Forex trading uncovered: When to trade the market that never sleeps

Julie Brownlee, Fsp Invest, 10 Apr. 2015

Tags: forex, trading forex, forex market, forex market trading times, when to trade forex, best times to trade forex,



The forex market is open for trading 24-hours a day, five days a week. This means you can trade forex anytime from the early hours on a Monday morning until late on a Friday evening.

So how does this work? And are there optimum times to trade?

Read on to find out…



The trading hours of the forex market


Apart from the weekends, the forex market is open for trading. This means for the majority of the time, traders are busy buying and selling currencies across the world.

At the start of the week, the forex market opens for trading in New Zealand. As the day rolls on, other markets open heading east across the globe. The last country to begin trading is the US. And this is where trading ceases at the end of the week.


The best times to trade forex


One of the best times to trade forex are when there are at the highest levels of liquidity in the market. These are when the markets in Tokyo and London overlap and when the market in London and the US overlap.

This is when you’re most likely to see the biggest moves in currencies. This is from 9am until 10am and from 3pm until 7pm.

The most important markets are in the UK (trades from 9am to 7pm) and the US (trades from 3pm to midnight). These two markets account for more than half of the trading that takes place on the forex market.

Being in South Africa means you’re in a great position to take advantage of these markets. And during trading hours in SA there’s generally high liquidity and volatility. Especially in the afternoon as the US begins trading.

So if you’re looking for the best trading opportunities, concentrate on these times. But as the market never stops trading during the week and is highly liquid, you should always be able to find trading opportunities.

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