When should I trade Forex?

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Foreign Exchange is a 24 hours market

Hi this is Henry, and here is a quick video on the trading hours for the Forex market.

As you may have guessed, the Foreign Exchange market is open 24 hours a day, from Sunday US evening until Friday US afternoon, which makes about 5 and half days of trading per week.

Forex Asian Market Time

A Forex trading day starts when the Sydney (Australia) market opens at 5:00pm EST on Sunday night with limited liquidity as most markets are still closed at this time… then the market picks up around Tokyo open as the Japanese market joins in… Then the European market opens around 3:00am where the liquidity starts to really pick up, and this is the time we see some major moves and market trend developments…

Forex US market Open

As we get to European noon time, the U.S. market opens and we now have an overlapping of markets during the early U.S. session, this is the time we typically see most liquidity as the entire European and American markets are trading together.

Forex US Market closing

As we approach the U.S. afternoon, American remains the only markets open until 4:59pm EST, then the whole cycle starts again at 5:00pm with Sydney market opening.

Forex Asian market open

And of course, during the Asian market open, the general focus is on Asian currencies such as the Japanese Yen, the Australian dollar, and the New Zealand dollar (JPY, AUD, NZD); and during the European market, market them focuses on the Euro, on the Sterling and also on the Swiss franc (EUR,GBP,CHF).

Forex US currency daily volume

Once we overlap into the US market, then we see more activities in the US dollar and also in the Canadian dollar. Although the US dollar is pretty much active throughout the entire trading day, as 85% of the total daily volume in the Forex trading has to do with the US dollar.

The best time to trade the major currencies is during the time when its market is open

So in conclusion, you can trade 24 hours a day for about 5 and a half days a week in the Forex market, but the best time to trade the major currencies is during the time when its market is open.

Who trades Forex

If you like this tutorial, please watch the video and leave your comments below and don’t forget to check out our other videos on the Forex Basics series.

About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

You can find more information about me on my Google Profile.

Comments

  1. Good!

  2. Thanks, gives me a better idea what time which currency will move more. Cheers.

  3. ujor christopher says:

    thanks for this great enlightenment.

  4. thanks very good presented

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