What is The Best Time Of The Day To Trade Forex ? | FX203
what to know what time of the day to trade forex? On these video I cover all that and also point out the specific currency pairs you should be trading at these times. These doesn't limit you to trading only at these times but it presents to to you the times where the forex market is most liquid.
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Worldwide Forex Markets Hours
The forex is fully electronic and open somewhere in the world between 5 p.m. Sunday and 5 p.m. Friday Eastern Standard Time (EST). Each exchange has unique trading hours from Monday through Friday. From the average trader's perspective, the four most important time windows (all EST) are as follows:
London: 3 a.m. to 12 p.m. (noon)
New York: 8 a.m. to 5 p.m.
Sydney: 5 p.m. to 12 a.m. (midnight)
Tokyo: 7 p.m. to 4 a.m.3
While each exchange functions independently, they all trade the same currencies.5 So, when two exchanges are open, the number of traders actively buying and selling a given currency greatly increases. The bids and asks in one forex market exchange immediately impact bids and asks on all other open exchanges. That reduces market spreads and increases volatility, including in the following windows:
8 a.m. to noon, with both the New York and London exchanges open
7 p.m. to 2 a.m., with both the Tokyo and Sydney exchanges open
3 a.m. to 4 a.m., with both the Tokyo and London exchanges open
The New York exchange is especially important for foreign investors. Its trades involve the U.S. dollar, which is involved in 90% of all currency trades. Movements of the dollar can have a strong ripple effect around the world.
High-Volume Forex Trading Hours Can Be Risky
There can be exceptions, and the expected trading volume is based on the assumption that no major news will come to light. Political or military crises that develop during otherwise slow trading hours could potentially spike volatility and trading volume.1
Certain economic data that can move the market has a steady release schedule. It includes jobless figures, Consumer Price Index (CPI), trade deficits, and consumer confidence and consumer consumption. Knowing when this news is set for release can help time when to trade.
NOT FINANCIAL ADVICE DISCLAIMER
We have done our best to ensure that the information provided here and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional.
