24-hour trading is one of the advantages which makes traders to give preference to Foreign Exchange Market. The reason for the market to be open round-the-clock is that it consists of a network of financial institutions and retail brokers from all over the world in other words it is an OTC (over-the-counter) market.

Open		Close
Sunday, 10:00 pm GMT		Friday, 09:00 pm GMT

TRADING SESSIONS

The Forex market follows the sun around the world with opening of financial centres in different time zones starting from Asia and finishing in America. Opening times of the main trading sessions are:

Center		Open
Sydney		09:00 pm GMT
Tokyo		11:00 pm GMT
Frankfurt		07:00 am GMT
London		08:00 am GMT
New York		01:00 pm GMT

The indicated time is approximate because of the over-the-counter nature of the Forex market.

Such division of the market into trading sessions allows traders to determine their own individual trading time. The important thing that should be mentioned is that all sessions have their own features and peculiarities.

For instance, Tokyo trading session is the first major market that opens and many market participants try to evaluate the dynamics of the market for the whole day and determine their trading plans. London trading session is the largest in volume and number of transactions. This affects the market volatility so it is the time of active market movements. New York trading session is least active, but very liquid. Besides, during the time when the London session has not yet closed and the New York session is already open the majority of deals are executed.