The Forex market has no official opening and closing time as it operates 24/5, but there is a start and end to the trading week. The best time to trade Forex in Indonesia, from a technical perspective, is during the most liquid trading sessions. I will provide Indonesian Forex traders with the necessary data to understand the unofficial trading sessions in the four core Forex markets and how these can be exploited locally.
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Forex Market Opening Times in Indonesia
Since Forex trading is available 24/5, there are no opening and closing times for the Forex market, but a start and end to the trading week. The trading week starts Sunday at 22:00 GMT and runs continuously until Friday at 20:00 GMT. For Indonesian Forex traders, this translates from Monday 05:00 WTI to Saturday 05:00 WTI.
The Forex market has four core Forex centers that account for most daily trading volumes, market-moving events, and other factors that impact price action. Indonesian Forex traders must know the unofficial opening and closing times, measured by their respective equity market hours, of the Sydney, Tokyo, London, and New York trading sessions to understand price action and fine-tune their Forex trading strategies. Additionally, you may find the top-rated Indonesian brokers.
Sydney Forex trading session
Local Time | GMT Time | WTI | |
|---|---|---|---|
Open | Monday 08:00 | Sunday 22:00 | Monday 05:00 |
Close | Monday 16:00 | Monday 06:00 | Monday 13:00 |
Tokyo Forex trading session
Local Time | GMT Time | WTI | |
|---|---|---|---|
Open | Monday 09:00 | Sunday 24:00 | Monday 07:00 |
Close | Monday 18:00 | Monday 06:00 | Monday 16:00 |
London Forex trading session
Local Time | GMT Time | WTI | |
|---|---|---|---|
Open | Monday 08:00 | Monday 07:00 | Monday 15:00 |
Close | Monday 16:00 | Monday 15:00 | Monday 23:00 |
New York Forex trading session
Local Time | GMT Time | WTI | |
|---|---|---|---|
Open | Monday 08:00 | Monday 12:00 | Monday 20:00 |
Close | Monday 16:00 | Monday 20:00 | Tuesday 05:00 |
While the Forex market hours in Indonesia allow Indonesian Forex traders to trade non-stop, there are notable differences in the liquidity of currency pairs, which impact spreads, trading fees, order execution, and profitability.
The reasons why liquid trading sessions are the best include:
- More liquidity, which results in tighter spreads
- Tighter spreads lead to higher profits
- Faster order execution, which can lead to positive slippage
- Positive slippage adds to trading profits
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 Indonesian local time based on maximum liquidity and minimum trading fees:
Forex Session | Indonesia Start Time | Indonesia End Time |
|---|---|---|
(1) | 01:00 | 03:00 |
(2) | 06:00 | 07:00 |
(3) | 13:00 | 14:00 |
(4) | 14:00 | 17:00 |
(5) | 19:00 | 23:00 |
Overlapping Sessions
Overlapping sessions refer to two Forex markets open for trading simultaneously, which increases liquidity and often creates more trading opportunities with lower trading fees. Indonesian Forex traders get three overlapping Forex trading sessions as outlined in the table below with Forex market hours in Indonesia.
The London - New York overlap session is the most essential Forex trading period for all Forex traders, which accounts for 60%+ of all Forex trading activity.
Sydney - Tokyo Overlapping Forex trading session
Indonesia Start Time | Indonesia End Time |
| |
|---|---|---|---|
Monday 07:00 | Monday 13:00 | AUD/USD, AUD/NZD, NZD/USD, AUD/NZD, AUD/JPY, NZD/JPY, USD/JPY |
Tokyo - London Overlapping Forex trading session
Indonesia Start Time | Indonesia End Time | Currency Pairs to Consider |
|---|---|---|
Monday 15:00 | Monday 16:00 | GBP/JPY, EUR/GBP, EUR/USD, EUR/JPY, GBP/CHF, EUR/CHF, CHF/JPY |
London - New York Overlapping Forex trading session
Indonesia Start Time | Indonesia End Time | Currency Pairs to Consider |
|---|---|---|
Monday 20:00 | Monday 23:00 | EUR/USD, USD/CHF, USD/JPY |
Significance of Forex Market Opening Times
After becoming familiar with core Forex market hours in Indonesia, Forex traders may wonder why some periods impact liquidity, trading volumes, trading fees, and order execution. The Forex market is usually the first financial market reacting to economic and geopolitical news. During the unofficial Forex market opening times, Forex traders catch up to developments by making portfolio adjustments.
Trading Opportunities in Indonesia
The best Forex brokers in Indonesia ensure Indonesian Forex traders have a diverse asset selection to take advantage of cross-asset trading opportunities. Each Forex market session has assets that benefit from an inflow of trading volumes, which some Forex traders prefer, while others avoid it, all dependent on their trading strategies.
Volatility
Volatility creates trading opportunities for Forex traders who know how to trade it. While Forex traders may experience a volatility spike at any given moment, the unofficial Forex market opening times usually deliver a temporary volatility surge.
News Releases
News releases can impact price action tremendously, and profitable traders have an economic calendar, preferably an AI-assisted one, to know when to look for market-moving events.
Market Analysis
Market analysis is an ongoing task that traders must conduct before taking a position and throughout the trade. With 80%+ of trading volumes algorithmic, most profitable Forex traders use AI-assisted trading solutions.
Making the Most of Forex Trading Sessions
The best Forex brokers in Indonesia maintain cutting-edge trading infrastructure to ensure Forex traders have an edge.
Besides Forex market hours in Indonesia, Forex traders should consider the following:
- Awareness of Forex overlap sessions to ensure execution of the right trading strategy
- Using an economic calendar and planning to avoid surprise volatility spikes
- Executing risk management appropriate for the portfolio size
- Avoiding trading for the sake of trading
- Leveraging AI-assisted trading tools, which some of the best Forex brokers in Indonesia offer
While trading during the most liquid times is ideal for many traders and preferred from a technical perspective, it may not suit all Forex traders. It also depends on the trading strategy, while the asset dictates the best Forex market hours in Indonesia based on its attributes.
Therefore, the best Forex market hours in Indonesia are always when the Forex trader decides to execute their strategy based on its development. For example, some Forex traders thrive in low-volume trading periods despite higher trading fees, as their Forex strategy accounts for all factors.
Bottom Line
The Forex market operates 24/5 without an opening and closing bell, but a start and end to the trading week. Forex trading starts Sunday at 22:00 GMT and ends Friday at 20:00 GMT. Therefore, the Forex market hours in Indonesia are from Monday 05:00 WTI to Saturday 05:00 WTI. Indonesian Forex traders can trade whenever they wish, based on their strategy, currency pairs, and individual circumstances. The highest liquidity and the lowest fees are during the opening, closing, and crossover sessions of the four core Forex markets in Sydney, Tokyo, London, and New York.
