The global forex market operates through four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. This is why traders must assess the major trading sessions available. Not all markets are open simultaneously, and neither do they all close at similar times.

stocks, it is important to note the differences in trading hours. Similarly, the overlap between the European and American sessions (New York), from 8:00 PM to 12:00 AM PHT, also tends to show high volatility levels.īottom Line: The best time(s) to do Forex trading in the Philippines is from 8:00 AM to 5:00 PM PHT during the Asian session and when major global market overlaps from 2:00 PM to 4:00 PM and 8:00 PM to 12:00 AM PHT. This typically happens when more than one of the major global markets is open simultaneously, leading to an increased trading volume and potentially more significant price movements.įor instance, the overlap between the Asian session (Tokyo) and the European session (London), which occurs from 2:00 PM to 4:00 PM PHT, can be a particularly volatile period. The optimal time for trading is during periods of high market activity.

However, not all hours of the day are equally good for trading. During these hours, traders can expect a relatively high level of activity and volatility due to the large volume of trades. In terms of local time, the forex market in the Philippines opens at 8:00 AM and closes at 5:00 PM as part of the Asian session. However, the forex market operates around the clock, allowing traders to engage in trading activities 24 hours a day, five days a week. This is when most Asian financial centers, including Tokyo, open their markets.

Best Time to Trade Forex in the Philippinesįorex trading in the Philippines starts at 7:00 AM Philippine Time (PHT) during the Asian session, according to Traders Union.

Best time for forex trading