Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at any time of the forex session times or night.
However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader. So, when should one consider trading and why? The best time to trade is when the market is the most active and therefore has the biggest volume of trades. Actively traded markets will create a good chance to catch a good trading opportunity and make profits. Live Forex Market Hours Monitor:Reviewed, improved and updated on August 24, 2012.
USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours you’ll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market. Market Hours Monitor to identify trading sessions. If you haven’t chosen a Forex broker yet, we recommend Forex brokers comparison to aid your search. Download Free Forex Market Hours Monitor v2. This is a simple program aligned to Eastern Standard Time. Time zone option is added for most of North American and European countries.
Forex trading is a high risk investment. All materials are published for educational purposes only. GMT and EST hours for trading Forex Forex market welcomes traders 24 hours a day. It is obvious that the market usually moves in a narrow range during Sydney and Tokyo session, and it ofen moves powerfully during London and New York session, so we have to take different strategies during different sessions. This indicator is designed to draw each session with color lines. LocalGMT: it is the GMT offset of your local time zone. BrokerGMT: it is the GMT offset of the broker’s MT4.