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When Forex Foreign Exchange market opens and closes? What about the weekends? FAQ XM

The exact time to start trading depends on the broker and the international time zone to which the broker belongs. You may be careful with the gaps if you have open positions over weekends, as your floating profits and losses might change dynamically because of the price movements. That is because accumulated and un-executed orders during the weekends will be executed at the same time when the market opens.

The majority of economic news stories are published at the start of the session. The majority of activity occurs at the start of the session because this is when economic news is released. It’s easy to fund your account using one of the following payment methods. Spreads typically widen before the markets close and could trigger fxpro review orders and/or margin closeouts. A national currency is a legal tender issued by a central bank or monetary authority used to exchange goods and services. Traders who do not want to expose their position to the risk of gapping will close their position on Friday evening or place stops and limits to manage this risk.

when does forex market close

A school of thought has it that early Mondays are a continuation trend, another has it that its reversals. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services. For more latest information of the website, please visit However, the major currencies of the world, such as the American dollar , the euro , and the Japanese yen , are among the most widely available. Most market activity will occur when one of these three markets open. If your trading location is in South Africa, you must know that the timing of this region is different from others.


That’s why we talk about Forex market hours and Forex trading sessions – to describe where and when the different Forex trading sessions are open to trading. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. With, you can trade forex 24-hours a day, five days a week – from 10pm on a Sunday evening to 10pm on a Friday night. You’ll have the choice of trading 90 global FX pairs with competitive spreads. Observing proper trading hours helps you isolate the best pairs to trade that each trading session. Forex market hours refers to the specified period of time when participants are able to transact in the foreign exchange market.

In addition, as currency trading has a large international scope, there is a constant demand for a specific currency to meet trader requirements worldwide. To find out more information around normal trading hours and the relevant trading sessions please read this. Now that we understand the trading hours of stock markets around the world, it is also important to understand what happens in between these times. In this article, we explore pre-market trading, after hours trading, overnight trading and explore what actually could happen if you do trade after hours. However, the best time for you to trade forex will depend on which currency pair you’re looking at.

Second, keep in mind that forex, as a worldwide market, is entirely virtual. When you enter a midnight forex trade on your laptop in New York, the trade is executed in Tokyo or in another of the several trading centers worldwide that are open when you initiate the trade. The forex market is open at each location for at least eight hours. When you look for information on the markets, you’ll see that they are often referred to as being open « 24 hours a day. » This is true—or at least « true-ish. » To make it easier to understand when exchanges are open, you should view the opening and closing times at each location worldwide with a common base reference time. For instance, the information you’re reading here is referenced in GMT.

The Market is usually very slow as it is still reacting based on last week’s move. EST on Friday, the forex market is open around the clock in various locations. A pip is the smallest price increment tabulated by currency markets to establish the price of a currency pair.

The highest trading volume occurs during the overlap of the London and New York trading sessions. More than 50% of trading volume occurs at these two financial bester forex broker centers. Knowing the forex market’s operating hours is essential for a trader. You need to know when the forex market opens and closes as well as the four main trading sessions.

Forex Trading Volume

You cannot close existing positions or open new positions when the markets are closed. You can, however, place or modify entry, stop-loss, take-profit and trailing stop orders. Build a stronger trading strategy using our range of technical analysis tools and resources. Trading bitit review Globally recognised broker with experience in FX trading services dating back to 1996.MarketPulse Daily trading news from our team of award-winning currency analysts. For more information about the market hours on MT4 and MT5, contact XM support team from the Official Website.

Understanding Relationship Between Currency Pairs, Trading Volume, and Time Zones

Therefore, you can’t trade shares and stocks at midnight, and you would have to adhere to a morning routine to trade securities. Popularly known as the Forex market, it is responsible for determining the foreign exchange rates for every currency in the world and allows you to trade money to get your desired currency. Forex trading is performed online and through the phone all over the world. So, it is true that while trading centers keep five-day work weeks, somewhere in the world, another trading center is open when that trading center is closed. This is the happy result of how the day of the week shifts forward or back as you cross the international dateline. Yet another source of confusion has to do with how many days a week the forex is open.

What Are the Forex Market Business Hours?

That’s the basic information you need—at least when it comes to trading times. While the explanation isn’t complicated, it might feel a little strange. First, if it’s midnight in New York, and the New York forex market is closed, it’s the middle of the trading day somewhere else, such as Tokyo, for instance. It’s the ability to see high market setups irrespective of the timeframe and trading session. Due to this low liquidity, the majority of currency pairs will trade in a range, especially if the New York session before it saw a significant move. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone.

The opening prices for the week are the initial trading prices on Sunday and the closing prices for the week are those of the last trade on Friday. Even if some brokers allow trading during the weekends, the prices of various currency pairs hardly move on Saturday and Sunday. Because if major financial institutions and professional traders are not placing huge orders that move the market, best forex trading strategy ever there is no reason for the solid trends to take place. When you first came to know about the global currency market, you probably came in touch with marketing materials claiming that this market remains open 24 hours a day and seven days a week. The Forex market trades currencies, which are currently in high demand. Therefore, the market opens at 5 pm Sunday and closes at 4 pm Friday .

Capital management

Discover global FX market hours and when the best time to trade forex is. From the Forex time table, you can see that each currency’s market has a time to open and close. With the exception of the Bitcoin cryptocurrency (BTC/USD), some Forex brokers offer trading every day, including weekends and holidays.

Today, he is the owner and lead developer of development agency JSWeb Solutions, which provides custom web design and web hosting for small businesses and professionals. The forex market is active 24/7, however, this does not mean any time is a good time for trading the forex market. During the session the Yen is, of course, the most traded currency, accounting for 16.5 percent of all forex transactions.

Charles has taught at a number of institutions including Goldman Sachs, Morgan Stanley, Societe Generale, and many more. The Forex Market Time Converter will clearly indicate when two or more markets are open by displaying multiple green « Open » indicators in the Status column. To hedge their risks, a business may enter currency swaps, providing the right to purchase a determined amount of foreign currency at determining future pricing of other currencies. Therefore, this strategy limits overall exposure to potentially large variations in the valuation of a currency. The largest worldwide financial market is the Forex, trading nearly $1.5 trillion daily.