Trading hours in the FOREX market are divided into four sessions: Sydney hours, Tokyo hours, London hours, and New York hours. Following is a schedule of the opening and closing hours for each market:

Summer

Time Zone Greenwich Mean Time GMT

Sydney Open 10:00pm

Sydney Close 7:00am

Tokyo Open 11:00pm

Tokyo Close 8:00am

London Open 7:00am

London Close 4:00pm

New York Open 12:00pm

New York Close 9:00pm

Winter

Time Zone

Greenwich Mean Time GMT

Sydney Open 9:00pm

Sydney Close 6:00am

Tokyo Open 11:00pm

Tokyo Close 8:00am

London Open 8:00am

London Close 5:00pm

New York Open 1:00pm

New York Close 10:00pm

As the schedule shows, there are always some trading hours overlapping for two markets. These hours are the busiest trading time in a day with much greater trading volumes, as most investors choose to trade during such hours.