The Best Forex Pair To Trade During New York Session

There are different things that you need to consider while picking the best forex trading times for you in Kenya. These could be the availability of brokers, the forex market condition, and your own interest. You also need to consider the different forex trading sessions in Kenyan time before choosing new york session forex your session. Towards the end of the session, there is typically minimal movement as the trading day winds down. So, cross-border investments that require moving funds from one end of the globe to another generally contributes to a higher level of trading volume in the global foreign exchange market.

Likewise, the forex market closes for the week at 9 PM/10PM GMT on Friday and again, depending on which part of the world you are, it closes either on Friday or it closes only on Saturday early morning. This is again something that traders need to get used to so that they can time their trades correctly. Asian session trades occur much less frequently and much more strict entry rules must be used. The forex market is, in fact a 24 hour market, but traders can zoom in on the best times for trading and limit their time in front of the computer while maximizing potential to make pips. Just follow the guidelines in this article and use the tools we give you for the most efficient use of your time, and maxmizing pip totals. Use the below Forex Market Clock to check where your current time is in relation to the 4 major forex trading sessions .

Then the London session closes and the volatility slowly dies down and becomes the lowest as the NY session closes. As we have mentioned earlier, the volatility in the market ebbs and flows according to the forex market hours clock. It may be a good idea to download a clock software with these timings inbuilt so that you can refer them as and when you need it. Again, Venture fund make sure that you convert these to your timezones so that you don’t get confused. As traders, it is important to stay out at such times and choose the times when the volatility and the liquidity are pretty good. Traders also must be aware of economic events that publish every day on the economic calendar to take advantage of movements due to released economic data.

  • The trading session of Sydney in Australia also overlaps with the New York and Tokyo sessions.
  • Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
  • The most active times will occur when two or more trading sessions overlap and are open at the same time.
  • Here is an example of the heatmap signals plus our trend indicators.
  • Depending on the forex trading hours you’ve chosen, there are two types of forex traders who trade forex in Kenya.

However, at this point, the opening hours do not reflect holidays or unexpected closures. Many currency traders will find these risker trading times potentially problematic for their strategies, especially for those based on technical analysis. The best pairs to trade during Tokyo session include the USD/JPY, GBP/CHF, and GBP/JPY currency pairs. Traders will have to find out whether they are ahead or behind the GMT and by how many hours. They will also have to keep in mind the Daylight Saving Time in their region so that they can calculate the market hours correctly.

No representation or warranty is given as to the accuracy or completeness of the above information. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. Any research provided should be considered as promotional and was prepared in accordance with CFTC 1.71 and designed to promote the independence of investment research. Traders can then look to trade within either the volatile or quiet periods, with both approaches having their own merits and disadvantages. For example, when trading forex with IG, you can bet on whether a currency pair’s price will increase or decrease by going long as well as short with derivatives.

If you live in a different time zone around the world just take this same logic and apply it to your time zone. You need to know when the New York Stock Exchange opens in your time zone to estimate when the main session is in your particular time zone. The most popular way to trade forex is through derivatives, including a rolling spot forex contract offered by IG. Trading with derivatives enables you to speculate on an asset’s price movements without taking direct ownership of it. Let’s take a look at three major Forex market hour-based strategies you can apply today to improve your win rate and increase profitability.

Watch the release time of government reports & official economic news. This means scalpersand day tradersneed to pay special attention to the time of day they trade, as less-liquid trading sessions may carry higher transaction costs and eat into their potential profits. Although most traders prefer to simply operate during their normal waking or business hours, some traders may prefer to adjust their operating hours based on the currency pairs they want to trade the most. Several minor trading sessions are located outside the United States. The first corresponds to the normal business hours of Wellington and Auckland in New Zealand that overlaps with both the New York Session and the Tokyo session.

