What time do all the sessions open and close?

[CPerry]

According to multiple sources from Google, the London session starts at either 7am, 7;30am or 8am and ends at 3pm, 4pm, 4;30pm or 5pm??? Why is there such an inconsistency online?

I'm interested in the 8 major currencies and understand they should be traded when at least one half of their currency pair’s session is open, could somebody clarify when this actually is please? Also, correct me if I’m wrong, is this true:

Asian session: JPY, AUD, NZD

London session: CHF, EUR, GBP

New York session: CAD, USD

For example, trading the CHF/JPY is fine at any stage when either the London or the Asian session is active?

 

Also… pushing my luck.

Is there a resource you guys use to identify the dates when the times change throughout the year; when the clocks move forwards/backwards?

Thank you!

[OfentseIG]

22 hours ago, CPerry said:

According to multiple sources from Google, the London session starts at either 7am, 7;30am or 8am and ends at 3pm, 4pm, 4;30pm or 5pm??? Why is there such an inconsistency online?

I'm interested in the 8 major currencies and understand they should be traded when at least one half of their currency pair’s session is open, could somebody clarify when this actually is please? Also, correct me if I’m wrong, is this true:

Asian session: JPY, AUD, NZD

London session: CHF, EUR, GBP

New York session: CAD, USD

For example, trading the CHF/JPY is fine at any stage when either the London or the Asian session is active?

 

Also… pushing my luck.

Is there a resource you guys use to identify the dates when the times change throughout the year; when the clocks move forwards/backwards?

Thank you!

Hi @CPerry

Forex pairs do not trade on an exchange. These are traded over the counter and we get prices from liquidity offers. These trade roughly 23 hours a day which is different from stocks which trade during the main sessions you mentioned.

The shares main London session opens at 08:00 till 16:30. Markets normally have auction time but this can depend. So you would find that there is auction time 10 minutes before the market opens and 30 minutes after market close. 

In the UK the clocks go forward 1 hour at 1am on the last Sunday in March, and back 1 hour at 2am on the last Sunday in October. 

This October, when the clocks go back, the UK is on Greenwich Mean Time (GMT).  All the best, OfentseIG

 

[CPerry]

Hi @OfentseIG

Thank you for your reply. Only 23 hours? Which hour is not tradeable? I’ll have to research auction times 🧐 Thank you for clarifying the London session times also.

I believe only some countries change clocks and with the Northern/Southern Hemispheres (some countries move forward an hour whereas others move back and hour) I’d have thought there would be several trading ‘timetables’ over the course of the year, no?

CPerry.