The 5 most important Forex Markets in the world are London, Frankfurt, New York, Sydney and Tokyo. Together they represent around 75% of all daily trades.
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When do the big boys start trading Forex?
Between 17:00 and 20:00 (Maldivian time) the three biggest markets (London, Frankfurt & New York) are all open. During this period the number of trades will quickly increase and currency prices will rapidly go up and down.
Keep this in Mind!
On Saturday’s and Sunday’s the Forex Market is closed, with the exception of the currency pair EUR/USD. The first market on Monday’s opens at 02:00 AM Maldives time.
- We recommend beginning Forex Traders not to keep your trades open during the weekend.
- The busiest trade time does not always have to be YOUR best time for trading. This depends on your personal situation and the type of trader that you are. Practice makes perfect!
- Use a DEMO account to find out which time of day is most profitable for you!
Around 65% of all Forex traders loose MORE than they profit. Follow our online training to learn how to trade responsible and profitable!