Hey Forex traders! We all know that one of the advantages of the Forex market is operating 24 hours a day except for weekends and holiday. Once a continent has stopped working, another comes into trade. Forex market is a dynamic and highly liquid financial market, and there are many opportunities for Forex traders to gain profits even in one single minute. Last time we already discussed some tips about how to choose best time to trade Forex. To teach Forex for beginners, today I would like to give an introduction to Forex trading hours in worldwide Forex markets.
As we know, a typical Forex trading day starts with New Zealand, before moving across to Australia, Japan and Asia, Europe and North America. Since the Forex markets in United Kingdom and in United States account for almost half of the total world market, the times at which both are open are particularly busy. If you want to learn Forex for beginners, the Forex trading hours are important things that you should remember.
Forex for beginners: Forex Trading Hours in Asia and Pacific
The Forex trading hours of the main Forex markets in Asia and Pacific region are listed as following. During this period of Forex trading hours, there are four currency pairs that being traded actively: USD/JPY (US dollar against the Japanese Yen), EUR/JPY (Euro against Japanese Yen), EUR/USD (Euro against US dollar), and AUD/USD (Australian dollar against US dollar). If you are interested in trade these four currency pairs, then it is probably better to trade during Asia Forex trading hours since that’s the “rush hours” for trading these currency pairs.
The time zone is GMT +1 (Central European Time, ECT)
| Region | City | Open | Close |
| Asia and Pacific | Tokyo | 01:00 | 09:00 |
| Hong Kong | 02:00 | 10:00 | |
| Singapore | 01:00 | 09:00 | |
| Wellington | 21:00 | 05:00 | |
| Sidney | 21:00 | 05:00 |
Forex for beginners: Forex Trading Hours in Europe
The Forex trading hours of the main Forex markets in Europe are listed as below. Forex trades are conducted in the European financial centers, like London and Frankfurt. The volatility of the most popular currency pairs, for example EUR/USD, increases significantly after London market starts its session and when it nearly closes. Changes of Forex rates during the European trading hours could be significant, since the majority of monetary stock is concentrated in Europe.
The time zone is GMT +1 (Central European Time, ECT)
| Region | City | Open | Close |
| Europe | Frankfurt | 07:00 | 15:00 |
| London | 08:00 | 16:00 |
Forex for beginners: Forex Trading Hours in America
The Forex trading hours of the main Forex markets in U.S. are listed as below. When the New York Forex market opens and US banks begin to work, Forex trading activity reaches its maximum level. After the lunch break, then European traders return and the trading activity in U.S section becomes active again. The influence of European and American banks is similar, so no significant changes take place in Forex compared to the start of the European session. You should notice that the American session is more aggressive in trade than others.
The time zone is GMT +1 (Central European Time, ECT)
| Region | City | Open | Close |
| America | New York | 14:00 | 22:00 |
| Chicago | 15:00 | 23:00 |
Now you know the Forex trading hours of the main Forex markets in the world. In order to learn Forex for beginners and trade Forex better, you may make use of the Forex trading time in your trading strategies. If you don’t have time to conduct Forex trading in specific hours, it is possible to set orders in your trading platforms or use automated Forex trading software to execute these trades.
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