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Best Time For Forex Trading In India (2021)

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

The forex market or currency market remains open round the clock, 24 hours a day all around the world, including India. However, the market tends to be highly profitable in times of higher liquidity. The best time to trade forex is when two trading sessions overlap. The market undergoes higher liquidity during the overlapping hours due to the presence of more participants.

Traditionally, the forex market is segregated into three sessions depending upon the peak activity levels, including the European, Asian, and North American sessions.  These sessions are sometimes also referred to as the London, Tokyo, and New York sessions.

Not to mention, these names are used interchangeably, because the listed cities represent the major financial hub/centers for each of the regions. In this piece, we take European Session as our basis to understand the best timing for forex trading in India. 

Indian Standard Time (IST) is five and a half hours (5.5 hrs) ahead of the Greenwich Mean Time (GMT). Therefore, the timing of the Indian forex brokers and European forex brokers differ. As far as the market hours in India are concerned, the Indian Forex Market opens in the early morning on Monday and closes on Saturday early morning (Friday Mid Night).  

Since the Indian forex market hours are different from the European Market hours. Therefore, it is essential to convert Indian Standard time to the GMT. By doing so, you can calculate the best time to trade in India and enjoy increased market liquidity. 

Forex Market Hours for Different Trading Sessions

Given below is the table reflecting trading hours for different trading sessions in GMT. You need to add 5 and half hours to these timing to precisely calculate the market hours matching the GMT. 

Market Session Opening HoursTime ZoneMarket SessionClosing HoursTime ZoneSeason
Sydney Session10.00 PMGMTSydney Session07.00 AMGMTSummer
Tokyo Session11.00 PMGMTTokyo Session08.00 AMGMTSummer
London Session07.00 AMGMTLondon Session04.00 PMGMTSummer
New York  Session12.00 PMGMTNew York Session09.00 PMGMTSummer
Market Session Opening HoursTime ZoneMarket SessionClosing HoursTime ZoneSeason
Sydney Session09.00 PMGMTSydney Session06.00 AMGMTWinter
Tokyo Session11.00 PMGMTTokyo Session08.00 AMGMTWinter
London Session08.00 AMGMTLondon Session05.00 PMGMTWinter
New York  Session01.00 PMGMTNew York Session10.00 PMGMTWinter

When Can You Trade Forex in India?

Trading time in India also depends upon your broker’s working hours. You need to check when your broker opens on Monday and closes trading on Friday. Generally, forex trading in India can be done between 09:00 AM to 05:00 PM (IST). Please note that the Indian exchange market working hours start at 9:00 AM and ends at 05:00 PM (IST) from Monday to Friday. The exchange market remains closed on weekends in India. 

The forex market closes at 02:30 AM IST on Saturday and opens at 02:30 AM IST on Monday for MT4/MT5 traders. European forex brokers mostly follow these timings. Whereas, the U.S. market opens at 7:00 PM IST on Monday.

Assuming that you have understood the market hours for different trading sessions, and the significance of trading during these hours, we can now begin to understand the weekly clock. Mostly, traders find it difficult to start their week after the forex market opens due to the high volatility of the market. This becomes even more challenging when you are new to the forex world. 

Usually, the forex market remains closed on weekends. However, trading hours might vary across different regions of the world concerning opening and closing timing on weekends. For example, in some parts of the world, the forex market may be open while it is still Sunday in the rest of the world. 

Forex Trading Day’s High and Low Volatility

Generally, the forex market exhibits higher volatility in the first couple of hours after the market opens on Monday. During these hours, the liquidity level of the forex market also remains lower. However, things start getting normal after a few hours and remain the same for the rest of the week unless a major release creates high volatility in the market. 

Final Words

Forex trading is a popular investment business in India. Due to advanced IT infrastructure and rising population of the young generation, forex trading is gaining more and more popularity in India. In this piece, we tried to cover the importance of forex trading during highly volatile trading hours and identified the best time for forex trading in India.

The overlapping trading sessions provide best profit-making opportunities as mentioned above. 

If you have not started, read here to learn how to start trading Forex in India!

Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
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