The forex market is the largest financial market in the world, with a daily turnover of over $5 trillion. It is a 24-hour market, which means that trading can take place at any time of the day or night, except on weekends. However, there are certain holidays when the forex market is closed, and it is important for traders to be aware of these holidays so that they can plan their trading activities accordingly. In this article, we will explore what hours the forex market is open on holidays.
First, let’s take a look at the regular trading hours of the forex market. The forex market is open 24 hours a day, five days a week, from Sunday at 5:00 PM EST (10:00 PM GMT) until Friday at 5:00 PM EST (10:00 PM GMT). This is because the forex market is a global market, with trading taking place in different time zones around the world. As one market closes, another one opens, which means that there is always a market open for trading.
However, there are certain holidays when the forex market is closed. These holidays can vary depending on the country and the exchange where the currency pairs are traded. The most common holidays when the forex market is closed include Christmas Day, New Year’s Day, Easter, and Thanksgiving Day. Other holidays that may affect the forex market include national holidays, such as Independence Day in the United States, and bank holidays in different countries.
So, what hours is the forex market open on holidays? The answer to this question depends on the specific holiday and the exchange where the currency pairs are traded. For example, on Christmas Day, the forex market is closed in all countries around the world, which means that there is no trading activity on that day. Similarly, on New Year’s Day, the forex market is closed in most countries.
However, there are some holidays when the forex market is closed in some countries but open in others. For example, on Easter Monday, the forex market is closed in most European countries, but it is open in the United States and other countries. This means that trading activity may be lower than usual on that day, but it is still possible to trade if you are located in a country where the forex market is open.
It is important for traders to be aware of the holiday schedule of the exchanges where they trade, as this can affect their trading strategies and decisions. For example, if a trader is planning to hold a position over a holiday, they should be aware of the possibility of lower liquidity and higher volatility, which can increase the risk of losses. On the other hand, if a trader is planning to close a position before a holiday, they should be aware of the possibility of increased volatility and price gaps, which can also increase the risk of losses.
In conclusion, the forex market is a 24-hour market, except on weekends and holidays. The specific holiday schedule can vary depending on the country and the exchange where the currency pairs are traded. Traders should be aware of the holiday schedule and plan their trading activities accordingly to avoid any unnecessary risks.
