Most Suitable Forex Trading Times - When It Is Actually Recommended To Be Active In Currency Markets?

So what are the best forex trading times? The forex market is open 24 hours a day throughout the business week, but this does not automatically mean that all of those 24 hours are good for buying and selling. There is significantly more action on the foreign exchange markets at certain times of the day and generally the most beneficial times to benefit from trading are when the markets are most active.

The 2 largest trading floors for forex are London and the US markets. Although the UK does not use the euro, most euro lands are within 1 hour time difference from the UK, as is Switzerland. US time zones also come with Canada. Thus the London session and the US session in between of them cover most of the major currencies that are traded.

The London session starts at 8.00 UTC and ends at 4 p.m. UTC. The currency pairs that are most busily traded during this session are the EUR, GBP and USD which is engaged in the majority of all trades.

The US session gets started at 1 p.m. UTC (8.00 EST) and finishes at 22.00 UTC (17.00 EST). The most actively traded forex crosses during these times involve the US Dollar, EUR, GBP, AUD, JPY and the Canadian Dollar.

The most active trading time, as you could suppose, is in the three hours when these two sessions overlap and the markets are active in both the UK and the US. This period runs from 1 p.m. to 4 p.m. UTC (8 a.m. to 11.00 EST).

If you like to let your orders run over several days it may not make that much difference to you being aware of the busiest times on the exchanges. But if you are engaged in currency day trading where you might open and close a trade within a few minutes, you will find most opportunities coming up within the busiest hours.

If you are involved in a forex cross, i.e. a forex pair that does not include the US dollar, you may have another window of time when the financial centers in both countries are open for trading.

For instance if you were trading AUD/JPY you might find that market activity was sufficiently active during what is called the Asian session. The Australian and Japanese trading hours are pretty close and on a day when activity was expected you might find some profitable trades within the overlap. However, typically this is a slower trading session for virtually all currencies.

Therefore the best time for most forex traders is during that three hour window in the morning in the United States and the afternoon in the United Kingdom and Europe, when the markets are most active on both sides of the Atlantic. Trading can be chaotic during those hours, there is maximum volatility and the currencies move far and fast. A lot of the important financial news is broadcasted during this period too, mainly toward the beginning. So these hours are the best currency trading times if you want to seize quick profits.

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