Market timing refers to an investing strategy through which a market participant makes buying or selling decisions by predicting the price movements of a financial asset in the future. Investors following the strategy aim to outperform the market by taking a long position (buying) at market bottoms and a short position (selling) at market tops.
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The forex market is open 24 hours a day during the weekdays which allows traders to potentially trade all day and all night.
Rule Number 1: No trading decision during trading hours
Knowing the forex market’s operating hours is essential for a trader. You need to know when the forex market opens and closes as well as the four main trading sessions.
You need also to pick the session you want to trade. Planning a session beforehand, also trading at the beginning or the very end of a session is key
The Forex Market Time Zone Converter displays which trading session(s) is open in your current local time.
Forex Trading Sessions
Just because you can trade the market any time of the day or night doesn’t necessarily mean that you should.
See baby pips for a great lesson on the various trading session and Forex trading hours
What are the forex market sessions?
There are four trading sessions in the forex market:
- Sydney is open from 9:00 pm to 6:00 am UTC
- Tokyo is open from 12:00 am to 9:00 am UTC
- London is open from 7:00 am to 4:00 pm UTC
- New York is open from 1:00 pm to 10:00 pm UTC