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Forex Trading Hours For Australia Traders [Updated For ]
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Land-FX expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. This is due to the various international time zones which allow you to trade all hours of the day. There are major trading sessions in these three locations:. During the autumn and winter months, the Tokyo session opens at 12am and closes at 9am UK time.
Forex Market Hours and Sessions in 2021
It is one of the largest forex trading centres worldwide, with roughly a fifth of all forex transactions occurring during this session. Due to the large volume of trading during the London session, there are likely to be lower spreads as liquidity is higher. However, the London session is also subject to high volatility, often making it the best to trade the major currency pairs , which offer reduced spreads due to the high volume of trades.
This session closes at 4pm. The New York session then opens at 1pm and closes at 10pm UK time.
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There is more liquidity at the start of the New York session due to the overlap with the previous London session. Towards the end of the session, there is typically minimal movement as the trading day winds down. The Sydney session occurs from 8pm to 5am UK time, completing the hour forex trading loop. Theoretically, the best time to trade is when the market is most active, so when the greatest volume of trades occur at one time.
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Such a climate offers high liquidity and tighter spreads. Therefore, the most optimal time to trade is during overlaps between open markets. The heaviest overlap is between the London and New York sessions.
During this time there is also high volatility, so despite there being a tighter spread initially, major economic news announcements could cause the spread to widen. However, high volatility can be favourable when trading in the forex market. See our guide on risk management for more on managing volatile markets. The London session is also the busiest market of them all, particularly in the middle of the week. Trading on a Friday, however, offers lower volatility with fewer people trading, making liquidity lower.
Volatility is dependent on the liquidity of the currency pair, and is shown by how much the price moves over a period of time.
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This impacts the spread, with the price movement being depicted by the number of pips. Event Planner. Zones by Country. World Time. Time Zone Converter. Forex Market Hours. What's My Time Zone? Forex Market Hours sponsored ads:.