Forex Market Hours

Author: Joel Teo

The Forex trading market is unlike some of the other trading
markets. The Forex market stays open and moving twenty four
hours a day.This allows the traders to trade at any time, and
the long waits until the market opens do not happen in Forex
like they do in the stock market. One thing that successful
traders will learn, however, is the right, or optimum, time to
make the trade. This aspect of the market hours is very crucial
to a market trader in terms of success.

The Forex market may stay open twenty four hours a day but it
is better to trade when the market is active, as there is more
activity and chances to make a profitable trade during the
active times of the market. An active market translates into a
bigger volume of trades. This means that there are more active
currency moves when the market is active, and this will create a
better chance of catching a trade that makes a profit. When the
market is very calm and slow, most Forex traders consider it a
waste of their time to trade.

The Forex market is open around the clock, and this is because
the four major Forex markets are open at different times. The
major markets are the New York market, the Tokyo market, The
Sydney market, and the London market. The New York market is
open from eight in the morning to five in the afternoon Eastern
Standard Time. The hours for the Tokyo market are from seven in
the evening to four in the morning Eastern Standard Time, and
for the Sydney market they are from five in the evening to two
in the morning Eastern Standard Time. The London market hours
are from three in the morning until noon Eastern Standard Time.
This means that both the New York and London markets are open
from 8 a.m. until noon EST, the Sydney and Tokyo markets are
open from 7 p.m. until 2 a.m. EST, and the London and Tokyo
markets are open from 3 a.m. until 4 a.m. EST. The times when
these markets overlap, and are open at the same time, there is
the highest volume of trades and the best chance to realize a
profitable trade.

The Forex market is open twenty four hours a day, but specific
markets have set trading times. The four main markets in Forex
are London, Tokyo, New York, and Sydney. By understanding the
specific hours each market trades, a Forex investor can make a
better profit from trading currencies. The times that are
overlapping between these markets offer the best chances for
great trades in the Forex market. This is because the market is
more active with a greater volume of trade, which translates
into more profitable trades.

Copyright © 2007 Joel Teo. All rights reserved.

About The Author: Joel Teo writes on various financial topics
including Las Vegas Real Estate. Learn more about Las Vegas Real
Estate Investing at http://www.realestateinvestment101.info