The Forex market operates 24/5 and has no official opening and closing times but a start to the trading week and an end to the trading week. Therefore, Forex trading starts Sunday at 22:00 GMT and ends Friday at 22:00 GMT. For Singaporean Forex traders, it translates to Monday 06:00 until Saturday 06:00, but what is the best time to trade Forex in Singapore?
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While the best time to trade Forex in Singapore is when Forex traders decide to execute their strategy, the best time, from a technical perspective, is during the most liquid trading sessions.
Check our top rated Forex brokers in Singapore.
The reasons why liquid trading sessions are the best include:
Which Forex trading sessions are the most liquid?
- The last two hours of the New York trading session (1)
- The first hour of the Tokyo trading session (2)
- The last hour of the Sydney trading session (3)
- The first two hours of the London trading session and the last hour of the Tokyo trading session (4)
- The first two hours of the New York trading session and the last two hours of the London trading session (5)
Here is a table with the best time to trade forex in Singapore local time:
Forex Session | Singapore Start Time | Singapore Start Time |
|---|---|---|
(1) | 02:00 | 04:00 |
(2) | 07:00 | 08:00 |
(3) | 14:00 | 15:00 |
(4) | 15:00 | 18:00 |
(5) | 20:00 | 24:00 |
Which currencies are the best suited for Forex trading in Singapore?
- Singapore Dollar crosses
- Australian Dollar crosses
- Japanese Yen crosses
- US Dollar crosses
Which strategies should Singaporean Forex traders consider?
- Price action
- Range trading
- Trend trading
Bottom Line
The best time to trade Forex in Singapore is between 15:00 and 24:00, based on the liquidity and trading fees. Singaporean Forex traders can achieve the best results during those times.
