Forex Trading Hours

With the exception of weekends, the Forex market is open 24 hours a day. But not all hours are created equal. Since the Forex market spans the entire globe and thus, all time zones, certain hours of the day align the largest financial markets. During these times, the most action is taking place, more trades are being made, and fortunes are being made. When more Forex markets are aligned and are involved in the trading at the same time marks the time to strike while the iron is hot.

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When London’s market opens – the most active Forex market – it is the best time for trading. Not only does it overlap with New York – the second most active Forex market, for four hours – it also overlaps with Tokyo – the fourth most active Forex market – for an hour. According to the chart above, the best times to get on the computer and start trading are 8am-9am (GMT) and 1pm-5pm (GMT).

Abuse the News: Another vital aspect of trading on the Forex market is paying close attention to current economic announcements. Any major announcement involving any of the top eight currencies of the Forex market is sure to have enormous implications on trading. If you’re late to the game during these times you could lose a fortune. However, if you stay diligently informed on all worldwide economic news, you stand to make a fortune. There will be a market stampede when the report is released, so even though you can trade 24 hours a day, you must stay informed at all times if you want to keep your profits and keep your losses to a minimum. Hey, nobody said Forex market trading was easy.

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