Trading on the forex market is open 24 hours a day, 5 days a week. This is a long time period for the investment business category. You could say the forex market never sleeps in 5 days full time without resting and closing.
For business people including traders this is a very promising golden opportunity to reap maximum profits. Because traders can make non-stop trading transactions and have the opportunity to double their profits at any time in 5 days.
But like any traditional traditional market, there are times when every market is busy. Sometimes there are times when it’s quiet. There are days when the market is full of traders and the time when the market is quiet by traders. There are certain months where visitors really exceed market capacity. So the insight into the time and hours in which an active market and passive market are needed is very important for every trader who will start trading.
On the other hand, one of the advantages of the forex online trading market. You can adjust the trading time according to the needs and time you have to trade forex.
Market Time (Market Hours)
First we must know that in forex trading this market time is divided into several major trading sessions, namely the Asian Session (Tokyo Market), European Session (London Market), and the American Session (New York Market).
Consider the following table regarding market hours
|Market Session||Jakarta GMT +7||EST||GMT|
|Sydney Open||5:00 a.m.||5 PM||10:00 PM|
|Sydney Close||12:00 noon||2:00 AM||07:00 AM|
|Tokyo Open||7:00 a.m.||07:00 PM||12:00 AM|
|Tokyo Closed||2:00 a.m.||4:00 AM||09:00 AM|
|London Open||2:00 a.m.||03:00 AM||08:00 AM|
|London Close||10:00 a.m.||12:00 PM||5 PM|
|New York Open||7:00 a.m.||08:00 AM||12:00 PM|
|New York Closed||3:00 a.m.||5 PM||10:00 PM|
From the picture above, it can be seen that the clock closes and opens, connecting each other, there are even some overlapping sessions. Naturally, when two markets are open, the volume of automatic trade transactions will be greater and price movements will be more dynamic. Especially when the European and American markets.
The following forex market sessions:
- Asian Market Session
- European Market Session
- American Market Session
- The best time for forex trading