Lesson 14: What are the best times of day for trading forex?
Forex Market Time Converter
Time and date: 06:40 PM 16-January-2020 GMT
Click on a time zone for Daylight Saving Time (DST) transition dates and times.
The Forex Market Hours Converter assumes local "wall clock" trading hours of 8:00 AM - 4:00 PM in each Forex market.
Holidays not included.
Not intended for use as an accurate time source. If you need the precise time, see http://www.time.gov.
Please send questions, comments, or suggestions to [email protected]
How to use the Forex Market Time Converter
The forex market is available for trading 24 hours a day, five and one-half days per week.
The Forex Market Time Converter displays "Open" or "Closed" in the Status column to indicate the current state of each global Market Center. However, just because you can trade the market any time of the day or night doesn't necessarily mean that you should.
Most successful day traders understand that more trades are successful if conducted when market activity is high and that it is best to avoid times when trading is light.
Here are some tips for using the Forex Market Time Converter:
- Concentrate your trading activity during the trading hours for the three largest Market Centers: London, New_York, and Tokyo.
- Most market activity will occur when one of these three markets open.
- Some of the most active market times will occur when two or more Market Centers are open at the same time.
The Forex Market Time Converter will clearly indicate when two or more markets are open by displaying multiple green "Open" indicators in the Status column.