Main Markets in Forex
The foreign exchange market is open 24 hours a day, 5 days a week, so you can trade day and night (most markets do not continue their activities on weekends). If you are a businessman with insomnia, it is nothing more than publishing some exchange newsletters at night.
The largest operational centers in the world are: New York, Sydney, Tokyo and London. This means that you can do this at any time. Suppose that due to the inconvenience of your schedule, you will not be able to enter the European market. Then you can operate Asian or American markets.
Flexibility is very good. If you want to trade with volatility, you can trade in the US and London trading hours, which are full of news and where the biggest deals occur.
Therefore, the best time in this case is from 09:00 to 13:00. If you want to trade without volatility, you can trade after the US session until the start of the Asian session. During the Asian session, volatility will increase slightly, but not as high as in other periods. In this configuration, you will act at the end of the American encounter, at the beginning of the Australian encounter, extending throughout the encounter and ending at the beginning of the Asian encounter.
Although monetary transactions are carried out 24 hours a day, on weekends, Saturdays and Sundays, banks and stock exchanges are closed, and on holidays (usually different holidays in different countries / regions), the market will also be closed.
Nowadays, extra care must be taken when trading currencies, because there are far fewer participants, which greatly increases the chance of sudden short-term changes due to the execution of customer orders from one or a few large banks.