Finding The Best Forex Trading Hours For Better Forex Trading Result

By Silvia Harman 

forex trading hours

Forex trading in the flourishing foreign exchange (Forex) market which opens round the clock from Monday to Friday every week is appealing to many people in the world. Without a doubt, the market offers abundant money making opportunities. We can notice Forex market also provides us some sweet Forex opportunities several times a day. It is possible as there are some good events such as economic data release and any political news every day. They are some of market moving factors which are valuable for every savvy trader.

However, Forex market does not always present good trading chances in every trading hour. As general rule, 70% of trading time is non-trending market and 30% of it is trending market. Now it depends on each trader's goals and styles. If a trader prefers scalping trade in choppy market then he or she has 70% trading opportunities in a day. And if a trader loves to implement trend following Forex trading strategy then as the result he or she should be more patient as he or she only has 30% of time of each trading day.

Whatever your goals and styles, the most important thing is right timing. Timing is important in every business and it is true in Forex trading as well moreover when you use margin. Imagine if you buy a certain currency pair at early time of opening New Zealand market. You will likely need to wait for more than 7 hours to see your trading position starts on generating some profit. It will not be a problem for swing traders but if you are a scalper it does mean you waste a lot of your time.


Therefore pay attention to Forex trading hours. In general, Forex market opens on Sunday at 22.00 GMT and closes on Friday at 22.00 GMT. As there are four major trading sessions in Forex market i.e. Australian Trading Session, Asian Trading Session, London Trading Session and New York Trading Session, you need to know which trading sessions present good trading opportunities.

The best Forex trading hours is obviously London Trading Session which opens daily from 08.00 GMT until 18.00 GMT. London market is the biggest Forex market and consequently it is, along with European market, the busiest trading hours. In addition to this fact, there are some important events and data released during London Trading Session. This trading session is the favorite of most traders in the world. So now you should set your trading plan with right timing as your preparation to get money making opportunities during the best Forex trading hours.

See other articles about  Forex Option Trading and Trading Forex

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