The forex market never sleeps and this is because activity continues at all times and in all corners of the globe. This is established through the three session system, a system which makes it possible for traders to trade whenever they want, regardless of the time or place.
22:00 GMT -
06:00 GMT
Following the weekend, activity is first recorded in the Asian markets. The Australia market goes live at 22:00 GMT and ends at 06:00 GMT. Some of the other countries which are active during this period are China, Russia, New Zealand and Japan.
08:00 GMT -
16:00 GMT
As the Asian session draws to an end, activity begins in the European session and the two sessions overlap. The primary market here is the London market but other significant markets present are European markets such as Germany and France. Activity begins at 08:00 GMT and ends at 16:00 GMT.
14:30 GMT -
21:00 GMT
Halfway through the European session, at 14:30 GMT, the US session commences until 21:00 GMT. New York City is the greatest participant of this session. Once it ends there is a brief period of stillness until the Asian session begins again.