FOREX TRADING HOURS ARE BASED ON WHEN TRADING IS OPEN IN EACH PARTICIPATING COUNTRY:
New York 8am to 5pm EST
Tokyo 7pm to 4am EST
Sydney 5pm to 2am EST
London 3am to 12 noon EST
The trading session starts on Sunday 22:05 GMT and ends on Friday at 21:50 GMT.
OVERLAPS EQUAL HIGHER PRICE RANGES, RESULTING IN GREATER OPPORTUNITIES. HERE IS A CLOSER LOOK AT THE THREE OVERLAPS THAT OCCUR EACH DAY:U.S./London (8am to noon): The heaviest overlap within the markets occurs in the U.S./London markets. According to Kathy Lien, more than 70% of all trades take place when these markets overlap because the U.S. dollar and the euro are the two most popular currencies to trade. If a trader is seeking the most optimal time to trade (when volatility is high), then this would be the ideal time.
Sydney/Tokyo (2am to 4am): This time period is not as volatile as the U.S./London overlap, but it still offers a chance to trade in a period of higher pip fluctuation. The ideal currency pair to target during this period is the EUR/JPY pair, as these are the two main currencies influenced.
London/Tokyo (3am to 4am): This overlap sees the least amount of action of the three overlaps because of the time (most U.S.-based traders are sleeping at this time), and the one-hour overlap gives little opportunity to watch large pip changes occur.
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