FOREX HOURS

,It is true that the forex is open 24 hours a day, but that doesn’t mean it’s always active the whole day. You can make money in the forex when the market moves up, and you can even make money when the market moves down. However, you will have a very difficult time trying to make money when the market doesn’t move at all. This lesson will help determine when the best times of the day are to trade.
Market Hours
Before looking at the best times to trade, we must look at what a 24hr. day in the forex world looks like. The forex can be broken up into three major trading sessions: the Tokyo Session, the London Session, and the U.S. Session. Below is a table of the open and close times for each session:
Market Hours

Time Zone EST GMT
Tokyo Open 7 PM 0:00
Tokyo Close 4 AM 9:00
London Open 3 AM 8:00
London Close 12 PM 17:00
U.S. Open 8 AM 13:00
U.S. Close 5 PM 22:00
You can see that in between each session there is a period of time where two sessions are open at the same time. From 3-4 a.m. EST, both the Tokyo and London markets are open, and from 8-12 p.m. EST, both the London and U.S. markets are open. Naturally, these are the busiest times during the market because there is more volume when two markets are open at the same time.
Trading Sessions - Average pip range of the 4 majors during each session.

Session EUR/USD GBP/USD USD/CHF USD/JPY
Tokyo 66 79 100 66
London 80 99 121 74
U.S. 67 78 101 60
As you can see, the London session usually shows the most movement.
Now let's see which days of the week are best for trading...
Best Days of the Week to Trade
Best Days of the Week to Trade Forex
Ok, so now we know that the London session is the busiest out of all the other sessions, but there are also certain days in the week where all the markets tend to show more movement. Below is a chart of average pip range for the 4 major pairs for each day of the week:
Trading Sessions - Average pip range of the 4 majors for each day of the week

Day of the week EUR/USD GBP/USD USD/CHF USD/JPY
Sunday 24 31 36 25
Monday 92 110 141 95
Tuesday 102 128 162 104
Wednesday 101 123 158 106
Thursday 83 98 121 77
Friday 80 96 117 72
You can see that during the middle of the week is where the most movement is seen on all 4 major pairs. Fridays are usually busy until 12pm EST and then the market pretty much drops dead until it closes at 5pm EST. This means we only work half-days on Fridays. The weekend always starts early! Yippee!
So based on these three simple pieces, we’ve learned when the busiest times of the market are. These are the best times to trade because they give us a higher chance of success.