Forex Trading Hours US Guide


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Fact Checked

Written by Justin Grossbard

Edited by Sean A'Hearn

Fact Checked by David Levy

Edited by Sean A'Hearn

Fact Checked by David Levy

Forex market hours operate 24 hours a day, five days a week across four major forex trading sessions. This forex trading hours guide is designed to educate US traders about forex market hours along with factors that affect trading activity and liquidity.


US Forex Market Hours

Are Forex Markets Open 24 Hours a Day?

The forex market is active 24 hours a day, five days a week, unlike traditional stock markets which have set hours.

Although weekend trading isnt an option, between the four major forex trading sessions US traders have a selection of time slots during weekdays to trade forex.

What are the Four Forex Trading Sessions and Times?

Forex trading sessions are divided into four main trading sessions: the New York, London, Tokyo, and Sydney sessions.

  • New York Session: runs from 8am – 5pm EST
  • London Session: operates between 3am to 12pm EST
  • Tokyo Session: runs between 7pm – 4am EST
  • Sydney Session: opens 5pm – 2am EST

Forex Market Time Zone Converter

Our Forex Market Time Zone Converter tool is a great tool for US traders. It outlines the four major trading sessions—London, New York, Tokyo, and Sydney—showing their overlapping periods and trading volumes. By sliding the draggable clock to your desired time, you can see the corresponding opening times and trading sessions in the other time zones.

Forex Market Time Zone Converter

24 Hour Time

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Sydney Time


(UTC +11)

Tokyo Time


(UTC +9)

London Time


(UTC +1)

New Yorky Time

New York

(UTC -4)

Trading Volume is usually
at this time of day.


Forex Volume LevelForex Volume LevelForex Volume Level

Forex Market Hours in the US

What are the Busiest Forex Trading Times?

The London session is the busiest and most volatile trading session as it overlaps with both Tokyo and New York. The New York trading session is the second busiest due to it overlapping with the London session.

Sydney and Tokyo sessions tend to be less volatile, with Tokyo being the first to open after the weekend and Sydney being driven primarily by local Australian markets.

New York Session London Session Tokyo Session Sydney Session
Eastern Standard Time (EST) 8:00 AM – 5:00 PM 3:00 AM – 12:00 PM 7:00 PM – 4:00 AM 5:00 PM – 2:00 AM
Central Standard Time (CST) 7:00 AM – 4:00 PM 2:00 AM – 11:00 AM 6:00 PM – 3:00 AM 4:00 PM – 1:00 AM
Mountain Standard Time (MST) 6:00 AM – 3:00 PM 1:00 AM – 10:00 AM 5:00 PM – 2:00 AM 3:00 PM – 12:00 AM
Pacific Standard Time (PST) 5:00 AM – 2:00 PM 12:00 AM – 9:00 AM 4:00 PM – 1:00 AM 2:00 PM – 11:00 PM
Alaska Standard Time (AKST) 4:00 AM – 1:00 PM 11:00 PM – 8:00 AM 3:00 PM – 12:00 AM 1:00 PM – 10:00 PM
Hawaii-Aleutian Standard Time (HST) 3:00 AM – 12:00 PM 10:00 PM – 7:00 AM 2:00 PM – 11:00 PM 12:00 PM – 9:00 PM

Most Popular Currencies

The top 5 most frequently traded currency pairs globally are:

  1. US Dollar vs Euro (USD/EUR)
  2. US Dollar vs Japanese Yen (USD/JPY)
  3. US Dollar vs Great British Pound (USD/GBP)
  4. US Dollar vs Chinese Yen (USD/CNY)
  5. US Dollar vs Canadian Dollar (USD/CAD)

The US Dollar being on one side of all the most frequently traded forex pairs shows the dominance of the USD in the forex market. Its role as the world’s primary reserve currency and its widespread use in international trade cements the currency’s global significance.

Forex Market Cap and Trading Volume

From 2019 to 2022, the market cap of forex trading surged from USD 1.93 quadrillion to USD 2.73 quadrillion.

With forex markets expanding by 41.45% in just three years, it shows how currency trading popularity is continually increasing.

Daily trading volume has seen similar growth, increasing from USD 6.6 trillion per day in 2019 to USD 7.5 trillion in 2022.

To learn more about forex market cap and trading volume, you can read our forex trading statistics page here.

