Yes, the Forex market is open 24 hours a day, but that does not mean it is always the same all day.
When the market is moving up, you can trade and make money, and even when it is moving down, you can still make money.
But as long as the market does not move at all, it will be difficult for you to earn money.
Believe me, there are times when the market becomes motionless like a scorpion statue!
Today’s lesson will help you find the right time to trade.
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Forex market working hours
Before we get into the best time to trade, we need to look at what a 24-hour Forex market looks like.
The Forex market can be divided into four main trading sessions: the Sydney session, the Tokyo session, the London session and Trump’s favorite time to tweet, the New York session.
According to the records, trading in the three forex trading sessions will be at its peak.
Traders often focus on one of three trading sessions instead of trying to trade 24 hours a day in all markets.
These sessions include the Asia, Europe and North America sessions, also known as the Tokyo, London and New York sessions, respectively.
Some traders prefer to use the names of continents to identify sessions, other traders prefer to use the names of cities.
(We prefer to use the names of cities, but we do not have a problem with the names of continents).
Did you know? The combination of four Premier Trading Center, which includes London, New York, Singapore and Hong Kong, 75 % of turnover forex in the form .
Since New Zealand is a major financial center and the first place to enter Monday, the forex markets reopen on Monday morning. This is while in most parts of the world it is still Sunday.
Although trading began in New Zealand, it is still referred to as the Sydney Session. It may not make sense, but we are also subject to the plural.
Until Friday, there is no time during the week when the market is officially closed. However, around 19:00 to 22:00 GMT, there will be a slight downturn in the market. At this time, most American traders have turned off the systems, and most Australian and New Zealand traders are preparing to go behind the systems.
Daylight Saving Time
As you know, the clocks of many countries change by 1 hour in the first of spring and the first of winter. This change is taking place in the United States, the United Kingdom and Australia.
The problem is that not all countries make this clock change on a particular day. That’s why it gets a little confusing.
Now, you are probably looking at the reopening of the Sydney market and wondering why it takes two hours to move around in Sydney.
There is a simple reason. The seasons are reversed in Australia, so when one hour is moved forward by one hour in the United States, it is delayed by one hour in Australia, which causes a difference of 2 hours.
If you are going to trade during that time, keep this in mind.
Although it is difficult to struggle with summer time, it is normal when a market is open and active around the clock!
It should be noted that the opening hours of the Forex market will change in March, April, October and November, as countries enter summer time on different days.
Overlap of trading sessions
You should note that between each Forex trading session, there is a time interval in which two sessions are open at the same time.
Naturally, these are the busiest times of the day for trading because there is more volume when two markets are open at the same time.
This makes sense because in those days, all market participants were trading like a gig. This means that more money is being made.
Now let’s take a look at the average movement of major currency pairs in terms of pips in each Forex trading session.
Forex trading sessions
According to the table above, you can see that most of the movement usually takes place during the London session. So it can be concluded that the London session is the best time to trade. Because most fluctuations occur during this period.
Take a look at the chart below and see how some currency pairs fluctuate more than others.
Forex trading sessions
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