![]() You may have noticed when reading the previous section that at several times of the day more than one market is open at the same time. How to Time Trade Entry And Exit Pointsīest Times to Trade the Foreign Exchange Market.This break runs for the rest of Friday, during all of Saturday and until 5:00 PM EST on Sunday when the Sydney Session opens. ![]() After the New York close at 5:00 PM EST, the forex market then gives its participants a weekend break to ponder life. At this point, forex trading ends for the week. The forex trading times therefore go full circle throughout the week, and the forex market trades until Friday afternoon’s New York Session closes. Chicago trading is one hour later and California trading is three hours later. In the European session, Frankfurt opens at 2:00 AM and closes at 10:00 AM, while the major London forex trading session opens at 3:00 AM and closes at 11:00 AM.Įast Cost North American markets open in New York at 8:00 AM and close at 5:00PM. Interestingly, the final Asian Session trading hour when the London Session opens while the Asian session is closing down, makes up one of the busiest forex trading times. Singapore and Hong Kong open two hours after Tokyo at 9:00 PM and close at 5:00 AM. Two hours after the Sydney open, the forex market opens in Tokyo (The Asian or Tokyo session) at 7:00 PM EST and closes at 4:00 AM. This allows many professional forex traders based in New York to pass their order books on to traders based in Sydney for watching at least until the Tokyo opening. In other words, when the market in New York closes on Monday at 5:00 PM, the market in Sydney opens on Tuesday morning in its time zone. Throughout the following forex trading week, the Sydney open at 5:00 PM EST is basically the same time as the New York Session’s 5:00 PM EST close the next day. Wellington then closes at midnight, while Sydney then closes at 1:00 AM. The foreign exchange market opens with the Sydney session at 5:00 PM EST in Sydney, Australia, although some traders in New Zealand will make prices an hour earlier at their 4:00 PM open. ![]() All times mentioned will be expressed in Eastern Standard Time or EST. Nevertheless, poor times to trade also exist, and so the sections below will cover the forex market’s time table and the best and worst times to trade.
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