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Forex Trading Hours
One of the advantages of the Forex market is it works from 0:00 to 22:00, Monday to Friday. Saturday and Sunday are days off because almost all banks do not work at weekends, so Forex has too low liquidity on weekends. Once a continent has stopped working, another comes into trade.
Schedule of forex trading hours. The time zone is GMT +1 (Central European Time, ECT):
| Region | City | Open | Close |
|---|---|---|---|
| Asia | Tokyo | 1:00 | 9:00 |
| Hong Kong | 2:00 | 10:00 | |
| Singapore | 1:00 | 9:00 | |
| Europe | Frankfurt | 7:00 | 15:00 |
| London | 8:00 | 16:00 | |
| America | New York | 14:00 | 22:00 |
| Chicago | 15:00 | 23:00 | |
| Pacific | Wellington | 21:00 | 5:00 |
| Sidney | 21:00 | 5:00 |
Each regional Forex market has its own peculiarities.
Asia Forex Trading Hours
During this forex trading hours the most active deals in the market exchange operations are the US dollar against the yen (USDJPY), the euro against the yen (EURJPY), the US dollar against the euro (EURUSD) and the Australian dollar against the US dollar (AUDUSD).
Europe Forex Trading Hours
At this time the trades are conducted in the European financial centres. The volatility of the most popular currency pairs increases significantly after London forex online market starts its session. Trading activity is somewhat reduced for dinner, but at night the players actively carry out operations again. Changes of rates during the European trading hours could be significant, because the majority of monetary stock is concentrated in Europe.
America Forex Trading Hours
Forex trading activity reaches its maximum level when the New York trading hours opens and US banks begin to work, and European dealers return after the lunch break. The influence of European and American banks is similar, so no significant changes take place in Forex compared to the start of the European session. However, after the termination of the European market volatility may be higher. Often this is observed on Friday, before the weekend. The American session is more aggressive in trade than others.
