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What hours can i trade forex on ig?

Forex trading is a 24/5 market that allows traders to buy and sell currencies around the world. It is one of the most liquid and volatile markets in the world, with over $5 trillion worth of trades taking place every day. If you want to trade forex on IG, it is important to understand the hours of operation.

IG is a leading online forex broker that provides access to over 80 currency pairs. The platform is user-friendly and offers a variety of trading tools, including charts, indicators, and news feeds. Here are the hours you can trade forex on IG.

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Forex Trading Hours on IG

The forex market is open 24 hours a day, 5 days a week. However, not all hours are created equal. The market is divided into three main trading sessions: Asian, European, and American.

The Asian session starts at 10 pm GMT on Sunday and ends at 9 am GMT on Friday. This session is characterized by low volatility and low trading volumes. The major currencies that are traded during this session are the Japanese yen, Australian dollar, and New Zealand dollar.

The European session starts at 7 am GMT and ends at 4 pm GMT. This session is the most volatile and active of the three sessions. The major currencies that are traded during this session are the euro, British pound, Swiss franc, and the Scandinavian currencies.

The American session starts at 12 pm GMT and ends at 9 pm GMT. This session is less volatile than the European session but is still active. The major currencies that are traded during this session are the US dollar, Canadian dollar, and the Mexican peso.

IG Trading Hours

IG offers 24/5 trading on forex, which means that you can trade forex from Sunday night to Friday night. However, there are some exceptions to this rule. Here are the IG trading hours for forex:

Asian session: You can trade forex on IG during the Asian session from 11 pm GMT on Sunday to 10 am GMT on Friday.

European session: You can trade forex on IG during the European session from 7 am GMT to 9 pm GMT.

American session: You can trade forex on IG during the American session from 12 pm GMT to 9 pm GMT.

Weekend trading: IG also offers weekend trading on forex. You can trade forex on IG from 8 am GMT on Saturday to 10 pm GMT on Sunday.

It is important to note that the trading hours may be subject to change due to holidays or other events. IG will notify traders in advance of any changes to the trading hours.

Trading Strategies for Different Sessions

The different trading sessions offer different opportunities and challenges for traders. Here are some trading strategies for each session:

Asian session: This session is best for traders who prefer low volatility and are willing to hold positions for longer periods. The best currency pairs to trade during this session are the yen crosses, AUD/USD, and NZD/USD.

European session: This session is the most volatile and active of the three sessions. Traders who prefer short-term trading and high volatility should focus on this session. The best currency pairs to trade during this session are the euro crosses, GBP/USD, and USD/CHF.

American session: This session is less volatile than the European session but is still active. Traders who prefer short-term trading can focus on this session. The best currency pairs to trade during this session are the USD crosses, CAD/USD, and MXN/USD.

Conclusion

Forex trading on IG is available 24/5, but the trading hours may vary depending on the session. The Asian, European, and American sessions offer different opportunities and challenges for traders. It is important to understand the trading hours and develop a trading strategy that suits your trading style. With IG, traders can access a variety of trading tools and educational resources to help them succeed in the forex market.

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