What is the best time to trade forex? Unlike stock markets, the forex trading market is open 24 hours a day, 5 days in a week from Monday to Friday. However the forex trading volume and the price movements at the market are not at the same level during all these times and there are certain times when trading is good and there are times you should stay away from trading. This is because there is a great deal of activities on the currency trading markets at specific days and certain times of day and in general, the best times to trade forex are when the foreign exchange markets are busiest.
London is the biggest trading market followed by the US markets. As you might already know the Euro, USD, GBP, CHF are some of the most popular forex currencies. Even though Euro is not used in the UK, most of the busy forex trading markets in European Union which trade in Euro and the Switzerland (CHF), trading sessions are within few hours of London. The next most active market is the US and the trading time of Canadian forex market also is at the same period. This means that the lion share of forex trading is happening between the London session and the US session. (more…)