As a trader, another important things to know is, when to trade.
The Busiest Forex Market Hours WorldWide
In total, there are 15 independent Forex exchanges worldwide, open five days a week, from Monday to Friday.
They have four exchanges are considered the busiest and most established exchanges which is can take advantage of and generate huge profits.
- London – 3 am to 12 pm
- Singapore – 3 pm to 12 am
- New York – 8 am to 5 pm EST
- Tokyo – 7 pm to 4 am EST
Taking Advantage of Forex Trading Hour Overlaps
When trading hours overlap there will be more currency movements because there are more traders in the market. And when there more currency movements that’s where Forex trends become evident. During these hours, you have to be alert studying situations as they unfold and grabbing all earning opportunities that come your way.
From the established trading schedules of the four busiest financial centers, the overlap of London and New York sessions is the most ideal timespan for trading. These two sessions overlap from 8 am to 12 pm. Another overlap with the London session is observed with the Tokyo session beginning at 3 am EST and ending at 4 am EST. The third desirable overlap occurs between the Sydney and Tokyo sessions from 7 pm to 12 am EST. Altogether, these overlaps are the most desirable trading periods.
Those new to Forex should take the time to memorize the ideal Forex trading hours before making their first trade. For new trader, practice at least 2 month with demo account before investing any real money into this market. By practice using demo programs will help to get necessary skills. Doing some basic research and taking the time to hone your skills will ensure a greater chance of success trading on the Forex Market.