The best time to trade forex in Malaysia according to top traders is during the major forex session overlaps: US/London from 9 pm to 12 midnight, London/Tokyo from 2 pm to 3 pm, and Sydney/Tokyo from 8 am to 2 pm (MYT).
| Forex Trading Sessions | Forex Market Hours Malaysia Time: UTC +8 | Local Time | Forex Market Hours in UTC |
|---|---|---|---|
| Sydney (Asian session) | 8:00 am to 2:00 pm | 10:00 am to 4:00 pm (AEDT) | 12:00 am to 6:00 am (UTC +10) |
| Tokyo (Asian session) | 8:00 am to 10:30 am 11:30 am to 2:00 pm | 9:00 am to 11:30 am 12:30 pm to 3:00 pm (JST) | 12:00 am to 2:30 am 3:30 am t0 6:00 am (UTC +9) |
| London (European session) | 3:00 pm to 11:30 pm | 8:00 am to 4:30 pm (UTC) | 7:00 am to 3:30 pm (UTC +1) |
| New York (North American session) | 9:30 pm to 4:00 am | 9:30 am to 4:00 pm (EDT) | 1:30 pm to 8:00 pm (UCT -4) |
You must align the trading strategy according to the forex pair you are trading and the trading session it follows. For example, if you’re trading GBP/USD, the action time will be when both these markets in London and New York are open simultaneously.
Not all of these overlaps will be productive for you but if you keep an eye on these hours, you can make the most of the foreign exchange activity and volatility during these hours.
What time does the Forex market open in Malaysia?
Forex trading in Malaysia opens with the Sydney session. In Malaysia Time (MYT), the Sydney session starts at 6 am MYT on Monday morning.
What time does the Forex market close in Malaysia?
The Forex market closes with the New York session, which ends at 5 pm New York time on Friday. In Malaysia Time (MYT), this corresponds to 5 am on Saturday morning.
Overview of all FX Time Zones in Malaysia
1. The Asian Session (Tokyo and Sydney )
The Asian forex session, primarily represented by the Tokyo market, opens at 7 am and closes at 3 pm MYT.
2. London
The London forex session opens at 3 pm and closes at 11 pm (MYT).
you’ll see the European markets including the London Stock Exchange (LSE) and Frankfurt in Germany opening up.
3. New York (North American)
Opens at 8 pm and closes at 5 am (MYT).
Later in the evening, you’ll see the most important forex session starting with the US stock markets like NASDAQ and the New York Stock Exchanges starting their session at around 9:00 pm your local time in Malaysia.
This session marks the busiest period as most of the forex trades.
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Frequently Asked Questions (FAQ):
Which Currency Pairs Should I Trade in Malaysia ?
As a Malaysian trader, you should trade forex pairs involving AUD, NZD, and MYR during the Asian session (7 am to 3 pm MYT), and pairs involving USD, GBP, EUR, and AUD when Tokyo opens. During the London session (3 pm to 11 pm MYT), focus on pairs involving GBP, EUR, CHF, AUD, JPY, and USD. In the New York session (8 pm to 5 am MYT), trade primarily forex pairs involving the USD.
Which Time of the Day Should You Avoid Trading?
If you are a beginner, the overlap and morning sessions that bring the most volatility and price fluctuations could prove the most challenging times for you.
Also, avoid trading hours when your involved currency pairs do not correspond to the trading sessions. Like other markets, trading during holidays, weekends, and in the post-closing hours can be risky for your forex trades in Malaysia too.
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