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Forex Trading Hours and Market Sessions

11/07/2016 // 05:24:28 pm

Make Your Money Work Around the Clock

Forex is a decentralized market that operates through financial centers around the world. Since these financial centers are located in different time zones, traders can enjoy a seamless 24-hour trading environment through retail brokerage firms, like TTS MARKETS. Trading begins every Sunday during the Asian session at 5:00 PM ET and ends on Friday at 4:00 PM ET.

The eight largest financial centers in the world are the United Kingdom, United States, Japan, Singapore, Switzerland, Hong Kong, Australia, and France. While there are other financial centers scattered across the globe, the trading times of these centers are lumped into three sessions known at the Asian, European, and North American sessions.

Summer

Time Zone EDT GMT
Sydney Open 6:00 PM 10:00 PM
Sydney Close 3:00 AM 7:00 AM
Tokyo Open 7:00 PM 11:00 PM
Tokyo Close 4:00 AM 8:00 AM
London Open 3:00 AM 7:00 AM
London Close 12:00 PM 4:00 PM
New York Open 8:00 AM 12:00 PM
New York Close 5:00 PM 9:00 PM

Winter

Time Zone EDT GMT
Sydney Open 4:00 PM 9:00 PM
Sydney Close 1:00 AM 6:00 AM
Tokyo Open 6:00 PM 11:00 PM
Tokyo Close 3:00 AM 8:00 AM
London Open 3:00 AM 8:00 AM
London Close 12:00 PM 5:00 PM
New York Open 8:00 AM 1:00 PM
New York Close 5:00 PM 10:00 PM

Asian Session

After the weekend, liquidity returns to Forex during the Asian session. The market is operating through financial centers in Japan, China, Australia, New Zealand, and Russia at this time, among others. The most traded currencies during this time is the Japanese yen. The most volatile pairs during this session include the GBP/JPY, GBP/CHF, USD/JPY, and AUD/JPY. Fundamental forces play into these pairs' volatility, with major new releases coming from Japan, Australia, New Zealand, and China.

European Session

This session operates through a number of major financial centers, including Paris, Frankfurt, Zurich, and London. London is the largest financial center in the world, trading nearly 30% of all Forex transactions. With such a heavy trade volume, the European Session experiences some of the largest moves in the market. The most active currencies in this session are the GBP, EUR, and CHF. The GBP/CHF continues to be a volatile pair throughout the European Session, competing with GBP/JPY, and USD/CHF.

North American Session

The North American Session is dominated by U.S. transactions, with contributive trades coming from Canada, Mexico, and South America. Volatility hits its peak in New York City, where fundamental factors drive the USD and CAD. Since nearly 85% of all Forex trades involve the USD, this session has been known to generate tremendous moves in the market.

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