Forex, also known as foreign exchange, is the largest decentralized market in the world. It operates 24 hours a day, five days a week, and is accessible from any part of the world. However, knowing when the markets open in your time zone is essential for traders, as it determines the best time to trade currencies.
The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each session has its unique characteristics and trading hours. The trading hours of these sessions are different depending on the time zone, and traders should adjust their trading schedules accordingly.
When do markets open in central standard time forex?
The central standard time (CST) is the time zone that is six hours behind Coordinated Universal Time (UTC-6). It is the time zone used in most of North America, including the United States, Canada, and Mexico. The forex market opens on Sunday at 5 pm CST and closes on Friday at 4 pm CST.
The Sydney session is the first session to open, and it starts at 3 pm CST on Sunday. The Sydney session is considered the least volatile session, and trading activity is relatively low compared to other sessions. However, some traders prefer to trade during the Sydney session because it offers a good opportunity to trade the AUD and NZD currencies.
The Tokyo session starts at 6 pm CST and overlaps with the Sydney session for two hours. The Tokyo session is known for its high volatility, and the Japanese yen is one of the most traded currencies during this session. Traders who prefer to trade the yen should focus on the Tokyo session.
The London session starts at 2 am CST and overlaps with the Tokyo session for two hours. The London session is considered the most active session, and it is responsible for more than 30% of the total daily trading volume. The GBP, EUR, and CHF currencies are the most traded currencies during the London session. Traders who prefer to trade these currencies should focus on the London session.
The New York session starts at 7 am CST and overlaps with the London session for four hours. The New York session is the last session to close, and it is responsible for more than 20% of the total daily trading volume. The USD is the most traded currency during the New York session, and traders who prefer to trade the USD should focus on this session.
Knowing when the markets open in your time zone is essential for forex traders. Traders should adjust their trading schedules according to the trading hours of the four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. The forex market opens on Sunday at 5 pm CST and closes on Friday at 4 pm CST. Traders should focus on the session that fits their trading style and preferences.