Forex markets are one of the most active and dynamic financial markets in the world. The market operates 24 hours a day, five days a week, and traders from all over the world participate in the market. Understanding when the Forex market is open and closed is essential for traders to make informed decisions about their trades. In this article, we will discuss Forex market closes when in PST.
Forex Market Trading Hours
The Forex market is open 24 hours a day, five days a week, from Sunday at 5:00 PM EST to Friday at 5:00 PM EST. The market operates in four major trading sessions, which are the Asian, European, North American, and Pacific trading sessions. The trading sessions overlap, which creates a continuous flow of liquidity in the market.
The Asian trading session begins at 6:00 PM EST and closes at 3:00 AM EST. The European trading session begins at 3:00 AM EST and closes at 12:00 PM EST. The North American trading session begins at 8:00 AM EST and closes at 5:00 PM EST. The Pacific trading session begins at 9:00 PM EST and closes at 6:00 AM EST.
Forex Market Closes When in PST
The Forex market closes when in PST at 2:00 PM PST on Friday. This is because the Forex market operates according to the New York time zone, which is five hours behind the Coordinated Universal Time (UTC-5). The market operates from Sunday at 5:00 PM EST to Friday at 5:00 PM EST, which is equivalent to Monday at 2:00 AM PST to Saturday at 2:00 AM PST.
The Pacific trading session is the only trading session that falls outside of the regular trading hours of the Forex market. The Pacific trading session begins at 9:00 PM EST on Sunday and closes at 6:00 AM EST on Friday. This corresponds to Sunday at 6:00 PM PST to Friday at 3:00 AM PST.
Impact of Forex Market Closes When in PST
The Forex market closes when in PST on Friday at 2:00 PM PST, which is equivalent to 5:00 PM EST. This means that traders in the Pacific time zone have a shorter trading week than traders in the Eastern time zone. This can impact the trading strategies of traders in the Pacific time zone, as they have to adjust their trading plans accordingly.
Traders in the Pacific time zone have to be aware of the time zone differences when trading the market. They have to ensure that they are trading during the active trading sessions and avoid trading during the inactive sessions. Traders in the Pacific time zone may have to wake up early or stay up late to trade the market during the active trading sessions.
Conclusion
In conclusion, the Forex market operates 24 hours a day, five days a week, and traders from all over the world participate in the market. The market operates in four major trading sessions, which are the Asian, European, North American, and Pacific trading sessions. The Forex market closes when in PST at 2:00 PM PST on Friday, which is equivalent to 5:00 PM EST. Traders in the Pacific time zone have to be aware of the time zone differences when trading the market and adjust their trading plans accordingly. Understanding the Forex market hours is essential for traders to make informed decisions about their trades.
