The best forex trading hours tend to occur when the market is busiest. So if you enter the market when it is active, then there will be a lot of buyers and sellers available to do business. In addition, you will be able to get a low forex spread due to high competition in particular indexes. Therefore, you are more prone to earn better money as a facilitator trades in more minor amounts.
In addition, the best forex trading hours do change as per the current location. But don’t, as today we will share everything you need to know about forex trading hours.
So let’s dive straight into the business.
Where to find major stock exchanges?
The major stock exchanges are found in New York, Sydney, Tokyo, and London. However, if you do forex trading international, you need to remember the time zones of these locations to sell when their forex exchanges intersect.
In addition, if more than one forex exchange opens at the same time. Then the trade volume will increase and further the competition. This will lead to low forex spread and add volatility. However, the latter can boost your forex trading and generate more payoff opportunities for you.
What are the best forex trading hours worldwide?
The forex industry around the globe is fully functional between Sunday 5 pm to Friday 5 pm. However, these timings are according to Eastern Standard Time (EST). However, every stock exchange has its trading hours from Monday to Friday. Therefore, we are giving you the four best forex trading hours around the world. They are:
- The best trading hours to do forex marketing in New York lies between 8 am to 5 pm (EST).
- In Sydney, forex trading is most active between 5 pm to 12 am (EST).
- The Tokyo forex exchange found the highest competition between 7 pm to 4 am (EST).
- Try to wake up early as the London forex exchange hits the chart between 3 am to 12 pm (EST).
Best low spread forex trading hours
Every forex exchange works independently of others. However, they all do business in similar currencies. Therefore, when two forex exchanges open simultaneously, the number of forex buyers and traders increases for a particular currency. That’s why the timings of one forex market do impact the performance of another market.
Thereby, we list the best forex trading hours that promote the low spread and increase volatility to your business. They are
- Both London and New York forex markets are open from 8 am till 12 pm (EST).
- Both Sydney and Tokyo forex industries are available from 7 pm till 2 am (EST).
- Both London and Tokyo stock exchanges are open from 3 am to 4 am (EST).
As you see from the above data that New York has been operational for more than 20 hours. So use this schedule to do most of your forex trading because this market includes the highest USD trading and adds 90% of all the currency trades worldwide.
The Bottom Line
We have discussed the best trading forex hours with you. Use these schedules to do more efficient trading and earn well.