Forex Hours explained by foreign exchange trading experts, A lot of investors asked what is Forex Hours in my time zone? So read this article to the end to finding out what is Forex Hours GMT time.
What is Forex Hours
Forex market is a 24 hours trading market. This market opens on Sunday 7 PM EST and remains open till 5 PM EST and in this time the market does not close for a second. This market can be accessed by anyone at any time in this time period. Forex market does not restrict the traders to any certain time. It means the traders and investors can trade anytime in these 24 hours. They can wake up at night and start trading when other members of their family are slept. The traders and investors can set their Forex trading schedule at any time in these five days.
Why Forex Hours is 24/5
Now the questions might be arising in your mind that why this market is opened every time from Sunday opening time to Friday closing time. The answer is very simple. This market is opened every time because it is a global market and the traders and investors from all countries can participate in currency trading. Time Zones of different countries are different. The time that is your work time may be the sleep time for the traders from other countries. Different countries in different time zones have different opening and closing time of the market. Thus, when all the opening and closing time are joined the result is a 24 hour trading market.
Major Forex Hours
There are four more important time sessions in the Forex market. These are US Session, London Session, Tokyo Session and the Singapore Session. It happens many times that when one session is open, another session also begins and this cause interaction of hours. The interaction of market hours of different time sessions is called Overlapping Market Hours. Volume of orders increases during Overlapping Market Hours and so the volatility also increases. The increase of volatility attracts many traders and investors because they see these hours as their profit earning opportunity. The chart below will show the Forex hours of different countries.
Best Forex Hours
Market Overlapping Hours are the best time to trade because volume is very high in these hours and the traders trading in these hours have fewer chances to go in loss. There are two major market Overlapping. First Overlapping is between the Asia and the Europe and the second Overlapping is between the Europe and the North America. Out of these two Market Overlapping Hours, the most interesting market movement is between the Europe and the North America. The traders should concentrate more in trading in the Overlapping Hours because the profit earning opportunities are more in these hours. Volatility outside this hot zone occurs because of some major Forex news or events but price movement is difficult to predict and also cannot be trusted.
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