The Forex market is open 24 hours a day, but what are the best times to make a profit?
Even though the Forex market is open 24 hours a day with the exception of weekends, not all hours are as equally good for trading. The reason that the Forex market is open 24 hours a day is that it is made up of different sessions around the globe that between them cover 24 hours.
The more markets are active at the same time, the more trades are being executed, and the more action for you to cash in on.
Trading Sessions (“GMT” – Global Market Time):
Since the London session is the busiest out of the four, the best times for trading are 8AM-9AM (GMT) and 13PM-17PM (GMT), because that is when the London session overlaps with other sessions.
s Remember – even though you are able to trade 24 hours a day, it is better to plan your trading activity in order to catch the best action for a chance to maximize your profits and minimize your losses.
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