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Lesson 5 – Major Forex Markets of the World

Currently, forex markets with global influence are generally from the western industrialized countries. The major forex markets of the world include London, New York, Zurich, Frankfurt, Paris, Tokyo, Hong Kong and Singapore. In addition to these 8 locations, the forex markets in Bahrain, Milan, Amsterdam and Montreal also have considerable influence.

The table below sets out the trading hours of major forex markets and their corresponding time in GMT:

Forex Market Local Time GMT
NZ Wellington 9:00 – 17:00 20:00 – 04:00
AU Sydney 9:00 – 17:00 21:00 – 05:00
JP Tokyo 9:00 – 15:30 23:00 – 0530
Singapore 9:00 – 16:00 01:00 – 09:00
GM Frankfurt 8:30 – 17:30 07:30 – 16:30
UK London 08:30 – 17:30 8:30 – 17:30
US New York 9:00 – 16:00 13:00 – 20:00

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