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Forex Trading Hours

Forex Market Hours

Forex Trading Hours: The spot forex market is a unique market since it is and can be traded 24 hours a day. This is mainly because there is always someone who needs to exchange one currency with another to fulfill their business obligations at anytime and anywhere in the world.

There is always a financial center open somewhere in the world and the open and close times will overlap in the cause of the day. In other words, when one financial center is closing another is opening.

The currency market is divided into the Asian market, European market and the USA trading hours. Trading starts in New Zealand, followed by Australia, Asia ( Japan in particular), the Middle East, Europe (with London being the main financial center) and America.

Trading Hours (EST)

Region	City	Winter time (GMT)		Summer time (GMT)
Region	City	Opening	Closing	Opening	Closing
Asia	Tokyo	0:00	8:00	0:00	8:00
	Hong Kong	1:00	9:00	1:00	9:00
	Singapore	1:00	9:00	1:00	9:00
Europe	Frankfurt	6:00	14:00	5:00	13:00
	Zurich	6:00	14:00	5:00	13:00
	Paris	6:00	14:00	5:00	13:00
	London	7:00	15:00	6:00	14:00
America	New York	13:00	21:00	12:00	20:00
America	Chicago	14:00	22:00	13:00	21:00

Best times to trade

The forex market is most active when the various markets of Tokyo, London and New York are overlapping especially since these 3 financial centers take up more than 70% of the currency market. These overlaps are the best times to trade as it means that the biggest volumes of the currency will be traded.

These are the times when the markets overlap:

New York/(London)— 8:00 am/(12:00 noon) EST
Sydney / (Tokyo) — 7:00 pm/(2:00 am) EST
London / (Tokyo) — 3:00 am/(4:00am) EST

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