Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at europe forex trading time time of the day or night.
However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader. So, when should one consider trading and why? The best time to trade is when the market is the most active and therefore has the biggest volume of trades. Actively traded markets will create a good chance to catch a good trading opportunity and make profits. Live Forex Market Hours Monitor:Reviewed, improved and updated on August 24, 2012.
USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours you’ll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market. Market Hours Monitor to identify trading sessions. If you haven’t chosen a Forex broker yet, we recommend Forex brokers comparison to aid your search.
Download Free Forex Market Hours Monitor v2. This is a simple program aligned to Eastern Standard Time. Time zone option is added for most of North American and European countries. Forex trading is a high risk investment. All materials are published for educational purposes only. GMT and EST hours for trading Forex Forex market welcomes traders 24 hours a day.
Asian session opens and FOREX trading starts non-stop going into the European trading session at about 3am EST and then on to the American session at 8am EST time until it makes full circle back to the Asian trading session never stopping, trading over a TRILLION and a half dollars every single trading day. Somewhere on the planet, financial centers are open for business, and banks and other institutions are trading the dollar and other currencies, every hour of the day and night, aside from possible minor gaps on weekends. The foreign exchange market follows the sun around the earth. The International Date Line is located in the western Pacific, and each business day arrives first in the Asia-Pacific financial centers— first Wellington, New Zealand, then Sydney, Australia, followed by Tokyo, Hong Kong, and Singapore. A few hours later, while markets remain active in those Asian centers, trading begins in Bahrain and elsewhere in the Middle East.