Forex trading is a decentralized and global market that operates 24 hours a day, five days a week. In this article, we will discuss the hours of forex trading around the world.
Forex trading involves the buying and selling of currencies. It is the largest and most liquid financial market in the world with an estimated daily turnover of $6.6 trillion. The market is open 24 hours a day, five days a week, enabling traders to participate in trading from anywhere in the world.
The forex market is divided into three main trading sessions, which are the Asian, European, and North American sessions. Each of these sessions has its own unique characteristics and trading hours.
Asian Trading Session
The Asian trading session is the first to open and is known as the Tokyo session. It starts at 7 pm EST on Sunday and runs until 4 am EST on Monday. The Tokyo session is known for its low volatility, and the currency pairs that are most active during this session are the JPY and AUD.
The second part of the Asian trading session is the Hong Kong and Singapore session, which starts at 9 pm EST and ends at 6 am EST. These sessions are known for their high liquidity and volatility, and the currency pairs that are most active during this time are the JPY, AUD, and NZD.
European Trading Session
The European trading session is the second major session and is known as the London session. It starts at 3 am EST and runs until 12 pm EST. The London session is the most active and volatile session, and it is the time when most of the major economic announcements are released. The currency pairs that are most active during this session are the EUR, GBP, and CHF.
The second part of the European trading session is the Frankfurt session, which starts at 2 am EST and runs until 9 am EST. The Frankfurt session is known for its high liquidity and volatility, and the currency pairs that are most active during this time are the EUR, GBP, and CHF.
North American Trading Session
The North American trading session is the third and final session of the day, and it is known as the New York session. It starts at 8 am EST and runs until 5 pm EST. The New York session is the second most active and volatile session, and it is the time when most of the major economic announcements from the US are released. The currency pairs that are most active during this session are the USD, CAD, and MXN.
The second part of the North American trading session is the Chicago session, which starts at 9 am EST and runs until 2 pm EST. The Chicago session is known for its high liquidity and volatility, and the currency pairs that are most active during this time are the USD, CAD, and MXN.
Conclusion
In conclusion, the forex market is a global market that operates 24 hours a day, five days a week. The market is divided into three major trading sessions, which are the Asian, European, and North American sessions. Each of these sessions has its own unique characteristics and trading hours. Traders can participate in trading from anywhere in the world and take advantage of the liquidity and volatility of the forex market.
