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For day traders the most productive hours are between the opening of the London markets at 08:00 GMT and the closing of the US markets at 22:00 GMT. The peak time for trading is when the US and London markets overlap between 1 pm GMT â 4 pm GMT. The main sessions of the day are the London, US and Asian markets.
The main Forex markets, in the order of their opening times, are: Sydney, Tokyo, Frankfurt, London and New York. On the chart below, you can see the hourly course of the Forex-trading day. Note: Tokyos market doesnt start in the proper time zone due to the fact that it opens 1 hour. after the other markets (9:00 AM Local Time, while others open at 8:00 AM Local Time). The following table illustrates the opening and closing local times for a Forex day and week, in function of time zones. * The closing time is same as the opening time, but is refered to day after the opening.