Decentralized nature of the forex market allows traders to buy and sell currency at anytime during the day except on Saturdays and Sundays. 24 hour service is made possible by the financial centres located in various parts of the world in different time zones. In addition, currency trading is not suspended even on holidays since special days vary from one country to another. Although the market is open all day and night without break, a particular forex trading hours should be observed. Experienced investors trading on the busiest part of the day when the buy and sell transactions are very active resulting frequent fluctuations in currency values.In determining the most desirable exchange trading hours, operators choose the time interval when the busiest markets around the world are active. The London session, which begins at 8: 00 am GMT to 5: 00 p.m. GMT, is the busiest financial centre. Then, the rank is the session New York, stretching between 13: 00 GMT and 22: 00 GMT. Then the session Sydney, third busiest starting from 22: 00 GMT 7: 00 GMT the next trading day. Finally, the session Tokyo, is the fourth busiest starting from 23: 00 GMT until 09: 00 GMT the next day.
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