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WISDOM NUGGETS
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Forex Market
- Opens on Sunday night by 21:00 GMT
- Closes on Friday by 21:00 GMT
Trading sessions according to GMT (Greenwich Mean Time):
| Region | City | Open (GMT) [GMT + 1] | Close (GMT) [GMT +1] |
| Europe | London | 7:00 am [8.00 am] | 4:00 pm [5.00 pm] |
| Frankfurt | 6:00 am [7.00 am] | 3:00 pm [4.00 pm] | |
| America | New York | 12:00 pm [1.00pm ] | 9:00 pm [10.00 pm] |
| Chicago | 1:00 pm [2.00pm ] | 10:00 pm [11.00 pm | |
| Asia | Tokyo | 12.00 am [1.00 am ] | 9:00 am [10.00 am] |
| Hong Kong | 12:00 am [1.00 am ] | 9:00 am [10.00 am] | |
| Pacific | Sydney | 9:00 pm [10.00 pm] | 6:00 am [7.00 am] |
| Wellington | 9:00 pm [10.00 pm] | 5:00 am [6.00 am] |
Last Sunday in March to last Sunday in October = GMT + 1 ..(i.e. Mar - Oct) - BST
Last Sunday in October to Last Sunday in March = GMT = (i.e. Oct - Mar)
Trading sessions according to EST (Eastern Standard Time):
| Region | City | Open (EST) | Close (EST) |
| Europe | London | 3:00 am | 12:00 noon |
| Frankfurt | 2:00 am | 11:00 am | |
| America | New York | 8:00 am | 5:00 pm |
| Chicago | 9:00 am | 6:00 pm | |
| Asia | Tokyo | 7:00 pm | 4:00 am |
| Hong Kong | 8:00 pm | 5:00 am | |
| Pacific | Sydney | 5:00 pm | 2:00 am |
| Wellington | 5:00 pm | 1:00 am |
Need to know how GMT converts to Eastern Time (EST or EDT)?
| EST | EDT | GMT | |||
|---|---|---|---|---|---|
| 01:00 | 1.00am | 02:00 | 2.00am | 06:00 | 6.00am |
| 02:00 | 2.00am | 03:00 | 3.00am | 07:00 | 7.00am |
| 03:00 | 3.00am | 04:00 | 4.00am | 08:00 | 8.00am |
| 04:00 | 4.00am | 05:00 | 5.00am | 09:00 | 9.00am |
| 05:00 | 5.00am | 06:00 | 6.00am | 10:00 | 10.00am |
| 06:00 | 6.00am | 07:00 | 7.00am | 11:00 | 11.00am |
| 07:00 | 7.00am | 08:00 | 8.00am | 12:00 | Noon |
| 08:00 | 8.00am | 09:00 | 9.00am | 13:00 | 1.00pm |
| 09:00 | 9.00am | 10:00 | 10.00am | 14:00 | 2.00pm |
| 10:00 | 10.00am | 11:00 | 11.00am | 15:00 | 3.00pm |
| 11:00 | 11.00am | 12:00 | Noon | 16:00 | 4.00pm |
| 12:00 | Noon | 13:00 | 1.00pm | 17:00 | 5.00pm |
| 13:00 | 1.00pm | 14:00 | 2.00pm | 18:00 | 6.00pm |
| 14:00 | 2.00pm | 15:00 | 3.00pm | 19:00 | 7.00pm |
| 15:00 | 3.00pm | 16:00 | 4.00pm | 20:00 | 8.00pm |
| 16:00 | 4.00pm | 17:00 | 5.00pm | 21:00 | 9.00pm |
| 17:00 | 5.00pm | 18:00 | 6.00pm | 22:00 | 10.00pm |
| 18:00 | 6.00pm | 19:00 | 7.00pm | 23:00 | 11.00pm |
| 19:00 | 7.00pm | 20:00 | 8.00pm | 00:00 | Midnight |
| 20:00 | 8.00pm | 21:00 | 9.00pm | 01:00 | 1.00am |
| 21:00 | 9.00pm | 22:00 | 10.00pm | 02:00 | 2.00am |
| 22:00 | 10.00pm | 23:00 | 11.00pm | 03:00 | 3.00am |
| 23:00 | 11.00pm | 00:00 | Midnight | 04:00 | 4.00am |
| 00:00 | Midnight | 01:00 | 1.00am | 05:00 | 5.00am |
Important Info
The best hours for trading the forex markets, no matter your method, are during the London and US session overlap.
The markets are full of active participants during these hours and the currencies really move.
For the most part, even the larger fundamental news comes out during these times.
Trading during these hours is your best chance to get in while the market is making decisive moves and it will be your best chance to score quick profits.