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Best Time for Forex Trading in India

Tempo de leitura: 8 min

Escrito por
em March 1, 2021

The forex market is the world’s largest financial market, where currencies are bought and sold 24 hours a day, five days a week. However, the forex market is not open continuously; it operates through various trading sessions, with each session having its unique opening and closing times. In India, the forex market is an increasingly popular choice for traders and investors.

Additionally, many traders have a broker located in their region who can match up trading hours and improve the convenience of market trading. The Forex market comprises four significant trading sessions – Sydney, Tokyo, London, and New York. Each session represents the business hours of a major financial center. The trading volume and potential volatility in the Forex market can fluctuate based on these sessions. If holidays will put on hold work of banks elsewhere, say, Japan, Australia, or India, it’s reasonable to assume that these currencies will see a drop in trade and liquidity.

Thus, it’s not a stretch to say that someone somewhere is will start currency trading at any given hour of the day. But, it’s important to acknowledge that not all times are the best times to trade forex. Since the North American market is open after midnight in IST, forex trading technically goes on for 6 days a week from an IST perspective. You can trade futures for three cross-currency pairs, EUR-USD, GBP-USD, and USD-JPY. As you can tell, these forex trading pairs have two foreign currencies as the base and quote. The highest trading volume occurs during the overlap of the London and New York trading sessions.

Click on a time zone for Daylight Saving Time (DST) transition dates and times. The Forex trading hours in India align with Indian Standard Time (IST) which is 5 hours 30 minutes ahead of Greenwich Mean Time (GMT) or (GMT+5.5). Trading Fuel is our blog website where we give you knowledge about finance, economics, the stock market, and intraday trading. Forex trading starts in New Zealand but is called the Sydney session. Certain public holidays result in the closure of the Indian Exchange market.

After all, as a retail Forex trader with limited capital, you will not be in a position to move the market. You will solely rely on larger players like banks and institutional investors to create the trends and hopefully catch a few to turn a profit. This is why short-term retail Forex traders should trade only during active banking hours and avoid looking for trading opportunities when the forex market hours clock stops ticking. When you first came to know about the global currency market, you probably came in touch with marketing materials claiming that this market remains open 24 hours a day and seven days a week. Anyone who traded equities (stocks) or any other commodities knows that stock exchanges or other markets are usually open during banking hours in a day.

What is the trading time in Indian Exchange Market?

Then why is this distinction important, if you literally can trade any time of the day or night? Because every separate session gives a boost to a specific currency pair and makes trading it especially profitable. Hence, trading EUR/USD or GBP/USD is best performed at different hours. Besides, opening hours of big sessions provide huge influxes of liquidity and high levels of volatility, which makes trading especially lucrative. When the liquidity is booming, the spreads are narrow; and when volatility is high, there is a good chance to earn more pips per operation. The Indian forex market offers a wide range of trading opportunities for investors and traders.

  • Traders and investors need to keep a close eye on these factors to make informed trading decisions.
  • For example, you might want to focus on specific currency pairs during the overlapping sessions when trading volume is at its peak.
  • Thus, high volatility provides plenty of opportunities for quick gains.
  • These market-moving transactions happen among large banks during their respective banking hours.
  • Traders should keep track of the market timings and the different currency pairs’ trading hours to maximize their profits.

Knowing the closing time gives you time to evaluate market circumstances and make decisions before the market closes, preparing you for the next trading day. That’s why India aligns its commodity market timings when the US enters daylight savings, ensuring that internationally referenced commodities are in sync. The commodity market hours are extended to 14 hours and 55 minutes when the USA enters daylight savings mode. You’d be interested to know that the price of certain commodity f&o in India is influenced by their US counterparts.

