The forex market is open

The forex market is open 24/7, from Monday morning all the way to late Friday evening. Most trading platforms including MetaTrader are usable during this period, which means you can enter the market anytime you want. Although it is very convenient, understanding market hours is still very important. During certain market hours, you can expect certain pairs to show aggressive movements.

The Tokyo market hour starts at 00:00 GMT and closes at 09:00 GMT. During this period, you can expect the Japan Yen to show heavy movement. If you are trading other currencies of Asian countries, this period is also the best time to trade forex.

The London Market hour starts at 08:00 GMT and closes at 17:00 GMT. You can see that the London market starts an hour before the Tokyo market closes. During this hour, GBPJPY (Pound/Yen) usually shows great movements. Other pairs related to Pound and Euro in general will also show rapid movement during this particular market period. As the Tokyo market closes, you will see that pairs related to Japan Yen will lose their movement intensities.

Then we have the US market. which opens at 13:00 GMT and closes at 22:00 GMT. As you may have expected, USD-related pairs will show intense movements during this market period. Since the London market is still open, most pairs related to both markets will show high volatility as well; this is exactly when you can make a lot of money if you are trading certain pairs such as EURUSD and GBPUSD.