ForexTradingSessionsNowthatyouknowwhatforexis,whyyoushouldtradeit,andwhomakesuptheforexmarket,itsabouttimeyoulearnedwhenyoucantrade.Itstimetoleanaboutthedifferentforextradingsessions.Yes,itistruethattheforexmarketisopen24hoursaday,butthatdoesntmeanitsalwaysactivethewholeday.Youcanmakemoneytradingwhenthemarketmovesup,andyoucanevenmakemoneywhenthemarketmovesdown.BUTyouwillhaveaverydifficulttimetryingtomakemoneywhenthemarketdoesntmoveatall.Andbelieveus,therewillbetimeswhenthemarketisasstillasthevictimsofMedusa.Thislessonwillhelpdeterminewhenthebesttimesofthedayaretotrade.ForexMarketHoursBeforelookingatthebesttimestotrade,wemustlookatwhata24hourdayintheforexworldlookslike.Theforexmarketcanbebrokenupintofourmajortradingsessions:theSydneysession,theTokyosession,theLondonsession,andPipcrawlersfavoritetimetotrade,theNewYorksession.Belowaretablesoftheopenandclosetimesforeachsession:Summer(approx.AprilOctober)TimeZone EDT GMTSydneyOpenSydneyClose6:00PM3:00AM10:00PM7:00AMTokyoOpenTokyoClose7:00PM4:00AM11:00PM8:00AMLondonOpenLondonClose3:00AM12:00PM7:00AM4:00PMNewYorkOpenNewYorkClose8:00AM5:00PM12:00PM9:00PMWinter(approx.OctoberApril)TimeZone EST GMTSydneyOpenSydneyClose4:00PM1:00AM9:00PM6:00AMTokyoOpenTokyoClose6:00PM3:00AM11:00PM8:00AMLondonOpenLondonClose3:00AM12:00PM8:00AM5:00PMNewYorkOpenNewYorkClose8:00AM5:00PM1:00PM10:00PMActualopenandclosetimesarebasedonlocalbusinesshours.ThisvariesduringthemonthsofOctoberandAprilassomecountriesshiftto/fromdaylightsavingstime(DST).Thedaywithineachmonththatacountrymayshiftto/fromDSTalsovaries.Youcanseethatinbetweeneachforextradingsession,thereisaperiodoftimewheretwosessionsareopenatthesametime.Duringthesummer,from3:004:00amEDT,theTokyosessionandLondonsessionoverlap,andduringbothsummerandwinterfrom8:00am12:00pmET,theLondonsessionandtheNewYorksessionoverlap.Naturally,thesearethebusiesttimesduringthetradingdaybecausethereismorevolumewhentwomarketsareopenatthesametime.Thismakessensebecauseduringthosetimes,allthemarketparticipantsarewheelinanddealin,whichmeansthatmoremoneyistransferringhands.Now,youreprobablylookingattheSydneyopenandthinkingwhyitshiftstwohours.YoudthinkthatSydneysopenwouldonlymoveonehourwhentheU.S.adjustsforstandardtime,butrememberthatwhentheU.S.shiftsonehourback,Sydneyactuallymovesforwardbyonehour(seasonsareoppositeinAustralia).Youshouldalwaysrememberthisifyoueverplantotradeduringthattimeperiod.Letstakealookattheaveragepipmovementofthemajorcurrencypairsduringeachforextradingsession.Pair Tokyo London NewYorkEUR/USD 76 114 92GBP/USD 92 127 99USD/JPY 51 66 59AUD/USD 77 83 81NZD/USD 62 72 70USD/CAD 57 96 96USD/CHF 67 102 83EUR/JPY 102 129 107GBP/JPY 118 151 132AUD/JPY 98 107 103EUR/GBP 78 61 47EUR/CHF 79 109 84Fromthetable,youwillseethattheEuropeansessionnormallyprovidesthemostmovement.Letstakeamoreindepthlookateachofthesession,aswellasthoseperiodswhenthesessionsoverlap.