It’s time to learn about different forex trading conferences.
Yes, the foreign exchange market is open 24 hours a day, but that doesn’t mean it is active all day.
When the market moves up, you can trade in currencies and even make money when the market falls.
But when the market doesn’t move at all, you will have a hard time making money while making money.
Believe us, sometimes the market is still the victim of Medusa
This course will help determine when the best time to trade
Forex Market Hours
Before we look at the best time to trade, we have to look at the 24 hours of the Forex world.
The foreign exchange market can be divided into four main trading hours: Sydney time, Tokyo time, London time, and Piccrawler’s favorite trading time, which is New York time. Here are the opening and closing schedules for each session:
Spring/Summer in the U.S. (March/April – October/November)
The actual opening and closing times are based on local working hours, and most of the working hours start at 7-9 am local time.
Opening and closing times will vary during October/November and March/April as some countries (such as the US, UK and Australia) convert to Daylight Savings Time (DST).
The months in which a country moves into/out of daylight saving time are also different, making us even more confused. Japan did not observe daylight saving time, so thank you for keeping it simple.
Now, you may be watching the Sydney Open and wondering why it changed for two hours in the Eastern Time Zone.
You think the Sydney Open will only move for an hour after the US standard time has been adjusted, but keep in mind that when the US moves for an hour, Sydney actually moves forward for an hour (the opposite of Australia’s season).
If you plan to trade during this time, you should always keep this in mind.
Please also note that between each forex trading session, there are two periods in which the session is open at the same time.
For example, during the summer, between 3:00 and 4:00 pm ET, the Tokyo meeting and the London meeting overlap, summer and winter, 8:00-12:00 ET, and the London meeting overlaps with the new meeting York meeting.
Of course, this is the busiest period of the trading day, because when both markets are open at the same time, the volume of transactions will increase.
This makes sense, because at that time, all market participants are turning to invest, which means more money is being transferred.
Let us now look at the average spread of major currency pairs for each Forex trading session.
Let’s take a deeper look at each session and the time period in which the sessions overlap.