Compare Forex Brokers!
Compare top Forex brokers side-by-side and find the best fit for your trading needs. Start your comparison now!
Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions.

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

When is the Best Time to Trade Forex?

Reading time: 2 min | Beginner Education | Technical Analysis | Trading Strategy

The Forex Market Hours

Forex trading can be done almost 24 hours a day, 5 days a week. We say “almost” because you cannot place trades for a few minutes every day at rollover time (1700 New York time).

The duration of rollover depends on the broker you use, but it's usually between 2-5 minutes. Close to rollover time, the spreads on different currency pairs can be much wider than usual. This makes trading close to rollover time impractical and risky, especially if you use a tight stop loss.

How late does the Forex market open and close?

There are 4 main Forex trading sessions, the Sydney session, the Tokyo session, the London session, and the New York session. The Forex market opens every Sunday at 17:00 New York time (EST in winter and EDT in summer) and closes every Friday at the same time. We use New York time as our benchmark because the market open/close is always at 17:00 in New York, right through the year. 17:00 New York time is the end of the U.S. session; during certain times of the year, it is also the start of the Sydney session.

London Forex Trading Times

The table above is calculated from GMT, which is London time in the winter and London time -1 in the summer.  It is important to know this because many traders start trading when the London session opens or when the London and US sessions overlap.

There is often big market participation and good volatility when the London session opens. Likewise, the US session open brings immense trading volume to the market. During these hours, intraday traders have the best chance of getting enough market movement to hit their profit targets. False moves (e.g. fakeouts) are also less common than during the first few hours of the Tokyo and Sydney sessions. Liquidity is also high, meaning that large positions can be absorbed by the market more easily, with a smaller chance of experiencing slippage or significant market impact.

Although the Forex market is open from Sunday at 17:00 EST/EDT to Friday at 17:00 EST/EDT, it also closes every day for a few minutes from Monday to Thursday at 17:00 EST/EDT for rollover. Soon after rollover, the Sydney trading session starts, and the cycle is repeated. Of course, rollover also takes place when the market closes on Friday.

*To keep it simple, we have only considered U.S. time transitions. 

Conclusion

Although the Forex market can be traded 24/5, the best market liquidity, volatility, and trading conditions are generally experienced during the crossover between the London and early US sessions. During these sessions, some of the most important central banks, speculators, businesses, financial institutions, commodity markets, and stock markets are active, all of which can have a huge impact on the currency markets.

When the Forex market is most active, spreads are usually low and large orders can be executed effectively. Market movements are also generally more reliable and forceful than during less active market times.

To learn more about the best times to trade Forex, check out our episode on the subject:

Others Also Viewed

Explore more resources that fellow traders find helpful! Check out these other guides to enhance your forex trading knowledge and skills. Whether you’re searching for the best brokers, educational material, or something more specific, we’ve got you covered.

Best Brokers in the Philippines

Discover the top Forex brokers in the Philippines. Compare top platforms, fees and features to make an informed trading choice.

How does Forex Trading Work?

What is Forex trading and how does it work? An easy-to-read guide including how to trade, and how to choose a reliable broker.

Forex Brokers for Beginners

Explore the best Forex brokers for beginners in the Philippines with user-friendly platforms, educational resources, and demo accounts.

Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts and an experienced financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Ida Hermansen

Financial Writer

Ida Hermansen
Ida is a financial writer with a passion for cryptocurrencies, blockchain networks, and Forex trading. A dedicated crypto trader, she developed a deep interest in Forex technical analysis and price action, continually expanding her expertise in market trends and trading strategies. With a background in digital marketing, SEO, and content strategy, Ida combines her analytical skills with clear, engaging writing to help traders navigate the ever-evolving financial markets. She stays up to date with the latest Forex and crypto developments, researching the best trading environments for new and experienced traders alike.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.
Fusion Markets Fusion Markets