The best Forex trading hours is important in currency trading, The traders can trade in the Forex market throughout the day but the trading does not go at its peak throughout the day. Some of the best Forex trading hours are more active and some are less. The most active hours in the Forex market are the hours between the 8.00 GMT and 22.00 GMT that is the time between the opening and closing of the London markets. In these hours also, there is some time that can be considered as the busiest time. The hours between 13.00 GMT and 16.00 GMT are the busiest hours. This is actually the overlap time of London and US market. This is also the time when thousands of traders execute their trades. The traders trading in these Forex trading hours are mostly the day traders so these hours are also considered as the key hours for day trading in the Forex market.
The Best Forex Trading Hours Sessions
The hours between the opening and closing time of a market in Forex trading is known as the Forex trading session. The opening and closing time of market is different in different countries so there are many Forex trading sessions in any Forex trading day. Some trading sessions are major and the others are minor. The three major trading sessions of the currency market are the London trading session, the Asian trading session and the US trading session.
The London Forex trading session
The time between 8.00 GMT and 16.00 GMT is the time of the London trading session. The most active currencies of this trading session are USD, GBP and EUR.
The US Forex trading session
The time between 13.00 GMT and 22.00 GMT is the time of the US trading session. The most active currencies of this trading session are USD, AUD, GBP, EUR and JPY.
The Asian Forex trading session
The Asian trading session is different from other two major trading sessions. This trading session is not as active as compared to other major trading sessions. The currency pairs move slowly in this session and so it is not a perfect time for the day trading activities. The trading in this session continues to be in its slow pattern as long as some major financial event does not happen. The most active currency trading of this session is JPY.
If you are a Forex trader and want to earn quickly then you should take interest in trading during the overlapping Forex trading hours of the US and the London Forex trading session.