Forex Market Hours are similar to local business hours, i.e. conduct their major transactions during their time zones. The markets function when these three sessions are in business and, the financial institutions, banks, corporations etc.

Major financial hubs in the world represent these 3 Trading sessions. There are three major forex trading sessions in the world – The Asian Session, European Session and American session. Forex Market Hours in Nigerian time Zone (Trading Sessions)Ī global forex market can be split up into three sessions. The goal here is to pick the most suitable time to trade based on your trading strategy, and get the most out of your trades. You can’t make money if there is no price movement visible. And volatility refers to the speed at which price moves. In the forex market, volume refers to the number of lots being brought or sold in a particular currency. Price action in forex depends on the volume and volatility in the market. You need price movement & trends to provide you with opportunities to make profits. There are times during the day when the currency prices are trending but there are quiet hours as well. But, this does not mean that you should trade anytime!įorex Trading time has been divided into different sessions, and not every time is the best to open or close your trades. In a way, you could say that it is a market that never sleeps.įor day traders this presents with so many opportunities to place trades or make profits during any time of the day. Forex market is open 24 hours a day and for 5 days in a week.

Forex market time converter