Forex Trading Hours:
It is to be said that the FOREX MARKET runs twenty-four by seven a day and five days a week. It is worthy to note that traders should know the up and low level of the market so that they can do their trade-in that specific time. It is important for both day traders and trend traders to know the facts. As day traders depend on volatility and liquidity whereas trend traders depend on the suitable time of closing and entering into the trade to do a number of dealings. Traders must also be aware of the events which are elated to the economy. They are being published every day on the economic calendar to get the benefit of the movements by the released economic data.
The other time to trade FOREX MARKET is when it is at the most active levels- that when trading delivers the bid price and ask price that tends to narrow.
Forex Market Hours By Region:
In the world of FOREX, MARKET traders may find difficulty by the time. As most of the traders are from different regions and have various challenges to meet the need. The major fact is due to the liquidity in the markets and the flow of different sessions in the markets.
Due to this one need to get enough knowledge related to the FOREX MARKET HOURS, which are based on fixed time standard and hence will be specifying all the times in GMT. One thing to be cleared is that traders should know well about the time if they are ahead or behind the GMT and by how many hours. DAYLIGHT SAVING TIME in their regions should also be in mind in order to calculate the market hours perfectly. Due to this, there is a huge difference between the FOREX HOURS of INDIA and the FOREX HOURS of SOUTH AFRICA, for example.
Now that we have set the base time zone as GMT, we further move to the given FOREX market sessions. There are four different sessions based on timings and these are SYDNEY sessions, THE TOKYO sessions, THE LONDON sessions, and THE NEW YORK session. The market behaves in a democratic way in spreading these sessions around the continents with one session each in AUSTRALIA, ASIA, EUROPE, and the AMERICAS.
The SYDNEY session begins at 10 PM GMT during summer 9 within April and October) while it begins at 9 PM GMT during winter.
The TOKYO session opens at 11 PM GMT and closes at 8 AM GMT by the whole year.
The LONDON session begins at 7 AM GMT and closes at 4 PM GMT during summer 9 with one hour delay in winters0 while the NY session opens at noon GMT and closes at 9 PM GMT during summer 9 with one hour delay in winter).
REGIONS OPEN AND CLOSE TIME
SYDNEY OPENS 10 PM GMT (SUMMER) 9 PM
SYDNEY CLOSES 7 AM GMT (SUMMER) 6AM
TOKYO OPENS 11 AM GMT (SUMMER) 11 PM
TOKYO CLOSES 8 AM GMT (SUMMER) 8 AM
LONDON OPENS 7 AM GMT (SUMMER) 8 AM
LONDON CLOSES 4 PM GMT (SUMMER) 5 PM
NEW YORK OPENS 12 PM GMT (SUMMER) 1 PM
NEW YORK CLOSES 9 PM GMT (SUMMER) 10 PM
In order to win the game traders need to follow the above-mentioned timing, time and again to be successful. The game is understandable, all you need to have is, go through all these time zones to set your place. As there four different sessions, and you have to change them according to your own timing. Though it is tough as the time flies you will be able to get familiar with the trends and sessions. So it is up to you, how much effort you will put in this.
The Best Time Of The Day To Do Trading:
Here the question arises, that how you tackle the FOREX MARKET HOURS clock while trading? Each session is having different volatility and liquidity. It is to keep in mind that the SYDNEY session is having low volatility as it goes higher while picking up the TOKYO session and the traders from JAPAN and AUSTRIA. It goes beyond during the LONDON session, even though the SYDNEY session is closed. New York’s session brings in even more volatility into the mix and that is when the full flow of the market is seen.
Again, if you are in SOUTH AFRICA you need to plan your trade according to the FOREX MARKET HOURS. Being a trader it is always good to deny the low volatility as the price changes to low, as a trader, you are not able to overcome the changes occurring in the market. Not even your single analysis is suitable at the time of low market values. It is worthy to note the start of the week for FOREX trading, as Monday is the starting day of the week by having a little volatility because on Monday traders go back to their desktop, but it goes high as the weekend news tends to affect the different currencies.
As a professional trader, you need to be aware of the time of closing and opening of the market. This is either the LONDON session or NEW YORK session or the correct time to trade when this session overlaps so that you get the best liquidity, volatility, these can be trusted to lead in the correct direction. The worst time is between the end of the US session and the opening of the SYDNEY session but of course, there are few traders who use this lack of liquidity.
Forex Open And Close Time:
Hopefully, now you are familiar with the different sessions, and the importance of trade during times of high liquidity. Moving to the next step, that is about the opening and closing hours of the FOREX MARKET. This is a little bit tough and difficult for the traders by the initial week, prices move all day and the traders flow the trends. Trader faces many difficulties as the opening on Sundays is tough to find the closure of the trades for the week on Fridays because due to this they are unable to catch the exact timing.
Within the weekend, FOREX MARKET is closed for the most part of Saturday and Sundays. FOREX trading hours differ by region to region. So for some traders, depending on which part they are from, the market opens on Sunday itself while for certain traders, the market opens only on Monday morning.
Likewise, the FOREX market closes for the week at 9 PM/10 PM GMT on Friday and again, depending on which part you are from, it closes either on Sundays early mornings. Again it is important to go with the flow. One should get familiar with the market timings accurately.
High And Low Volatility During The Forex Trading Day:
As mentioned earlier about the volatility in the market ebbs and flows according to the FOREX market hour’s clock. It is too good to DOWNLOAD CLOCK SOFTWARE with these timings inbuilt so that you can refer them as what you need it. Again, make sure that you convert these to your time zones so that you do not get confused. Volatility is high during the first hour or so of the trading in a week if there would be some news within the weeks. As compared to the SYDNEY session the volatility is too low. Once the TOKYO session begins, there are also the same time zones along with other countries. Like, SINGAPORE, CHINA, as comparing to ASIA is much concerned.
The volatility then perplexes along and there is a spurt again when the LONDON session begins as the major banks and hedge funds and the large investors in EUROPE join the trading. Ideally, the time came when the trader should look to begin his trading as the earlier sessions are likely to have a lot of noise and irrelevant trading.
The volatility remains too high within the few hours and then starts once the NEW YORK session begins. The time when LONDON and NEW YORK sessions are open and for around 3-4 hours, the volatility is the highest traders in both major parts of the world fight it out in the market.
The FOREX MARKET HOURS clock is relatable to their own when they are trading. Again, it differs from region to region making it difficult things to gather but it becomes established into mind, then it is much easy to deal with and go by the flow.
In addition, selecting a broker in your region or with a broker that can meet your daily trading hours can improve your convenience as some brokers publish daily news and forecasts, and hold customer’s support in the region’s times.
Winding up the above discussion, you may easily be able to know the facts and figures about trading FOREX trading, there are specific hours and time to manage the trading. Along with the different regions, time varies. Both the opening and closing of trading differs in every country.