Global Forex Trading Session Times in MT4

Most people who trade the stock market often find the progression to FX trading difficult due to the Forex market hours and the 24-hour nature of the market. Most stock exchanges are open from 10 am to 4 pm or 9 am to 4 pm and so it is easy to work out the key opening and closing times of the market. But the Forex trading hours are open around the clock, giving currency traders an opportunity to trade whenever they want during the day. When Forex traders buy or short-sell currency pairs, they’re usually looking for the most volatile and the most traded pairs, as they provide greater trading opportunities. They also offer more advantageous trading conditions, such as higher liquidity, tighter spreads, and lower margin requirements.

To begin, let’s take a look at the Forex market hours of the four largest Foreign currency regions or centres across the globe.

Forex Market Hours of the 4 Major FX Regions

Across the world, there are 4 different trading sessions that open at different times, allowing the Forex market to be open 24 hours a day. Here are the hours of the largest 4 FX centres or regions (Australian Eastern Time - Sydney):

Sydney session

From 7 am to 4 pm

Tokyo session

From 10 am to 4:15 pm

London session

From 5 pm to 2 am

New York session

From 10 pm to 7 am

Trading Zones

*When trading in March/April and in October/November, it’s important to remember that some countries shift to/from daylight savings time (DST) such as the United States, many European countries, and Australia – and they don’t do it on the same day.

What you need to know about the Smart Markets Forex Market Hours on MT4

Smart Markets FX forex market trading hours are tabled below. Please note that Smart Markets FX MT4 server time and charts are GMT+2 or GMT+3 (when New York Daylight savings takes effect). We operate these server times to ensure you get 5 daily candles to make up each trading week.

FX Currency Pairs
Daily Trading Hours (server time)
All
00:01 to 23:59 (Monday open 00:02 and Friday close 23:57)
Metals
Daily Trading Hours (server time)
XAUUSD
01:00 to 23:59 (Friday close 23:57)
XAUAUD
01:00 to 23:59 (Friday close 23:57)
XAGUSD
01:00 to 23:59 (Friday close 23:57)
XAGAUD
01:00 to 23:59 (Friday close 23:57)
Indices
Daily Trading Hours (server time)
Daily Break (server time)
AUS200
02:50 to 09:30, 10:10 to 24:00
0:00 to 02:50, and 9.30 to 10:10
STOXX50
09:00 to 23:00
23:00 to 09:00
GER30
09:00 to 23:00
23:00 to 09:00
JP225
02:00 to 23:15
23:15 to 02:00
DJ30
01:00 to 23:15, 23:30 to 24:00 (Friday Close 23:15)
23:15 to 23:30, and 00:00- 01:00
US500
01:00 to 23:15, 23:30 to 24:00 (Friday Close 23:15)
23:15 to 23:30, and 00:00- 01:00
NAS100
01:00 to 23:15, 23:30 to 24:00 (Friday Close 23:15)
01:00 to 23:15, 23:30 to 24:00 (Friday Close 23:15)
HK50
04:15 to 07:00, 08:00 to 11:15
07:00 to 08:00, and 11:15 to 04:15
UK100
09:00 to 23:00
23:00 to 09:00
Commodity
Daily Trading Hours (server time)
Daily Break (server time)
WTI
01:00 to 24:00 (Friday close 23:45)
00:00 to 01:00

All of our FX currency pairs trade 24 hours a day with a break for two minutes between 23:59 to 00:01. The trading week starts on Monday at 00:02 local time and closes Friday at 23:57. We have implemented this slight delay and small breaks in the day to help prevent the widening of spreads during this time when liquidity providers go offline.

For further instrument specifications please right click on any financial instrument in the 'Market Watch' area of your MT4 platform and select 'Specification'. Here you will be able to view the specific details on any of the instruments.

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Trade 24 hours a day, 5 days a week

Because the FX market is open 24 hours a day, 5 days a week, currency traders are able to take advantage of many trading opportunities from different Forex centres or regions. However, even though this market is open around the clock, doesn’t mean that it’s always active.

With the Forex market, it’s possible to make money with a bullish as well as a bearish price movement, but it’s impossible to do so when the Forex market isn’t moving at all. Every trader should know when the best time is to trade on the Forex market before investing real money.

Trading sessions overlaps during various Forex market hours

One of the best periods to trade currencies is when 2 trading sessions are open at the same time, such as when the Tokyo and the London session overlap.

When 2 sessions are open at the same time, this means there are more traders in the market, which in turn increases market liquidity and volatility.
 

Which currency provides the most opportunities in each trading session?

During the Tokyo session, it’s best to invest in Asia Pacific currency pairs involving the AUD, the NZD, and the JPY. Obviously, news coming from Australia, New-Zealand, Japan, and China will have a greater impact during this trading session.

China is a large economic superpower, and both Australia and Japan heavily rely on Chinese demand for their exports, which means data coming from China can create volatile movements on Asia Pacific currencies.

It’s during the London session when there is the biggest trading volume, as it’s the economic centre of Europe (at least for now), and an important worldwide trading desk. During that session, it’s best to trade the majors – EUR, CHF, GBP, and USD. The same goes with the New-York session: stick with the majors, and the minors.
 

Finding the most profitable trading opportunities during different market sessions

To optimise trading performance, FX traders should look for active trading periods as they offer the most profitable trading opportunities.

Volatility is what traders are looking for because if there is no price change, they can’t make any profit. Consequently, they should look for periods with the most trading volume.

Sundays/Fridays evenings and holidays aren’t the best days to trade currency pairs, as there isn’t much trading volume and market liquidity