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When can you trade Forex?
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When can you trade Forex?

Forex trading is open for 24 hours a day from Sunday to Friday (GMT), but when is the best time to trade?

The FX market is the most liquid between 1.00pm and 5.00pm GMT
On Friday the market quietens down rapidly after 5:00pm GMT


Total Average pip ranges for major currencies on a daily basis

Pair Sunday Monday Tuesday Wednesday Thursday Friday
EUR/USD 69 109 142 136 145 144
GBP/USD 73 149 172 152 169 179
USD/JPY 41 65 82 91 124 98
AUD/USD 58 84 114 99 115 111
NZD/USD 28 81 98 87 100 96
USD/CAD 43 93 112 106 120 125
USD/CHF 55 84 119 107 104 116
EUR/JPY 19 133 178 159 223 192
GBP/JPY 100 169 213 179 270 232
EUR/GBP 35 74 81 79 75 91
EUR/CHF 35 55 55 64 87 76
Total 556 1,096 1,366 1,259 1,532 1,460

As you can see from the charts above, it appears to be best to trade during the middle of the week since this is when most of the action happens.