Forex Market Hours
One of the unique features of the foreign exchange market is that it is accessible 24 hours a day. What makes this possible is an overlap in the trading times of the major sessions. By the time one major market closes, another market opens. There are 4 major Forex trading sessions:
3pm–12am
(EST)
7pm–4am
(EST)
3am–11am
(EST)
8am–5pm
(EST)
All time are listed in Eastern Standard Time (EST) as per New York time for uniformity. Traders should note that countries such as United States, United Kingdom and Australia all observe daylight saving time. Be sure to make note of the impact of such on the local time in your relevant time zone.
MetaTrader 4 Trading Hours
MetaTrader 4 is the world’s most popular trading platform and the platform of choice for day traders. Nexus Capital Solution trading hours for MetaTrader 4 can be found in the table below. Forex traders should note the following:
Nexus Capital Solution MetaTrader 4 server time and charts are GMT+2 or GMT+3 (when New York Daylight savings takes effect)
We operate these server times to ensure a 5 daily candle week
All currency pairs trade 24 hours a day with a break for two minutes between 23:59 and 00:01. The trading week starts on Monday at 00:02 and closes Friday at 23:57
This applies to all currencies including USD, AUD, GBP, EUR and JPY
Forex Liquidity and Volatility
This slight delay and small breaks in the day have been implemented to help prevent the widening of spreads during this times when liquidity providers go offline. The liquidity of particular currency pairs is also dependant on the time of the day. This is due to the fact that trading volume plays a pivotal role in the liquidity of currency markets.
For instance, the EUR/USD pair will experience high trading volume and liquidity during the confluence of the London and New York sessions, that is, when the two sessions overlap. This is the point in time when the highest number of traders in the United States and Europe are online.
Similarly, the ideal time to trade the Australian dollar against the Hong Kong dollar or Singapore dollar would be when the Tokyo and Sydney sessions and both open. Not only will Australian and Asian traders be most active during this period, it is also the time when critical economic data for these regions is released. As a result, this is the best time to conduct both fundamental and technical analysis to avoid high risk trading scenarios and identify trading opportunities.
The best time to trade the US dollar is when the North American session is busiest, the Australian dollar during the Sydney Session and so forth. Nexus Capital Solution is a forex broker that caters for forex traders of all skill levels.
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Trading Time Tables
