Best times (in GMT) to trade Forex?

[farmerjohn]

In terms of low bid/ask spreads? Should I assume that it depends on the currency (actually, currencies) that are in question?

So when markets are open in New York, then the USD pairs will have low spreads? And the same for open markets in UK/EU will cause GBP,EUR,CHF,etc. to have low spreads?

And when Tokyo is open, then JPY, AUD will have low spreads?

Is there such a thing as the Los Angeles market? Does CAD follow the same hours as USD?

And I would need both markets to be open to take advantage of this? Or is a certain trading center (NYC, for example) is large enough, will that cause spreads to lower that are outside of that time zone? So could the AUD have low spreads during times when NYC is open, but Sydney is closed?

[Sergey Golubev]

There is small thread with some indicators related to the forex sessions:
Time indicator