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In the FX market, traders are truly 'Trading the World' Watch for the close of each four-hour candle that you can. Using the New York close to define 'financial time' means that we're seeing candles close at 5, 9, and 1 AM and PM (based on ET).
Due to the large number of transactions that take place, the London trading session is normally the most volatile session. Most trends begin during the London session, and they typically will continue until the beginning of the New York session.
What Are the 4 Forex Trading Sessions and Times? In Coordinated Universal Time (UTC), they are 7 a.m. to 4 p.m. (the London market), 1 p.m. to 10 p.m. (the New York market), 9 p.m. to 6 a.m. (the Sydney market), and 12 a.m. to 9 a.m. (the Tokyo market.
There are four trading sessions in the forex market: Sydney is open from pm to am UTC. Tokyo is open from am to am UTC. London is open from am to pm UTC. New York is open from pm to pm UTC. Subscribe.
The forex market runs on the normal business hours of four different parts of the world and their respective time zones. The U.S./London markets overlap (8 a.m. to noon EST) has the heaviest volume of trading and is best for trading opportunities.