If the actual number differs considerably from the market’s consensus expectation, then the exchange rate can shift rapidly to discount the new information as fast as possible. The chief takeaway is that new forex investors should open accounts with firms that offer demo platforms, which let them make mock forex trades and tally imaginary gains and losses. Once investors learn the ropes and become seasoned enough, then they can confidently begin making real forex trades. While this ratio offers tantalizing profit opportunities, it comes with an investor’s risk of losing an entire investment in a single trade. Forex traders should proceed with caution, because currency trades often involve high leverage rates of 1,000 to 1. The New York exchange is especially important for foreign investors.

#3: When Is The Best Time To Trade Forex

Trading more forwards the end of the session is usually much harder due to higher spreads, lower volume and more ranging markets. The schedule for Forex hours of trading is displayed above the hour-tiles, aligned to your home time zone. Switch dates using the toolbar to view Forex hours for a particular day. How long you can hold an open position in forex, is a personal thing for all traders. You know what your goals are as a trader, the kind of strategy you use to trade. By midday, the market slowly drops down in the activity as the European traders sign out of the market.

new york session forex time

To make sure our audience get the best experience, we only recommend products and services that we use or have used in the past. C) London Tokyo overlap- it occurs between 11 AM to 12 AM characterized by large changes in pips. Before we get to answer the big question, there are a couple of things that this article may help you understand. This Overlap involves the intersection of many Financial markets in Asia and Oceania . Little movement on Friday afternoon + high chances for trend reversal in the second half of the day.

Worldwide Forex Markets Hours

News drivers like unemployment rates and GDP can drive price movement. Generally speaking it is okay to trade these pairs, especially if there is some news or strong sentiment driving the movement. Always check the forex news calendar for specific news drivers and exact times when news is scheduled for these currencies. In the example above, the GBP strength is driving the market in this trading session. If this is a new movement on the EUR/GBP or GBP/CHF after a consolidation period, you likely have a valid entry.

Even if some brokers allow trading during the weekends, the prices of various currency pairs hardly move on Saturday and Sunday. If you are a short-term day trader, who opens and closes trades within a day, trading outside banking hours in major financial centers around the world will also feel like you are trading during the weekend. Because if major financial institutions and professional traders are not placing huge orders that move the market, there is no reason for the solid trends to take place. The best trading session overlap is the European and North American overlap. As you can see from the chart above, there are several market sessions which overlap.

When there is liquidity and volume then the markets are at their most active and the spreads are at their smallest. The London session is traditionally the most active Forex session as it involves transactions from a great number of European countries . The overlap between these two sessions offers the best opportunities for currency traders. Note that during 12.00 and 14.00 GMT three markets are open simultaneously .

new york session forex time

Nevertheless, poor times to trade also exist, and so the sections below will cover the forex market’s time table and the best and worst times to trade. All times mentioned will be expressed in Eastern Standard Time or EST. Just GoogleForex market hours, and there are different types of Forex session that you can look at, and just apply to your relevant time zone. It’s also important to be aware that high trading activity also leads to high volatility.

Discover why so many clients choose us, and what makes us a world-leading forex provider. Several scenarios of this nature were seen in the 1992–93 European Exchange Rate Mechanism collapse, and in more recent times in Asia. The good news is that these disadvantages are easily cured by a well-structured Forex trading course, discipline and no small amount of practice.

Friday and Sunday Afternoons – although the forex market is technically open, liquidity is often thin and dealing spreads wider at these times due to a reduced number of market participants. After the New York close, a modest amount of afterhours forex trading might subsequently occur in the Midwestern U.S. city of Chicago, as well as in the West Coast U.S. cities of San Francisco and Los Angeles. These time zones are relative, so what is best for you may not be ideal for others. The best thing to do is to go with your gut feeling, and potentially try out each one before deciding on a good forex trading time zone. A) US London overlap- it occurs between 6 PM and 7 PM Kenyan time, and the market is very volatile during this time.


