The forex market is open during regular business hours in four different time zones around the globe. The most active trading period and best trading opportunities are during the overlap of the U.S. and London markets (8 a.m. to noon EST). Additionally, some traders favour nighttime trading. For experienced traders using scalping or automatic trading strategies that typically perform well with less volatility as well as for new traders due to volatility's tendency to be lower, night trading on the forex markets has advantages.