Forex Trading Course - Part 1.4
When can you Trade?
You can trade the Forex markets 24 hours a day 5 days a week. Sydney opens first, followed by Tokyo, London and New York. The market opening times are as follows - being UK based, I'm using GMT for this (remember some countries use daylight saving hours, so this will vary slightly).
It's important to know these times, as most of the market volatility occurs near market opens. During the Asian session, you will find the least amount of volatility. However, you will get economic data releases for the Aussie Dollar (AUD), New Zealand Dollar (NZD) and Japanese Yen (JPY) which can cause quick movements in price - so be aware of what news is upcoming if you are going to leave a trade open overnight.
During the European and North American sessions, you will see increased volatility. In the European session, you get all the economic data releases for the British Pound (GBP), the Euro (EUR) and the Swiss Franc (CHF). Finally, during the North American session, you will get all economic releases for the US Dollar (USD) and Canadian Dollar (CAD).
22:00 - 5:00
00:00 - 9:00
8:00 - 16:00
13:00 - 22:00
One more thing I would like to point out before moving on...
I'm sure you will have seen plenty of pictures like this of traders with multiple screens and although it is useful to have a setup like this, you can trade perfectly fine with just one screen.