London session forex time

Forex market hours are 24-hours a day during the week, but closed on weekends due to decentralised venues. The market is divided into four major trading sessions: Sydney, Tokyo, London, and New York, which account for nearly 75% of FX daily volume. The market is open from 10pm (UTC) on Sunday when the Sydney session starts and 10pm on Friday when the New York session closes for the weekend. At any point in time, there’s always one forex session open, although there are periods of downtime when the market is quiet.

With City Index, traders can trade forex 24-hours a day from 10pm (UTC) on a Sunday evening to 10pm (UTC) on a Friday night. They have the choice of trading 84 global FX pairs with spreads from just 0.5 points. Forex trading sessions are local time Eastern Standard Time (EST) Coordinated Universal Time (UTC). The best time to trade forex is when the market is most active, as this is when you’ll get the narrowest spreads and best chance of executing a trade at your desired levels. The overlap windows for exchanges are 1 pm to 4 pm (UTC) when both New York and London exchanges are open, 12 am to 7 am (UTC) when both Tokyo and Sydney exchanges are open, and 8 am to 9 am (UTC) when both Tokyo and London exchanges are open.

The best time to trade forex depends on which currency pair you’re looking at. As a rule, the most liquidity for each FX pair will occur when the sessions for the pair overlap – if both locations are open at the same time. For example, GBP/USD will experience a higher trading volume when both London and New York sessions are open.

High trading activity also leads to high volatility, so it’s vital to have a risk management strategy in place.