The forex market is open 24 hours a day, five days a week. The international currency market isn't dominated by a single market exchange but involves a global network of exchanges and brokers around the world.

From New Zealand opening in Asia until the US closes, the market is constantly operating from Sunday to Friday evenings measured in GMT. There are 3 main sessions that gather the most of the volume, and those sessions are related to the main local share markets opening and close:London, New York, Tokyo.

During certain hours of the day, these sessions overlap: that's when the market is more active, providing better opportunities.

There are at least two reasons why you should track the major forex market trading hours:

• The first hour after a major market opens is considered very important and often indicates how the session might develop.