Forex is a 24hr market starting from Monday through Friday (in many places from Sunday evening to Friday because of the time difference). But if you are a regular trader you need to know a little more about this like when exactly the trading starts in your area and what are the best trading hours to enter the forex market. In this article we explain you this exactly.

The business week begins in Australia running through Japan, London and ends in New York at 4PM EST. time (New York time). But Once the forex market closes in New York it is again 8AM in Australia Sydney so the Australian market starts again. This continues until the end of the week that’s why forex is a 24hrs market. When trading begins at 8 AM Monday in Sydney in Australia it is 5 PM Sunday in New York. It is 10 PM Sunday in London. So for people in Australia the trading begins at 8 AM on Monday in Australia time but for People in New York at 5 PM on Sunday they see the market movements.

You can check the following image that shows you the forex market timings for different major forex hours. You can see that the market is 24 hrs. The following image is based on the eastern timings.

Forex Trading Hours and Best Forex Trading Timings Showing In Yellow Color

So you can do trading 24 hrs of a day. But if you are primarily a day trader, where you will be in the forex trading only for some time and not for a long time, you need to know the forex trading hours where there will be a high liquidity and a very fast moving market. In some particular forex trading hours the forex market moves very fast in one direction either up or down and if you enter the market in that particular direction in those forex trading hours you can stay only a few hours in the forex market but you can get more profit than any other forex market trading hours.

For example the EURUSD average movement in a day is 100 pips. But out of these 100 pips the market moves for 80 pips happen just in a couple of hours and for the other forex trading timings, it mostly remains calm.

So it is very important for you to know the best forex trading hours that involve high liquidity and fast market movements. This is generally the overlap of the forex market hours of the two busiest forex markets which are New York and London. This overlap happens when the New York forex market opens which is 8 AM in New York time (Eastern Time). When the New York forex market opens it is 1PM in London and the London market is still open. The London market closes at 4 PM in their time which 11 AM in New York time (Eastern Time). So from 8 AM EST (New York Time) to 11 AM EST (New York Time) forex hours the overlap exists and there will be a very high liquidity and the market moves very fast. In the above image the overlap is indicated in Yellow color. The market in one direction follows the same direction and forex movements are very fast and market follows the same direction. This happens 80% of the time and you bet.

If you are a long term trader and not a day trader then you don’t need to worry about these timings as your trading will be mainly based on other things and not on the liquidity or fast forex movements. Also if you are using a forex robot which does your trading automatically then also you don’t need to worry about all of the above things.