The Forex Market Hours GMT Trading Session Indicator is a world trading clock. It shows the schedule of all five trading sessions, including Sydney, Tokyo, Frankfurt, London, and New York sessions.
Forex market is open 24 hours a day and five days a week. Each trading day is divided into three major sessions, which are Asian, European, and North American.
The nature of price movements and market volatility varies depending on the changes in market hours. For example, during Asian sessions, you’ll find the price moving much slower than it used to move during London and New York Sessions.
Therefore, depending on your trading style, it’s essential to determine the best market hours for scheduling your trading time. Also, your trading schedule is key in building your market entry and exit plans.
How does Forex Market Hours GMT Trading Session Indicator work?
Forex Market Hours GMT represents one of the easiest ways to track and follow important trading sessions.
The Forex Market Hours GMT Trading Session Indicator panel, appears at the top left of the chart. A time scale at the panel’s top shows the market hours in GMT. The market sessions are automatically arranged below the timescale based on their starting and ending times.
So, you can easily find which trading session you’re currently on whenever you open a chart. Also, you can check the schedule of upcoming market sessions and build your trading plans accordingly.
Furthermore, this indicator also helps you understand the overlapping periods of the market sessions. Experienced traders pick their trading assets depending on the current market sessions and the overlapping periods.
Market experts say London and New York sessions are best for trading FX pairs and precious metals like Gold (XAUUSD) and Silver. Therefore, it is equally important to understand the trading session schedules for both beginners and experienced traders.
Advantages of the Forex Market Hours GMT
- Shows the opening and closing times of the market hours
- Demonstrates the schedules of all five major sessions
- It helps you to understand the overlapping periods of the trading sessions
- Automatically adjusts time zones based on DST
- Offers the best assistance in managing the trading activities based on the session schedules
Forex Market Hours GMT Trading Session Indicator shows the correct schedules of all the trading sessions. Also, it automatically adjusts the market hours based on the changes in DST. Besides, it is easy to use and offers a simple demonstration of trading sessions. As a market hour converter, it offers excellent advantages for beginners and experienced professionals.