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What Are the Best Trading Days for Forex? 

What Are the Best Trading Days for Forex? 


The forex market operates 24 hours a day across different time zones worldwide. However, some days of the week are more favourable for trading forex than others. This article covers the best trading days for forex, optimal times during the day, the best months for trading, and the significance of market volatility. 


 

Table of Contents: 
  1. What Are the Best Trading Days for Forex? 
  2. What Are the Forex Market Hours of Operation? 
  3. The Best Times of Day to Trade Forex 
  4. An Overview of the Best Days of the Week to Trade Forex 
  5. Best Months to Trade Forex 
  6. Days You Can Take a Break from Trading Forex 
  7. Events That Change Forex Trading Schedule 
  8. Key Takeaways 

 


 

1. What Are the Best Trading Days for Forex? 

The optimal days to trade forex are influenced by various factors. In short, Tuesday, Wednesday, and Thursday are considered the best days of the week for trading. These days offer higher market activity and volatility, which can lead to more profitable trades. However, higher volatility also means higher risk, as the market can behave unpredictably. 

 

2. What Are the Forex Market Hours of Operation? 

 

London: 

  • Open Monday through Friday: 8 am to 4:30 pm GMT 
  • Extended hours: 5:05 to 7:50 am and 4:40 to 5:15 pm GMT 

 

Tokyo: 

  • Open Monday through Friday: 9:00 to 11:30 am and 12:30 to 3:00 pm JST (GMT+9) 
  • London Time: 12:00 to 2:30 am and 3:30 to 6 am GMT 

 

Sydney: 

  • Open Monday through Friday: 10:15 am to 4:15 pm AEDT (GMT+11) 
  • London Time: 11:15 pm to 5:15 am GMT 

 

Overlaps in Forex Trading Times: 

US and London: 8 am to noon EST (1:00 to 5 pm GMT) 

Sydney and Tokyo: 7 am to 9 am GMT 

London and Tokyo: 9 to 10 am GMT 

 

3. The Best Times of Day to Trade Forex 

Trading during the best times of the day can be as important as trading on the best days. The London session has the highest volume of trades. While the Tokyo and Sydney sessions also offer trading opportunities, they are less active compared to London. Most experienced traders prefer trading during the London session. 

 

4. An Overview of the Best Days of the Week to Trade Forex  

 

Sunday to Monday: 

Low volatility due to overlapping time zones and minimal economic activity over the weekend. 

 

Midweek (Tuesday-Thursday): 

  • Tuesday: Increased market activity and first spike in volatility. 
  • Wednesday: Slight dip in volatility due to swaps. 
  • Thursday: Highest volatility, making it an excellent day for trading. 

 

Friday: 

  • High activity in the morning, with overlaps of popular currency pairs. 
  • Volume drops in the afternoon as the weekend approaches. 

 

 5. Best Months to Trade Forex 

 

The forex market experiences different levels of activity throughout the year. Three periods of volatility are observed, with two being favourable for trading: 

 

Good Trading Periods: 

January to May: High volatility and good trading conditions. 

September to November: Increased market activity after the summer slump. 

 

Less Ideal Months:

June to August: Lower volatility due to summer holidays. 

December: Reduced activity in the latter half due to holidays. 

 

6. Days You Can Take a Break from Trading Forex 

 

Weekends: 

Low trading volume on Saturday and Sunday, leading to less favourable trading conditions. 

 

Friday Afternoons: 

Activity drops as traders prepare for the weekend. 

 

7. Events That Change Forex Trading Schedule 

 

Avoid trading during major holidays and significant global news events, as these can lead to unpredictable market movements. Experienced traders may leverage geopolitical events, but this requires advanced skills and training. 

 

8. Key Takeaways 
  • Session Overlaps: Best trading times due to increased volatility. 
  • European Session: Busiest session with the highest volume. 
  • Midweek Movement: Highest pip range for major currency pairs. 
  • The Least Favourable Days: Saturdays, Sundays, holidays, and during major news events. 

 

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The post What Are the Best Trading Days for Forex?  appeared first on Ox Securities.

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