Forex market which is a global monetary space used for converting currency is main financial hub. Unlike exchanges of stocks, foreign exchange works round the clock, 24/7, all week long with exception of weekends; that is, Monday through Friday. “In this article,we are going to talk about the details of Forex Market Hours in Australia, In this, we will be focusing on the time when the market opens and closes.
Understanding Forex Market Hours
Forex trading sessions are divided into four major time zones, each centred around a significant financial centre. Let’s explore these sessions:
Forex Market Hours in Australia(AEST)
- Start Time: 8:00 AM AEST (Monday)
- End Time: 4:00 PM AEST (Friday)
- The Forex Market Hours in Australia kicks off the trading week, and it’s characterized by liquidity from the Asia-Pacific region.
Tokyo Market Hours (JST)
- Start Time: 6:00 AM JST (Monday)
- End Time: 4:00 PM JST (Friday)
- Tokyo’s Market Hours overlaps with Sydney’s, creating increased trading activity.
London Market Hours (GMT)
- Start Time: 9:00 PM GMT (Sunday)
- End Time: 5:00 PM GMT (Friday)
- The London Market Hours is the most active, as it coincides with European business hours.
New York Market Hours (EDT)
- Start Time: 5:00 PM EDT (Sunday)
- End Time: 1:00 AM EDT (Saturday)
- The New York Market Hours overlaps with London, resulting in high trading volume.
Advantages of Forex Market Hours in Australia
- Extended Trading Window: Unlike stock markets, which have limited operating hours, forex trading in Australia runs continuously from Monday 7:00 AM to Saturday 7:00 AM AEST.
- Global Accessibility: Traders can participate in the market at any time, regardless of their location.
- Tips for Optimal Trading
- Active Sessions: Trade during overlapping sessions (e.g., London and New York) for higher liquidity and tighter spreads.
- Avoid Thin Markets: During quiet periods, trading volume is low, leading to wider spreads and potential slippage.
Conclusion
Knowing what you are doing during the forex market hours is integral to make a profit. It could be remarkable whether you’re a fresh-hand trader or one being in the trading business for a while; the option of linking trading with active times of day will surely give your trading time a big boost. Your consciousness should be geared towards the fact that forex market is open 24 hours, and in any period of time, there will be surprise that may affect the market in different time zones.