If you’re like aswing traderorposition trader, or you trade the longer timeframe, it doesn’t really matter when is the best time to trade the Forex market. For example, AUD/JPY will experience a higher trading volume when both Sydney and Tokyo sessions are open. And EUR/USD will experience a higher trading volume when both London and New York sessions are open. Fig 3.The best time for you to trade forex will depend on which currency pair you’re looking to trade. Forex trading sessions by region SessionMajor MarketHours Asian SessionTokyo11 p.m.

So beyond this time it may not be the appropriate time for the US traders. As the New York session traders are getting to the market, the Asians are getting out preparing for bed. To determine the best time of day world currencies to place trades on the Forex market, you need to be aware of how the market operates. In this chapter, we’ll cover the best time of day to trade Forex and explain its main benefits to your trading performance.

new york session forex time

In fact, it’s a quite adequate ballpark figure for an average tourist. Some day you might spend more, some day less, but as a rough estimate it’s an okay budget. The New York session starts from, 8 AM to 5 PM Eastern Daylight Time .


Traders should always try to wait out the Sydney and Tokyo sessions and begin their trading during the London session as that is when the true volatility and direction for the day is known. Each of these sessions have at least an hour of overlapping time with the next one. The most traded currency is the yen, of course, covering 16.5% of all forex transactions. Volume means that a large number of lots are sold and/or bought for a particular currency pair; while volatility means that the price moves at a great speed. New traders need to avoid this session completely, then after about six months to one year of successful entries in the main session, trading in this session will bring you additional pips. Due to the higher market participation and liquidity, movements are much stronger during this time.

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The European forex trading hours are equivalent to the New York ones as they occur during the daytime in the USA. The London session begins at 5 PM and runs to 3 AM GMT time every single trading. The volatility continues to remain high for the next few hours and then peaks once the NY session begins. This is the time when both the London and NY sessions are open and for around 3-4 hours, the volatility is the highest as traders in both major parts of the world fight it out in the market.

While the actual trading strategy you have may not change, knowing when to trade can certainly help you stop wasting time looking for trades when are no trading opportunities in the market. Furthermore, success in Forex trading in highly depends on timing, as trends can often reverse and wipe out the profits in your open trades. It is important to remember that each of the forex session times are approximations as to when trading activity picks up and is influenced by the relative region/session. Globally, forex session times are a general indication not hard fixed times – they are influenced by many factors, including when local business’ open and close.

How To Use The Forex Market Time Converter

London and New York overlap session is where the volatility is at its peak. You tend to experience increased volatility during Tuesday, Wednesday, and Thursday. Like many other investments, while there is money to be made, there is also plenty of opportunity to lose.

The most obvious, and the most heavily traded, is the London / New York overlap. This is when liquidity is at its highest as many Forex market participants prefer trading during this time. Because this is a 24 hour market, there is always at least one active trading session. Even if physically based in Europe or the United States, a Japanese Yen trader might choose to adjust their waking and trading hours to better conform to the standards of the local Japanese forex market.

Most of this trading occurs via electronic platforms or over the phone rather than on exchanges. Forex traders need to commit their hours to memory, with particular attention paid to the hours when two exchanges overlap. We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders.

This tends to make these more liquid periods better times to trade, theoretically at least. Ultimately, with the varying business hours, overlapping activity time, and tricky considerations for every time zone, the best strategy is adaptation. And that is adapting your trading style to match the level of liquidity, the spreads, the momentum of every region. Otherwise, you can also choose to trade the currencies that fit your tactics.

The trading session of Sydney in Australia also overlaps with the New York and Tokyo sessions. In Asia, the trading session of Singapore and Hong Kong does not overlap with New York, but it does overlap with both Tokyo and London. Trading in Kenya can be a little bit tricky but with this guide showing you the best time to trade forex in Kenya, you are properly armed with all the information to make the best choices to start you off. During the wake of these time zones, a lot of information is released and you get to understand how the market may react to the information before making a trade. If you have a full-time job during regular market hours and cannot keep up with live market updates, then maybe trading after-hours or at night might suits you better. Traders need to go through the above timings again and again a few times to fully grasp it all.

Author: Jesse Pound

Bank Of America & Bofa Securities

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