Forex traders have ability to trade 24 hours a day. Let's take a look: here is a 24 hour day.
Starting Your Day In New York: The U.S. market opens at 8:00 am Eastern Standard Time and remains open until 5:00 pm. That's 9 hours when the USD is most active.
London: The London market had been open since 3:00 am because of the difference between time-zones. So the London market has been trading for five hours before the market in New York was even opened.
Sydney: It's 5:00 pm in New York and the exchange is closed. Don't worry, the forex market in Sydney opens at 5:00 pm EST and closes at 2:00 am EST the next morning.
Tokyo: We look to the far east to complete our 24 hour day. The Tokyo forex market opens only a couple of hours after the Sydney market, 7:00 pm EST to be exact and closes at 4:00 am EST the next morning, giving forex traders the chance to trade a wide variety of Asian currencies, most notably the Japanese Yen. Also, since the Tokyo market overlaps with both Sydney and London markets
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