Factors That Affect Forex Markets

Forex markets are influenced by various factors making them complex and highly volatile. One of the most significant factors is macroeconomic statistics (i.e. inflation rates and GDP). When such statistics are released they can have great impact of the value of a currency and cause rapid fluctuations in the forex market (known as volatility).

Other financial markets such as commodities and bonds impact the value of currencies as well. For instance, changes in oil prices would likely affect the Canadian dollar as its an oil exporting country.

International trade is another key factor as a trade surplus can led to appreciation of a currency, and currency depreciation with a trade deficient.

Political news is another influencing factor. Changes in government spending, elections, legislative changes, and instability can all affect a country’s currency value.

Trading Forex in the US: How to Choose the Best Broker

In addition to low spreads, user-friendly trading platforms, and research tools, US traders should look for a forex brokers regulated by the Commodity Futures Trading Commission (CFTC). Based on our research at CompareForexBrokers, three of the best brokers with CFTC regulation for US forex traders are OANDA,, and IG.

OANDA and are both top choices for tight spreads and selection of trading platforms, while IG is a great option for beginner traders.

Click here to read the full review outlining the best brokers regulated by the CFTC.

US Forex Market Hours FAQ

What Time is the Forex Market Most Active?

The most active trading hours are when New York and London sessions overlap from 8am to 12pm EST. This is when forex markets experience the highest trading volume, offering more potential for profitable trading strategies.

What is the Best Time to Trade Forex?

The best time to trade forex in the United States is during the overlap of the New York and London trading sessions between 8am to 12pm EST. It is at this point that forex markets experience the greatest liquidity and price movements.

If you are located outside of the Eastern Standard Time Zone, the best time to trade forex in the US is shown in the table below.

Time Zone Best Time to Trade Forex (Local Time)
Eastern Standard Time (EST) 8:00 AM – 12:00 PM
Central Standard Time (CST) 7:00 AM – 11:00 AM
Mountain Standard Time (MST) 6:00 AM – 10:00 AM
Pacific Standard Time (PST) 5:00 AM – 9:00 AM
Alaska Standard Time (AKST) 4:00 AM – 8:00 AM
Hawaii-Aleutian Standard Time (HST) 3:00 AM – 7:00 AM

What time does the forex market open?

Forex markets operate 24/5 with each major trading session opening at a different time. For US-based traders, the New York forex market opens at 8am EST, while London opens at 3am EST. Tokyo opens at 7pm EST and Sydney 5pm EST, both the previous day.

What time does the forex market close?

Forex markets are closed between Friday 5pm EST and Sunday 5pm EST. During this time, trading activities are halted. Outside of the New York trading session in the US, the London session closes at 12pm EST, Tokyo 4am EST, and Sydney 2am EST.

What time zone do forex and stock markets use?

The four major trading sessions operate in their local time zones, being Eastern Standard Time for the New York session and Greenwich Mean Time (GMT) for the London session.

What is UTC Time?

UTC (Coordinated Universal Time) is the primary time standard by which clocks and time are regulated globally. Forex markets opening times converted to UTC are as follows.

Forex Trading Sessions in UTC Time

Forex Trading Session Opening Time (UTC) Closing Time (UTC)
New York Session 13:00 22:00
London Session 08:00 17:00
Tokyo Session 00:00 09:00
Sydney Session 22:00 (Previous Day) 07:00

Are stock markets and forex markets open at the same time?

Yes, there is an overlap between stock market and forex market opening hours, but stock markets operate on more restricted hours than forex markets.

In the United States, the NYSE and NASDAQ are open from 9.30am to 4pm Monday to Friday, while forex markets are open 24 hours a day, 5 days a week.

Financial Market Session Opening Time (EST) Closing Time (EST) Days of Operation
Forex New York Trading Session 8:00 AM 5:00 PM Monday – Friday
Forex London Trading Session 3:00 AM 12:00 PM Monday – Friday
Forex Tokyo Trading Session 7:00 PM 4:00 AM Monday – Friday
Forex Sydney Trading Session 5:00 PM 2:00 AM Monday – Friday
Stocks The New York Stock Exchange (NYSE) 9:30 AM 4:00 PM Monday – Friday
Stocks The NASDAQ Stock Market 9:30 AM 4:00 PM Monday – Friday
About the author:

Justin Grossbard

Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading.

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