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.

*********** New release ************

Back by popular demand for 2015:

Where only 30 VIP attendees will learn to master the art Forex trading

Book your VIP seat now!


Related QA

BombazInt asked:
Hi Timon..Are you familiar with this broker called CM Trading??.Whats your take on their trustwortiness??Also compared to other brokers which broker [read more]
Published at 06 Dec. 2017 in: Forex Forex trading 1 Answer
barbaramagwaza5 asked:
1.Good Morning Timon, I would like to know if I have ordered a book like Forex 101 etc, does it get physically delivered to me or? 2. When I have [read more]
Published at 06 Nov. 2017 in: Forex Barbaramagwaza5 1 Answer
pearlyhabib asked:
Hi Timon, I registered for the Webinar held on 30 September 2017 - How to turn R10,000 into R87,400 in just two hours. When i tried to access the [read more]
Published at 04 Oct. 2017 in: Forex Trading webinar 1 Answer
rakhabeletsi asked:
I have 1 year loosing money i cant seem to be making progress on this forex thing and investing on penny stocks so i believe if i could have a mentor [read more]
Published at 03 Oct. 2017 in: Forex Wealth creation 1 Answer
henry.bc asked:
I subscribe to GT247 and Easy Equities but what charting platform would you recommend to do or track the profit patterns on? [read more]
Published at 30 Sep. 2017 in: Forex 2 answers

Related articles:




Youtube Twitter Facebook

Connect with us:    

  • Accelerated Investor
  • Accessories
  • Accountancy
  • Accountancy services