Forex market hours
Before looking at the best times to trade, we must look at what a 24-hour day in the forex world looks like.
The forex market can be broken up into four major trading sessions: the Sydney session, the Tokyo session, the London session, and Trump’s favorite time to tweet (before he was banned), the New York session.
Historically, the forex market has three peak trading sessions.
Traders often focus on one of the three trading periods, rather than attempt to trade the markets 24 hours per day.
This is known as the “forex 3-session system“.
These sessions consist of the Asian, European, and North American sessions, which are also called Tokyo, London, and New York sessions.
Some traders prefer to differentiate sessions by names of the continent, other traders prefer to use the names of the cities.