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The Best Time to Trade Forex in the Philippines

By Christopher Lewis
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

The Forex market operates 24/5 without official opening and closing times, but a start and end to the trading week exists. The Forex market hours Philippines session belongs to the Asian Forex session. A best time to trade does not exist, but from a technical perspective, the best time to trade Forex in the Philippines is during the most liquid trading sessions. Read on to understand the unofficial trading sessions in the four core Forex markets and see how they relate to local market hours

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The Best Time to Trade Forex in the Philippines 

Traders decide the best time to trade Forex in the Philippines. The lowest trading fees and the most trading opportunities occur during the crossover sessions of the four core Forex markets I have outlined below.

The best Forex brokers in the Philippines offer dynamic spreads with the most competitive trading fees and the deepest liquidity.

Forex Market Opening Times in the Philippines 

Rather than official opening and closing times, the Forex market operates 24/5 with a start and end to the trading week, with four core Forex centers that account for most daily trading volumes and market-moving events.

The trading week starts Sunday at 22:00 GMT and runs continuously until Friday at 20:00 GMT. Therefore, the Forex market hours in the Philippines are from Monday 06:00 (PST) to Saturday 04:00 (PST).

Sydney Forex Trading Session 

 
Local Time
GMT Time
PST
Open
Monday 08:00
Sunday 22:00
Monday 06:00
Close
Monday 16:00
Monday 06:00
Monday 14:00

Tokyo Forex Trading Session 

 
Local Time
GMT Time
PST
Open
Monday 09:00
Sunday 24:00
Monday 08:00
Close
Monday 18:00
Monday 09:00
Monday 17:00

London Forex Trading Session 

 
Local Time
GMT Time
PST
Open
Monday 08:00
Monday 07:00
Monday 13:00
Close
Monday 16:00
Monday 15:00
Monday 21:00

New York Forex Trading Session 

 
Local Time
GMT Time
PST
Open
Monday 08:00
Monday 12:00
Monday 20:00
Close
Monday 16:00
Monday 20:00
Tuesday 04:00

Overlapping Sessions 

An overlapping session occurs when two currency markets operate simultaneously, increasing forex liquidity and decreasing trading fees.

Sydney - Tokyo Overlapping Forex Trading Session 

Philippines Start Time
Philippines End Time
Currency Pairs to Consider
Monday 08:00
Monday 14:00
AUD/USD, AUD/NZD, NZD/USD, AUD/NZD, AUD/JPY, NZD/JPY, USD/JPY

Tokyo - London Overlapping Forex Trading Session 

Philippines Start Time
Philippines End Time
Currency Pairs to Consider
Monday 16:00
Monday 17:00
GBP/JPY, EUR/GBP, EUR/USD, EUR/JPY, GBP/CHF, EUR/CHF, CHF/JPY

London - New York Overlapping Forex Trading Session 

Philippines Start Time
Philippines End Time
Currency Pairs to Consider
Monday 21:00
Monday 24:00
EUR/USD, USD/CHF, USD/JPY

Significance of Forex Market Opening Times 

Normal business hours in the Philippines are usually outside the times when large institutions adjust their Forex portfolios, based on market and geopolitical developments.

Liquidity, trading volumes, fees, and order execution are typically stable during the daytime in the Philippines.

Trading Opportunities in the Philippines 

A well-balanced asset selection ensures trading opportunities.

Volatility 

Volatility creates trading opportunities, and the unofficial Forex market opening times usually deliver a temporary volatility surge.

News Releases 

An AI-assisted economic calendar can help traders navigate news releases that may impact price action tremendously.

Market Analysis 

Market analysis is an ongoing task conducted before taking a position and throughout the trade.

Making the Most of Forex Trading Sessions 

The best Forex brokers in the Philippines maintain an edge with a cutting-edge trading infrastructure.

Forex traders should consider the following:

  • Execute the right trading strategy for current market conditions
  • Use an economic calendar to avoid volatility spikes
  • Execute appropriate risk management
  • Do not trade for the sake of trading
  • Use AI-assisted trading tools

Bottom Line 

The Forex market has no opening and closing bell and operates 24/5 with a start and end to the trading week. The Forex market hours Philippines session belongs to the Asian Forex session. Forex trading starts Sunday at 22:00 GMT and ends Friday at 20:00 GMT, resulting in Forex market hours in the Philippines from Monday 06:00 (PST) to Saturday 04:00 (PST).

FAQs

Can you trade Forex 24 hours a day?

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Forex trading is available 24/5, from Monday 06:00 (PST) to Saturday 04:00 (PST).

Is Forex trading legal in the Philippines?

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Forex trading is legal in the Philippines and regulated by the Bangko Sentral ng Pilipinas (BSP).

What time does the stock market open in the Philippines?

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The Philippine Stock Exchange operates Monday through Friday from 09:30 to 12:00 and from 13:00 to 14:45.

What is the best time to trade in Forex in the Philippines?

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The best time to trade in the Philippines is when the trader decides to trade, but the most liquidity with the lowest fees is during crossover sessions of two core Forex markets.

What hours are Forex markets operating?

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The Forex market operates 24/5 from Sunday 22:00 GMT to Friday 20:00 GMT, resulting in Forex market hours in the Philippines from Monday 06:00 (PST) to Saturday 04:00 (PST).

Christopher Lewis
About Christopher Lewis
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.
 

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