FOREX Market Hours

Global Forex Trading Session Times in MT4

Most people who trade the stock market often find the progression to FX trading difficult due to the Forex market hours and the 24-hour nature of the market. Most stock exchanges are open from 10 am to 4 pm or 9 am to 4 pm and so it is easy to work out the key opening and closing times of the market.

But the Forex trading hours are open around the clock, giving currency traders an opportunity to trade whenever they want during the day.

When Forex traders buy or short-sell currency pairs, they’re usually looking for the most volatile and the most traded pairs, as they provide greater trading opportunities. They also offer more advantageous trading conditions, such as higher liquidity, tighter spreads, and lower margin requirements.

To begin, let’s take a look at the Forex market hours of the four largest Foreign currency regions or centres across the globe.

Forex Market Hours of the 4 Major FX Regions

Across the world, there are 4 different trading sessions that open at different times, allowing the Forex market to be open 24 hours a day.

Here are the hours of the largest 4 FX centres or regions (Australian Eastern Time - Sydney):

  • Sydney session – from 7 am to 4 pm
  • Tokyo session – from 10 am to 4:15 pm
  • London session – from 5 pm to 2 am
  • New York session – from 10 pm to 7 am

When trading in March/April and in October/November, it’s important to remember that some countries shift to/from daylight savings time (DST) such as the United States, many European countries, and Australia – and they don’t do it on the same day.

What you need to know about the Synergy Forex Market Hours on MT4

Synergy FX forex market trading hours are tabled below. Please note that Synergy FX MT4 server time and charts are GMT+2 or GMT+3 (when New York Daylight savings takes effect). We operate these server times to ensure you get 5 daily candles to make up each trading week.

FX Currency Pairs Daily Trading Hours (server time)
All 00:01 to 23:59 (Monday open 00:02 and Friday close 23:57)

Metals Trading Hours (server time)

XAUUSD 01:00 to 23:59 (Friday close 23:57)
XAUAUD 01:00 to 23:59 (Friday close 23:57)
XAGUSD 01:00 to 23:59 (Friday close 23:57)
XAGAUD 01:00 to 23:59 (Friday close 23:57)

Indices Trading Hours (server time) Daily Break (server time)
AUS200 02:50 to 09:30, 10:10 to 24:00 0:00 to 02:50, and 9.30 to 10:10
STOXX50 09:00 to 23:00 23:00 to 09:00
GER30 09:00 to 23:00 23:00 to 09:00
JP225 02:00 to 23:15 23:15 to 02:00
DJ30 01:00 to 23:15, 23:30 to 24:00 (Friday Close 23:15) 23:15 to 23:30, and 00:00- 01:00
US500 01:00 to 23:15, 23:30 to 24:00 (Friday Close 23:15) 23:15 to 23:30, and 00:00- 01:00
NAS100 01:00 to 23:15, 23:30 to 24:00 (Friday Close 23:15) 01:00 to 23:15, 23:30 to 24:00 (Friday Close 23:15)
HK50 04:15 to 07:00, 08:00 to 11:15 07:00 to 08:00, and 11:15 to 04:15
UK100 09:00 to 23:00 23:00 to 09:00

Commodity Daily Trading Hours (server time) Daily Break (server time)
WTI 01:00 to 24:00 (Friday close 23:45) 00:00 to 01:00

All of our FX currency pairs trade 24 hours a day with a break for two minutes between 23:59 to 00:01.

The trading week starts on Monday at 00:02 local time and closes Friday at 23:57. We have implemented this slight delay and small breaks in the day to help prevent the widening of spreads during this time when liquidity providers go offline.

For further instrument specifications please right click on any financial instrument in the 'Market Watch' area of your MT4 platform and select 'Specification'. Here you will be able to view the specific details on any of the instruments.

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Trade 24 hours a day, 5 days a week

Because the FX market is open 24 hours a day, 5 days a week, currency traders are able to take advantage of many trading opportunities from different Forex centres or regions. However, even though this market is open around the clock, doesn’t mean that it’s always active.

With the Forex market, it’s possible to make money with a bullish as well as a bearish price movement, but it’s impossible to do so when the Forex market isn’t moving at all. Every trader should know when the best time is to trade on the Forex market before investing real money.

 

Trading sessions overlaps during various Forex market hours

One of the best periods to trade currencies is when 2 trading sessions are open at the same time, such as when the Tokyo and the London session overlap.

When 2 sessions are open at the same time, this means there are more traders in the market, which in turn increases market liquidity and volatility.

 

Which currency provides the most opportunities in each trading session?

During the Tokyo session, it’s best to invest in Asia Pacific currency pairs involving the AUD, the NZD, and the JPY. Obviously, news coming from Australia, New-Zealand, Japan, and China will have a greater impact during this trading session.

China is a large economic superpower, and both Australia and Japan heavily rely on Chinese demand for their exports, which means data coming from China can create volatile movements on Asia Pacific currencies.

It’s during the London session when there is the biggest trading volume, as it’s the economic centre of Europe (at least for now), and an important worldwide trading desk. During that session, it’s best to trade the majors – EUR, CHF, GBP, and USD.

The same goes with the New-York session: stick with the majors, and the minors.

 

Finding the most profitable trading opportunities during different market sessions

To optimise trading performance, FX traders should look for active trading periods as they offer the most profitable trading opportunities.

Volatility is what traders are looking for because if there is no price change, they can’t make any profit. Consequently, they should look for periods with the most trading volume.

Sundays/Fridays evenings and holidays aren’t the best days to trade currency pairs, as there isn’t much trading volume and market liquidity.

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When the most trade activity hits the Forex markets

There are a few events that usually lead to larger changes in currency pairs:

  • When multiple markets are open at the same time, there are more market participants trading, which makes these periods the busiest times during a trading day
  • When markets open, as many orders enter the market, which produces larger price fluctuations during the first few minutes
  • When important economic data is released, especially the ones linked to interest rate changes: central bank meeting, inflation, growth, and employment data

While looking for the highest volatility, short-term traders in the FX market often use a trading method called ‘trading the news’.  You can use the economic calendar on the Synergy FX website or the News tab in the Trading Terminal at the bottom of the screen within the MT4 trading platform.

Both of these allow you to keep track of upcoming economic news and other high-impact events that may affect the price movement among currency pairs.

When important and monitored news/data come out, market participants know they can expect some major movement, which is why it’s worth looking at.

Many will combine the news announcement with technical analysis to identify prime breakout levels and pain points in the market.

Two main ways to trade the news

There are 2 main ways to use this technique: with a directional bias, or with a non-directional bias.

If a trader expects a currency pair to go in one specific direction, he has a direction bias, and he can prepare his trading order(s).

On the other hand, if a currency trader just wants to take advantage of the upcoming large price movement, he has a non-directional bias.

This trading strategy involves traders knowing which news is important and will make the market move. It is also important to know what the investor consensus is and how much of a surprise will be needed to impact the market (consensus vs. actual figures, and revision of the last figures, either upward or downward).

The foreign exchange market is truly the market that never sleeps. Choose the trading time to fit in with your trading set-ups and the best times to trade based on your trading system.

If you are starting out, then be sure to open a demo account or if you are ready to go live, then open a live trading account. Synergy FX is the Forex broker for active traders who are looking for a true ECN broker.