I’m sure you’ve heard someone (including myself) say that you can trade foreign exchange 24 hours a day, 5 days a week. The fact is that it isn’t that simple (I wish it was). Don’t ask me why they do it like this, but each country has their currency open for trades during typical businesses hours in their country.

This means that Japan would be open when you’re in bed. Sometimes this can get confusing, but you should be able to figure this out.

Here are the open and close times in EST (Eastern Standard Time):

Tokyo: 7pm – 4am
London: 3am – 12pm
US: 8am – 5pm

I thought I’d just list the major ones because you should be able to recognize that the Canadian dollar would trade on the same time frame as the US dollar. You should also recognize that the Australian dollar trades somewhere around the Tokyo time. This makes it easier to recognize when to trade.

You’ll also take notice from this that there is over lapping times when currencies are open. Europe and Asia will over lap at a specific time, just as North American and Europe. These over laps are the busiest times because of volume. You’ll probably see more movement at these times.

Now that you know how to trade, you’ll know when to trade now. Good luck and I hope you make great profits.