• GMT - 20:13
  • New York - 16:13
  • London - 21:13
  • Tokyo - 05:13
  • Sydney - 06:13
  • GMT - 20:13
  • NY - 16:13
  • Ldn - 21:13
  • Tky - 05:13
  • Syd - 06:13

Forex Market Hours

The Forex Market Hours clock is set to GMT Time.

Time: 20:13 - 26 Jun, 2019 (GMT)
23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0
New York
 
London
 
Tokyo
Sydney
DST = Daylight Saving Time

The forex market trades 24 hours a day 5 days a week and has the highest trading volume of any other market (stocks, futures, etc) which also makes it the most liquid of all markets.

The forex market hours can be characterized by 4 main sessions of trade - Sydney Session, Tokyo Session, London Session and New York Session.

The best time for a trader to trade forex, or any other asset class for that matter, is when the market is most liquid and is directional or has sufficient volatility - because no one makes money in a flat market with poor liquidity.
Another benefit of a very liquid market is that spreads (assuming you are trading with variable spreads) will tend to be lower.

It therefore makes sense that the busiest and therefore best times to trade forex is when there is an overlapping between the different sessions.

These overlapping periods are summarized in the table Overlaping Forex Market Hours Table below (in GMT times) and it should be noted that they change during Daylight Savings Times (DST) for the various regions - the Overlapping Table automatically adjusts for DST changes.

Common Questions Relating to Forex Market Hours ...

  • Which is the most active overall session?
    London - the London session accounts for approximately 31 % of all forex transactions.
  • Which is the most active period of the day?
    The London/New York Overlap has the highest trading volumes and volatility and therefore tends to also have the tightest spreads.
  • Which is the most active day of the week?
    The middle of the week, Wednesday, tends to have the highest level of transactions.
  • Which are the worst times of the week to trade?
    After around 17:00 GMT on a Friday - as people are wrapping up for the weekend, which also often sees a reversal in trend. Sundays - the beginning of the trading week which sees very low trading activity and liquidity.
Forex Market Clock Session Information
New York Session Open Closes in 00 Hours 46 mins Using DST - Yes 16:13 (local Time)
London Session Closed Opens in 10 Hours 46 mins Using DST - Yes 21:13 (local Time)
Tokyo Session Closed Opens in 02 Hours 46 mins Using DST - No 05:13 (local Time)
Sydney Session Closed Opens in 01 Hours 46 mins Using DST - No 06:13 (local Time)
Overlaping Forex Market Hours
Sydney / Tokyo [23:00 - 07:00] GMT
Tokyo / London [07:00 - 08:00] GMT
London / New York [12:00 - 16:00 GMT

Summer Session Hours

Session GMT EST
Sydney Open 22:00 18:00
Sydney Close 07:00 03:00
Tokyo Open 23:00 19:00
Tokyo Close 08:00 04:00
London Open 07:00 03:00
London Close 16:00 12:00
New York Open 12:00 08:00
New York Close 21:00 17:00

Winter Session Hours

Session GMT EST
Sydney Open 21:00 16:00
Sydney Close 06:00 01:00
Tokyo Open 23:00 18:00
Tokyo Close 08:00 03:00
London Open 08:00 03:00
London Close 17:00 12:00
New York Open 13:00 08:00
New York Close 22:00 17:00

Forex Broker Trading Platforms and Forex Hours

Forex brokers offer an array of different platforms for trading FX, the most popular by far being MetaTrader 4 (MT4), followed by cTrader, Currenex, NinjaTrader, SaxoBank Trader, etc.. Some of these platforms allow the trader to set the platform (and charts) to their specific time frame, which is helpful and can aid in some trading strategies. Some platforms, such as MT4 come with pre-set time settings (eg GMT +2). It should however be noted that the timeframe/timezone that your platform is set to has no bearing on the Forex Market Hours and sessions as described above.

If you are in the market for a new forex broker, we can highly recommend Compare Forex Brokers as an invaluable resource for comparing and searching for forex brokers.