Currency Exchange Rates

Forex Market Hours

Forex Market Hours - Time Zone Factors Affecting Fx Currency Trading

Forex Market Hours

Unlike conventional markets that are open for a set time period, forex market hours extend for the full twenty four hours. Traders from all corners of the globe, including Sydney, Tokyo, London/Europe and the US participate in these markets. The activity of the market place is reflected by the volume of traders participating in the market during any one point in time. Markets are active during some hours and quite in others. When there is a cross over between time zones, there is often greater market activity. An increase in activity also occurs during important economic releases such as interest rate decisions which can create wild movements in forex currency prices.

The progression of time zones in fx currency trading is as follows (Set to EST) :

Forex Market Hours

Sydney opens at 5:00 pm to 2:00 am Toyko opens at 7:00 pm to 4:00 am London opens at 3:00 am to 12:00 noon New York opens 8:00 am to 5:00 pm

There is a cross over in forex market trading between the Sydney and Tokyo hours ,Tokyo/London sessions and New York and London Hours. This is when the greatest volume of participants enter the markets as some traders open positions whilst others close them.

The best time to trade the forex markets are when there is the greatest volume of traders facilitating market transactions which is generally the cross over time periods. There are also other factors such as economic releases that can impact on trading conditions during forex market hours. Positive or negative news hitting the markets from central bank meetings or employment numbers can cause large movements in forex prices.

You can keep up with events likely to impact the markets by referencing an online economic calendar. These forex international schedules will provide a snapshot of the events for the weeks to come so that you will know ahead of time the important events that are likely to influence the markets and during which market hours.

Traders who participate in forex markets are required to be aware of time zone differences. A confusion over market times can create difficulties if you do not stay aware of changes. Factors such as the beginning or ending of daylight savings can influence forex market hours. There are many sites time and date translation sites that you can use to determine market operating hours on a global scale. Running multiple clocks is a good way to stay consciously aware of the time zone differences.

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