Trading sessions time (GMT)

Region	City	Winter time		Summer time
		Open	Close	Open	Close
ASIA	Tokyo	00:00 a.m.	08:00 a.m.	01:00 a.m.	09:00 a.m.
	Hong Kong	01:00 a.m.	09:00 a.m.	02:00 a.m.	10:00 a.m.
	Singapore	01:00 a.m.	09:00 a.m.	01:00 a.m.	09:00 a.m.
EUROPE	Frankfurt	06:00 a.m.	02:00 p.m.	06:00 a.m.	02:00 p.m.
	Zurich	06:00 a.m.	02:00 p.m.	06:00 a.m.	02:00 p.m.
	Paris	06:00 a.m.	02:00 p.m.	06:00 a.m.	02:00 p.m.
	London	07:00 a.m.	03:00 p.m.	07:00 a.m.	03:00 p.m.
AMERICA	New York	01:00 p.m.	09:00 p.m.	01:00 p.m.	09:00 p.m.
	Chicago	02:00 p.m.	10:00 p.m.	02:00 p.m.	10:00 p.m.
PACIFIC	Wellington	09:00 p.m.	05:00 a.m.	09:00 p.m.	05:00 a.m.
	Sydney	10:00 p.m.	06:00 a.m.	10:00 p.m.	06:00 a.m.

Asian session

The biggest market share belongs to Tokyo, then there go Hong Kong and Singapore. Tokyo market opens first, and a lot of major traders use its inertia as a basis for market dynamics estimation and developing of their trading strategies.

European session

London is the biggest and the most important dealing centre in the world. It accounts for 30% of Forex volume (based on the research of the Bank of international settlements). Most of the dealing departments of the main banks are located in London. A greater part of the currency transactions are closed during the European session due to the high liquidity and productivity of the London market. The vast majority of traders and the big volume of operations make it one of the most volatile Forex markets in the world.

American session

New York is the second largest foreign currency market; it shares 19% of the total Forex volume (based on the research of the Bank of international settlements). The most part of transactions is executed between 8 a.m. and 12 p.m., when the high liquidity is ensured by European traders.

Cooccurrence of the European and American sessions

The most active Forex trading is going on while the cooccurrence of these 2 sessions. About 70% of all currencies range in European session and 80% in American session are traded from 1 p.m. to 5 p.m. GMT. Thus, if trader works during the day, s/he doesn’t need to spend the whole day behind the computer, the perfect time for trading is cooccurrence of these 2 sessions.

Cooccurrence of the Asian and European sessions

Trading activity during the cooccurrence of these 2 sessions is much lower than during any other time, because of the low activity on the Asian market in the morning. Moreover, the period of time is really short. Forex trading activity is really low in this period of time.