Most Active FOREX Market Times

After reading Kathy Lien's informative article, "Around the Clock Trading: Day Trading the Currency Market" in the October 2006 issue of SFO Magazine, I decided to make a chart of the Asian, European, and U.S. FOREX trading hours, their overlaps, and the times economic data is usually released in each market:

Click on table to enlarge:



In the original Excel file, I created an identical chart on another tab in Pacific Standard Time. Here's the original Excel file with both time zone charts:

FOREX Markets Trading Hours Excel Chart.xls

This information would be useful for determing the best times to day trade the FOREX market. The most money can usually be made when the biggest market participants are in the game.

Sources:

• Bank of International Settlements' 2004 Triennial Central Bank Survey (.PDF), pg. 12.
• Lien, Kathy. "Around the Clock Trading: Day Trading the Currency Market." Stocks, Futures, & Options Magazine (SFO), October 2006, pp. 42-46.
  

Paul