Understanding the Forex Session Clock
Proprietary trading involves strict risk management parameters. The forex session clock is designed to help funded traders calculate their metrics with precision before executing a trade in the live market, safeguarding their accounts from accidental breaches.
Frequently Asked Questions
What are the forex market session hours?
The forex market operates 24/5 across four major sessions: Sydney (9 PM – 6 AM UTC), Tokyo (12 AM – 9 AM UTC), London (7 AM – 4 PM UTC), and New York (12 PM – 9 PM UTC). The market opens Sunday 9 PM UTC and closes Friday 9 PM UTC.
What is the London/New York overlap?
The London/New York overlap occurs from 12 PM to 4 PM UTC (8 AM – 12 PM EST). This is the highest-volume period in forex trading, offering the tightest spreads and best execution on major pairs.
What are ICT Killzones?
ICT Killzones are specific time windows identified by trader ICT (Inner Circle Trader) as optimal trading periods: London Killzone (7-9 AM UTC), New York AM Killzone (12-2 PM UTC), and London Close Killzone (2-4 PM UTC).
What is broker server time for prop firms?
Most prop firms and brokers using MetaTrader or cTrader operate on GMT+3 (or GMT+2 during daylight saving). Your daily loss limit resets at midnight server time (9 PM EST / 2 AM UTC).