Interestingly, the final Asian Session trading hour when the London Session opens while the Asian session is closing down, makes up one of the busiest forex trading times. Singapore and Hong Kong open two hours after Tokyo at 9:00 PM and close at 5:00 AM. Two hours after the Sydney open, the forex market opens in Tokyo (The Asian or Tokyo session) at 7:00 PM EST and closes at 4:00 AM. This allows many professional forex traders based in New York to pass their order books on to traders based in Sydney for watching at least until the Tokyo opening.
In other words, when the market in New York closes on Monday at 5:00 PM, the market in Sydney opens on Tuesday morning in its time zone. Throughout the following forex trading week, the Sydney open at 5:00 PM EST is basically the same time as the New York Session’s 5:00 PM EST close the next day. Wellington then closes at midnight, while Sydney then closes at 1:00 AM. The foreign exchange market opens with the Sydney session at 5:00 PM EST in Sydney, Australia, although some traders in New Zealand will make prices an hour earlier at their 4:00 PM open. All times mentioned will be expressed in Eastern Standard Time or EST. Nevertheless, poor times to trade also exist, and so the sections below will cover the forex market’s time table and the best and worst times to trade.
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