic of the market participants. We will explore some of the major trading sessions in this article, and look at the kind of market activities that can be expected over these periods, and also how traders can incorporate these knowledge into a concise trading plan.

Liquidity

Liquidity is of paramount concern to traders when looking at the various times of the day, and we can simply it to mean the ability to enter a trade without measurable price shifts.

Some high liquid pairs like the EURUSD can take up massive orders without reacting, but the exotic pairs are more likely to slip noticeably when massive orders are being entered, which is evident because they are made up of fewer orders in the market and as such larger orders will eat up all other orders before getting filled eventually.

Market Behaviour

The sheer size of the forex market should suggest that entering and closing positions won’t hurt liquidity especially for the big players, but one major concern should be market reaction during these sessions of altering liquidity. The high liquidity sessions of the market are those periods in which the largest number of traders are live in the market.

 Asian Trading Hours

The Asian markets are basically the first to open after the weekend. We can say that activity from that part of the globe is represented by the Tokyo capital markets, which comes alive at 06:00 GMT. Some other financial centres from the region do have a significant pull on the trading hours, such as Australia, Russia, China, New Zealand and a host of others. Traders basically consider the Asian trading hours to run from 23:00 GMT to 08:00 GMT.

 European Trading Hours

London represents the financial hub in Europe, with trading starting just before the close of the Asian session. It represents a very dense session in the market, with activities from major financial markets coming to play. The London session start around 07:30 GMT to 15:30 GMT. This trading hours get greater exposure as other capital markets joins the party. Other active markets in the region includes Germany, France, Switzerland and many more.

 North American Trading Hours

The market across Pacific comes alive just hours after the close of the Asian markets, but usually halfway through for European traders. The U.S. market dominates the activities during these session, with added liquidity from Canada, Mexico and a few other South American markets. It comes as a surprise that the New York trading session marks the highlight of this trading session with peak volatility during this session.

Winter Forex Trading Hours (October – April)

 
Summer Winter Forex Trading Hours (April – October)

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