Traders and investors are often surprised when they realise how many variables forex trading is compiled by. An outsider and very often an actual trader believes that in order to trade in the online forex industry all you need is an account and a trading platform. Some of you may find this as a slightly ridiculous thought to miss whilst others might be asking themselves ‘Well, what else could you possibly need?’. Successful forex trading is only achieved when the trader comes to terms and works with the different variables involved in the game and one of these variables is time.
Everyone is familiar with the phrase ‘time is money’ and in forex trading this couldn’t be any more true. Knowing that different markets are open at hours is basic, knowing what time these markets are mostly affected is what distinguishes professional traders from the average.
To begin with, each trader regardless of whether they are interested in the certain market or not, he is compelled to know the forex trading hours of each, especially because some markets often overlap each other’s and these small windows often open the biggest trading opportunities:
New York 8am to 5pm EST (1pm to 10pm GMT, 3pm to 12am EET)
Tokyo 7pm to 4am EST ( 12am to 9am GMT, 2am to 11am EET)
Sydney 5pm to 2am EST ( 10pm to 7am GMT, 12am to 9am EET)
London 3am to 12pm EST( 8am to 5pm GMT, 10am to 7pm EET)
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