Forex Market Hours?
Can You Trade 7 Days a Week?
What are Forex Market Hours?
Foreign exchange (forex) market hours are the specified periods of time when traders and investors are able to conduct transactions in the foreign exchange market. The forex market is open 5 days a week and closed during the weekend.
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These international currency markets are vital to facilitating business across the globe and are made up of banks, commercial companies, central banks, investment management firms, and hedge funds, as well as retail forex brokers and investors.
Forex Trading Hours, Forex Trading Time
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New York opens at 8:00 am to 5:00 pm EST (EDT)
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Tokyo opens at 7:00 pm to 4:00 am EST (EDT)
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Sydney opens at 5:00 pm to 2:00 am EST (EDT)
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London opens at 3:00 am to 12:00 noon EST (EDT)
And so, there are hours when two sessions overlap:
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New York and London: between 8:00 am — 12:00 noon EST (EDT)
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Sydney and Tokyo: between 7:00 pm — 2:00 am EST (EDT)
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London and Tokyo: between 3:00 am — 4:00am EST (EDT)
What about your Forex Broker Platform Hours?
Your Forex broker will offer a trading platform with a certain time frame (the time frame will depend on the country the broker operates from, or rather their servers location).
When focusing on market hours, you should ignore the time frame on your trading platform (in most cases it'll be irrelevant), and instead use the universal clock (EST/EDT) or the Market Hours Monitor to identify trading sessions.
Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at any time of the day or night. However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex Trader