Trading sessions

Forex trading hours are 24/5. On weekends and holidays, the volume of trades significantly decreases because banks, stocks, and funds are closed. The forex market is open for trading 24 hours a day because of the geographical factor. There are 4 basic regions – Asian, Pacific, European and American. Therefore, when one region is closing for the day, another is opening. Below you can see the market hours in Greenwich time – UTC/GMT.

Region/City Open Close Current Time Status
AMERICA
Chicago
17:00 01:00 14:36 Closed
New-York
16:30 23:00 14:36 Open
ASIA
Singapore
03:00 11:00 14:36 Closed
Hong Kong
04:00 10:00 14:36 Closed
Tokyo
02:00 08:00 14:36 Closed
EUROPE
Moscow
09:00 17:50 14:36 Open
London
10:00 18:30 14:36 Open
Frankfurt am Main
10:00 21:00 14:36 Open
PACIFIC
Sydney
00:00 08:00 14:36 Closed
Wellington
01:00 07:45 14:36 Closed

When you understand the trading schedule, your forecasts can be more profitable. Markets are generally open 9 hours on weekdays. However, trading sessions overlap at certain times, which can significantly increase the volatility and volume of trades during these hours. The overlap with Europe and America is from 12 a.m. to 4 p.m., with Europe and Asia from 7 a.m. to 8 a.m., and with Asia and the Pacific from 11 p.m. to 4 a.m.