Forex, short for foreign exchange, is the largest financial market in the world, with a daily turnover of over $5 trillion. It is a decentralized market where currencies are traded 24 hours a day, five days a week. The forex market operates from Sunday at 5:00 pm EST to Friday at 5:00 pm EST, covering all time zones around the world. In this article, we will explore in-depth how many days the forex market operates and its trading hours.
Forex Trading Days
The forex market opens on Sunday at 5:00 pm EST when the Tokyo session starts. It operates continuously for 24 hours until Friday at 5:00 pm EST when the New York session closes. However, it is important to note that the forex market is not open on weekends. Saturday and Sunday are the only two days when the forex market is closed, and trading does not take place.
Therefore, the forex market operates for five days a week, from Monday to Friday. During these five days, traders from all over the world can participate in forex trading at any time of the day or night. The forex market is active 24 hours a day, except for weekends, making it an attractive market for traders who want to trade at any time.
Forex Trading Hours
As mentioned earlier, the forex market operates for 24 hours a day, five days a week. However, there are specific trading hours for each of the four major trading sessions in the forex market – the Tokyo, London, New York, and Sydney sessions. These sessions overlap, creating the most active trading hours in the forex market.
The Tokyo session starts at 7:00 pm EST on Sunday and closes at 4:00 am EST on Monday. This session is also known as the Asian session and is the least volatile of all the trading sessions.
The London session starts at 3:00 am EST and closes at 12:00 pm EST. This session is the most active of all the trading sessions, as it overlaps with both the Asian and New York sessions. It is a popular trading session for traders who prefer to trade during the day.
The New York session starts at 8:00 am EST and closes at 5:00 pm EST. It is the second most active trading session, and it overlaps with the London session. This session is popular among traders who prefer to trade during the day.
The Sydney session starts at 5:00 pm EST and closes at 2:00 am EST. This session is also known as the Pacific session and is the least active of all the trading sessions.
Conclusion
In conclusion, the forex market operates for five days a week, from Monday to Friday, and is closed on weekends. However, it is important to note that the forex market operates for 24 hours a day, allowing traders from all over the world to participate in forex trading at any time. The trading hours for each of the four major trading sessions overlap, creating the most active trading hours in the forex market. As a result, traders can choose to trade during the session that suits their trading style and preference.
