While the forex market is open 24 hours a day, five days a week, the forex market is divided into four major trading sessions.
SUMMER
The Sydney session is open: 6:00 PM - 3:00 AM EDT
(10:00 PM - 7:00 AM GMT)
The Tokyo session is open: 7:00 PM - 4:00 AM EDT
(4:00 AM - 8:00 AM GMT)
The London session is open: 3:00 AM - 12:00 PM EDT
(7:00 AM - 4:00 PM GMT)
The New York session is open: 8:00 AM - 5:00 PM EDT
(12:00 PM - 9:00 PM GMT)
WINTER
The Sydney session is open: 4:00 PM - 1:00 AM EST
(9:00 PM - 6:00 AM GMT)
The Tokyo session is open: 6:00 PM - 3:00 AM EST
(11:00 PM - 8:00 Am GMT)
The London session is open: 3:00 AM - 12:00 PM EST
(8:00 AM - 5:00 PM GMT)
The New York session is open 8:00 AM - 5:00 PM EST
(1:00 PM - 10:00 PM GMT)
We can see that in between each of the sessions, there is a period where two sessions are open at the same time. From 3:00-4:00 am EDT, the Tokyo session and London session overlap, and from 8:00-12:00 am EDT, the London session and the New York session overlap.
Naturally these are busy times during a trading day for forex traders, because there is more going on when two markets are open for trading at the same time. All the forex traders are busy wheelin' and dealin', which means that a lot more money is changing hands during this time.
It's a good time to trade the forex market, when two sessions are open at the same time.
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