In the forex market, the success of a trader depends a lot on the timing he chooses to trade. Choosing the best time is one of the most important elements in the forex market. When the volume and volatility are on the highest level, is the beat time for the traders to generate profits. However, to find these suitable times, a trader must first completely understand all the silent features of the forex market.
Forex market is a 24 hour running market, and most of the trading happens from Sunday’s morning until Friday’s evening. The most prominent forex markets in today’s21 world are undoubtedly United States and United Kingdom. More than half of the forex market transactions take place in these two countries.
Best Time to Trade
At forex market, the best time depends upon the volume of the trade. The best time to trade is, when the trading market is active in many countries at the same time. To get a better idea of this, let’s take a look at the timing sessions of different markets:
New York Session
Starts at 8 am and remains open until 4 pm EST.
London Session
Starts at 2 am and remains open until noon.
Great Britain Session
Starts at 3 am and remains open until 11 am EST.
Tokyo Session
Starts at 8 pm and remains open until 4 am EST.
Australian Session
Starts at 7 pm and remains open until 3 pm EST.
For the United States trader, the forex market opens on Sunday and closes on Friday. The market stays open 24 hours in these five days. However, there are specific days, which are considered to be the best days to trade among these five. The results of a careful research show that Tuesday and Wednesday are the best days to trade in the forex market.
