![]() I was referring to the NYSE when I wrote “before the exchange opens”. This thread might help to answer your questions - 301 Moved Permanently ![]() There are many threads and posts here on this forum in which session times are discussed, and you can use the SEARCH feature at the top of this page (or any other forum page) to search the forum for everything ever written on that topic. These volume percentages are based on a 9-hour business day, 8am-5pm, in each location.īecause daily forex trading volume in each market location is so heavily concentrated in the 8am-5pm time period in that location, we refer to that 8am-5pm period as the “trading session” in that market. As a rule of thumb, more than 80% of each day’s volume in each location occurs during normal business hours, and less than 20% of each day’s volume in each location occurs in the overnight period. Everywhere.īut, in every one of the principal forex market locations (London, New York, Tokyo, etc.) trading volume is heaviest during the normal business hours in that location. That’s 123 hours per week that the retail spot forex market is “open”. ![]() The spot forex market (the market which we trade) is a decentralized, off-exchange market, which is “open” everywhere in the world 24 hours per day, from 8am Monday morning in New Zealand (1900 GMT Sunday) until 5pm Friday afternoon in New York (2200 GMT Friday). You can see there are large moves before the exchange opens even starting as early as 2 hours in some cases You can see there are large moves before the the exchange opens even starting as early as 2 hours in some cases.Īdditionally if you are using a breakout strategy, the starting time you choose will have a significant effect on your outcome.Īnyone have any answer with supporting evidence like results of back-tests or such? Really, why does BabyPips suggest 8:00 AM?Īll these times are before the official opening of the exchange anyway. I do understand that the Forex markets are running 24 hrs a day 5 days a week. You could say they do agree its sometime between 7:00AM-9:30AM EST, and closes between 4:00PM -5:00pm ESTĪccording to the NYSE web site, the session officially runs from 9:30 AM - 4:00 PM EST ( Mon-Fri). I’ve looked at a lot of sites related to forex trading they all tend to disagree as to WHEN the New York Session starts.
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