The forex market is global and is open 24 hours a day on weekdays:
There are four regional trading sessions:
Each session has unique characteristics; you need to understand these to get the most out of each market.
The most active currency pairs traded in this session are as follows:
This is an active session, and there can be significant exchange rate fluctuations due to the trading volume of Euro-based financial instruments:
The most active forex trading begins when New York opens and European traders return from lunch. The American session has the following characteristics:
Trading is quiet during the Pacific session.
All times are shown as CET (GMT + 2).
Forex Market Hours | |||
---|---|---|---|
Region | City | Open | Close |
ASIA | Tokyo | 1:00 | 9:00 |
Hong Kong | 2:00 | 10:00 | |
Singapore | 1:00 | 9:00 | |
EUROPE | Frankfurt | 7:00 | 15:00 |
London | 8:00 | 16:00 | |
AMERICA | Chicago | 15:00 | 23:00 |
Chicago | 15:00 | 23:00 | |
PACIFIC | Wellington | 21:00 | 5:00 |
Sydney | 21:00 | 5:00 |