FOREX TRADING DAYS

In this article we are going to be looking at the forex trading days Yes, it is true that the forex market is open 24 hours a day, but that doesn’t mean it’s always active the entire day. 

You can make money trading when the market moves up, and you can even make money when the market moves down. 

BUT you will have a very difficult time trying to make money when the market doesn’t move at all. 

We will be discussing about the forex trading days/session yeah, you heard me right Session I said.....

Forex Trading Days:

Before looking at the best times to trade, we must look at what a 24-hour day in the forex world looks like. 

The forex market can be broken up into four major trading sessions:

the Sydney session, the Tokyo session, the London session, and the New York session. 

Historically, the forex market has three peak trading sessions.

Traders often focus on one of the three trading periods, rather than attempt

to trade the markets 24 hours per day.

This is known as the “forex 3-session system”.

These sessions consist of the Asian, European, and North American sessions, which are also referred to as the Tokyo, London, and New  York sessions. 

Some traders prefer to differentiate sessions by names of the continent, other traders prefer to use the names of  the cities.

Quick Tip: DID YOU KNOW? The combined share of the top four trading

centers, which includes London, New York, Singapore, and Hong Kong amounts to 75% of global FX turnover.

The International Dateline is where, by tradition, the new calendar day

starts.

Since New Zealand is a major financial center, the forex markets open

there on Monday morning, while it is still Sunday in most of the world.

Even though trading starts in New Zealand, it’s still called the Sydney session. Makes no sense but we don’t make the rules. 

Until Friday, there is no time during the week when the market formally closes, although there is a brief lull in activity between about 19:00 and 22:00 GMT when most American traders have gone home and most Kiwi

and Aussie traders are getting ready for work.

Other than the weekends, there are just two public holidays when the entire Forex market is closed, Christmas and New Year’s Day. 

Below are tables of the open and close times for each session/Forex Trading Days:

Now we have learnt that not only are the days referred to as Forex Trading Days but also called Forex Trading Sessions.