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Understanding Forex Market Hours for Better Trading

In trading forex and commodities on Meta Trader 5, timing is everything. Global markets are active most hours of the day, whereas some have closing times and some are open. Being aware of when these trading sessions open and close could save you the headache of getting yourself into a risky trade.

The forex market is divided into four major trading sessions. We have put together the session with their opening and closing times for you below:

– Sydney Trading Session: Opens at 10:00 PM GMT and closes at 7:00 AM GMT.

–  Tokyo Trading Session: Opens at 12:00 AM GMT and closes at 9:00 AM GMT.

– London Trading Session: Opens at 8:00 AM GMT and closes at 5:00 PM GMT.

– New York Trading Session: Opens at 1:00 PM GMT and closes at 10:00 PM GMT.

 

When timings of session overlap it creates more liquidity in the market, particularly when the London and New York sessions coincide, it creates an increased opportunity for seasoned traders to join the fast-moving market.

If you’re practicing forex trading or commodity trading, consider watching when it opens and closes and how the prices move while market opens. Popular platforms like Meta Trader 5 are great for this purpose, it offers real-like times and features so when you are ready to start your trading journey you will have the timing memorized.

Partnering with the best forex and commodity broker in Lebanon XGLOBAL will give you a push as we do offer customer care around the clock for any questions regarding using the platform.

Understanding the hours and making wise decisions whether you should join the market at certain hours or not is very important if you wish for a successful journey.

Open a meta trader 5 demo account with us before proceeding with a mt5 live account by visiting our website directly.

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