When Can You Trade Forex?

Thank you for learning forex market basics! Now that you know how to identify forex market participants, lets talk about when forex traders trade. Like the forex market itself, forex trading times are known by very few people due to reasons of security and privacy, but what you are about to learn is general knowledge on forex market hours.

Before the forex market opened its doors to forex trading in 1975, most forex traders took place during European and American business hours. The forex markets global reach has allowed forex trading to take place 24/5 for forex traders looking to maximize their potential returns.

Forex Trading Sessions

In forex trading time, forex trading sessions for stock markets are typically based on a GMT-6 to GMT-0 schedule. For forex trading, forex trading sessions can range from four hours long to over 20 depending on the forex market events affecting the forex industry that particular day. There are some important sessions are available in the forex trading market. You have to find out your targeted trading session by making a proper analysis of your tradeable currency pairs and other stock assets.  We will discuss the Tokyo, New York, London session here. Lets start with the Tokyo session.

Tokyo Session

Forex trading hours for the forex market in Tokyo are typically 2:00 AM to 12:00 PM EST (GMT-5). The forex trading day for Tokyo begins with forex traders looking at the NFP Employment Situation numbers set to be released at 8:30 AM EST.

London Session

London is one of the most important cities in the world. There are a lot of political issues created from this city that is why this city is also important for trading. London Session in forex trading hours for the forex market in London is typically 8:00 AM to 4:00 PM EST (GMT-5). The forex trading day for London begins with forex traders looking at new data releases like Gross Domestic Product and Unemployment Claims that will be released at 7:30 AM EST.

New York Session

Welcome to the wonderful world of currency trading, New York! The concrete jungle where forex dreams are made of! As Asia and Europe have shown, the United States is one of the worlds top financial centers, so it undoubtedly sees a lot of action. You have to keep your one eye on the London session to become successful in your professional trading career.