If you’re a forex trader, you know that timing is everything. Knowing the right time to trade can make all the difference in maximizing your profits. In this article, we’ll be discussing the London session forex EST time and why it’s important to know.
What is the London session?
The London session is one of the most active trading sessions in the forex market. It starts when the New York session ends and lasts for about 3-4 hours. During this time, traders from all over the world participate in trading various currency pairs.
Why is it important to know the EST time?
If you’re located in the United States or Canada, knowing the EST time for the London session can be crucial. This is because forex trading hours vary depending on your location and timezone.
Knowing when the London session opens and closes in your local timezone will help you plan your trades accordingly. This can also help you avoid trading during times when liquidity is low or volatility is high.
What time does London session start in EST?
The London session starts at 3:00 AM EST and ends at 7:00 AM EST. This means that if you live in a timezone that’s behind Eastern Standard Time, you’ll have to adjust accordingly.
For example, if you live on the West Coast of the United States (Pacific Standard Time), you’ll have to add three hours to get the correct start and end times for the London session. This would mean that for traders on Pacific Standard Time, the London session would start at 12:00 AM PST and end at 4:00 AM PST.
Conclusion
Knowing when to trade during active market sessions like London can make a significant difference in your profits as a forex trader. By understanding what time London Session Forex EST starts, traders can plan their trades accordingly and avoid trading during low liquidity times. So make sure to keep track of the EST time for the London session, and happy trading!
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