Forex Market Hours

By St├ęphane on 15/10/2023

The foreign exchange market is open 24-hours a day, except on weekends. As one financial centre closes, another one opens.

We've summarised below Forex market hours across financial centres (London, NYC, Sydney and Tokyo), and explained the best times to trade.

Forex trading sessions

The following table summarises Forex trading hours across financial centres (in GMT and New York time):

Financial centreLondon time (GMT)New York time (EDT)
London7:00 am to 4:00 pm3:00 am to Noon
New YorkNoon to 9:00 pm8:00 am to 5:00 pm
Sydney9:00 pm to 6:00 am5:00 pm to 2:00 am
Tokyo11:00 pm to 8:00 am7:00 pm to 4:00 am

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Best time to trade Forex

The foreign exchange market is most active when sessions overlap across financial centres. For example, trading volumes for the EUR/USD and GBP/USD currency pairs are greatest when London and New York are both open. This is usually when spreads are their lowest.

Financial centreLondon time (GMT)New York time (EDT)
New York and London overlap12:00 noon to 4:00 pm8:00 am to 12:00 noon
Sydney and Tokyo overlap11:00 pm to 6:00 am7:00 pm to 2:00 am
London and Tokyo overlap7:00 am to 8:00 am3:00 am to 4:00 am

How to seize opportunities

You could be asleep when trading opportunities arise. That's why it's a good idea to use a trading robot to open or close positions, on your behalf, even when you're unavailable. It's also best practice to host these trading robots on a Virtual Private Server, often abbreviated as VPS, as a VPS is always online.

A number of brokers now offer a VPS for your trading robots. However, FP Markets stands ahead of the competition. It supports all trading styles, including trading bots known as Expert Advisors. FP Markets goes one step further by offering a free VPS if you make a deposit of US$ 1,000 or more (or equivalent) and meet low monthly minimum volume requirements.

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About the author

I'm St├ęphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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