Australian trading session is important because it impacts the price movements of AUD and all currency pairs that rely on it. Australia’s economy is at the crossroads of European, American, and Asian economies, that’s why Sydney session forex time in India raises interest among forex professionals. By the time the Indian forex market shuts down at 5 p.m., there’s a lot of overlap with European markets, especially Germany and the UK. In currency pairings, you can either trade quotes that include INR or ones that do not. As a result of this distinction, both kinds of currency pairings have different forex currency trading times in India today. In spite of this, there is considerable overlap between forex currency trading times for trading any currency type.

In addition, we can now understand the Forex market clock, including the opening and closing hours throughout the week. Usually, traders have quite the challenge after the market opens to start the week, and as the prices switch back and forth throughout the day, traders need to be aware during this time. Traders should always check the latest trading hours and market news to ensure that they are up to date with any changes that may affect their trading strategies.

What is Price Action Trading?

The foreign exchange market, also known as forex or FX, is the largest financial market in the world. It is a global marketplace where currencies are traded 24 hours a day, five days a week. The forex market is decentralized, meaning that it is not traded on a single exchange, but rather through a network of banks, brokers, and other financial institutions. India’s opening time runs from 0900hrs till 2300hrs IST, while meta traders can participate in the gold market from Monday 0200hrs till Saturday 0200hrs IST. You will notice that the Indian forex market is closed when other markets such as NYC and London FX markets are open. The Indian Rupee is most volatile during regular working hours, while the US dollar is volatile during the late hours of the day.

MetaTrader Trading Time in India

If you want to do trading, I would suggest starting investing with Rs 5000 as an initial investment. JustMarkets is the world’s trusted broker that offers 180 popular trading instruments. And if you have any questions, there is a helpful support team working round
the clock to ensure you have the most convenient trading experience. Over the weekend, the Israeli military appears to have begun an invasion of the Gaza Strip, with tanks rolling into the enclave and Israeli soldiers fighting Hamas inside.

Does RBI allow forex trading?

In terms of the actual trading strategy, trading during the London market opening hour is no different than trading any other time of the day. However, given the significant increase in trading volume at this time, it makes breakout trading much more lucrative. The Indian forex market is influenced by a variety of factors, including global economic and political events, inflation, interest rates, and government policies. Traders and investors need to keep a close eye on these factors to make informed trading decisions. The more traders…trading, the higher the trading volume, and the more active the market.

For instance, if you are interested in trading the GBP/USD pair, it is advantageous to trade during the overlapping hours of the London and New York sessions. As previously mentioned, volatility within the market will range from high to low depending on the Forex market clock. Therefore, it could be beneficial to download clock software with built-in timings to stay current. However, do not forget to convert it into the time zone that you are in. Assess the trading volume and liquidity of the commodities you are interested in before closing. Higher volume and liquidity can provide better execution and reduce the risk of slippage.

Performing successful forex trades requires you to know the major forex trading sessions and what they can bring you. Usually, they don’t overlap with traditional Indian working hours, so keep an eye on the time when you plan to open or close positions. That said, there is a significant overlap in the market hours for trading either currency type. Here’s a detailed explanation of the forex market hours for INR pairs and cross-currency pairs.

These overlaps provide increased trading volume and volatility, creating more opportunities. The Asian session begins with the opening of the Tokyo market and includes other financial centers such as Singapore and Hong Kong. The Asian session is known for its low volatility and low liquidity compared to other trading sessions. Suppose we use the unique TrendSpider automated technical analysis software platform to analyze India’s forex trading time. In that case, we can see that when EU and US sessions overlap, liquidity rise, and the price usually follows the daily trend. The MCX time in India is from 9.00 AM to 11.30 PM for 5 days a week from Monday to Friday, which means the commodity market is active for 14 hours and 30 minutes on weekdays.

Also, few criteria determine whether a currency pair sees more or less trading activity. If USD is the quotation or base currency, a currency pair using USD may have a lot of liquidity. Experts also believe that forex market timings in India today coincide with lots of trading sessions around the world, causing a spike in trading. Even if some brokers allow trading during the weekends, the prices of various currency pairs hardly move on Saturday and Sunday.

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