Forex Trading Hours: The Complete Guide

Forex trading is a 24-hour-a-day financial market that enables traders from all over the world to invest in various currency pairs. Trading on the forex market can be rewarding, but it can also be challenging. One of the most important things to know is when it's the best time to trade. In this article, we will explain everything you need to know about forex trading hours.

What Are Forex Trading Hours?

Forex trading hours refer to the time periods during which forex market participants can buy, sell or trade currencies. The forex market is open 24 hours a day, five days a week, from Sunday at 5:00 PM Eastern Time until Friday at 5:00 PM Eastern Time. During this time, trading takes place around the world, starting in Sydney, then Tokyo, London and finally New York.

Forex Trading Sessions

The forex market is divided into four major trading sessions that overlap each other and create periods of high liquidity and volatility. The four main trading sessions are:

Please note that these hours are approximate and can vary depending on daylight saving time changes.

Major Currency Pairs' Trading Hours

Not all currency pairs are traded with the same volume or frequency. Some pairs are more actively traded than others, so the trading hours for particular pairs may differ. Here are the trading hours of the most popular currency pairs:

Why Is Trading During The Right Session Important?

Choosing the right trading session can significantly affect your trading outcomes. Each trading session has unique trading characteristics that make it suitable for certain trading strategies. For instance:

Best Time To Trade Forex

The best time to trade forex varies depending on your preferred trading strategy, risk appetite, and personal schedule. Generally, the best time to trade is when two trading sessions overlap, creating a period of robust market activity and volatility. The overlap between the London and New York sessions (from 1:00 PM to 5:00 PM GMT) is widely considered the best time to trade since the market is the most active and volatile. However, if you prefer to trade a more stable market without extreme fluctuations, the Asian or the European sessions may be a better choice.

Forex Trading Hours And Holidays

Forex trading is closed on weekends, but some national holidays and events can also affect trading hours. For instance, when the United States celebrates Thanksgiving on November's fourth Thursday, the forex market closes on Thursday afternoon and opens later on Friday morning. Also, during the end-of-year holidays, trading volumes tend to be lower due to traders taking time off.

Forex Trading Hours By Region

Forex trading is a global market, but different regions have their unique trading sessions. Here is a breakdown of forex trading hours across different regions:

Trading Session Strategies

Each trading session requires a different approach, and traders must adjust their strategies accordingly to maximize their profits and minimize their risks. Here are some popular trading session strategies:

The Sydney and Tokyo sessions are characterized by lower liquidity and volatility levels, which make them suitable for traders who prefer more extended timeframes. Here are some strategies that work well for these sessions:

As the most active session, the London session generates more market volatility and liquidity than the other trading sessions. Traders who operate during this session usually use more aggressive trading styles, such as:

The New York session is less volatile than the London session, but it is more active than the Tokyo and Sydney sessions. Here are some trading strategies that work well during the New York session:


Forex trading hours are essential to know when trading currency pairs. Being aware of the different trading sessions can help traders understand the market's behavior during specific periods and structure their trading strategies accordingly. Trading during the right sessions can increase the likelihood of success and profits. Remember, a trading session's characteristics depend on various factors, so it's always essential to stay up-to-date and adjust your strategies based on the current market conditions. With this guide, you'll be able to make more informed trading decisions and stay ahead of the competition. Happy trading!