Categories
Popular Questions

What time do forex markets open on sunday?

The forex market is a decentralized global market where currencies are traded 24 hours a day, five days a week. However, it’s important to note that the forex market doesn’t operate on weekends. Therefore, the question of what time forex markets open on Sundays is a common one among traders.

Forex market hours

The forex market opens at 5 pm EST on Sunday and closes at 5 pm EST on Friday. This means that the forex market is open 24 hours a day from Monday to Friday. However, there are certain times during the week when the forex market is more active and volatile than others.

600x600

The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each of these sessions has its own trading hours, with some overlap between sessions.

The Sydney session

The Sydney session is the first trading session of the week and is also the least active of the four. It opens at 5 pm EST on Sunday and closes at 2 am EST on Monday. The Sydney session is mainly focused on the Australian and New Zealand markets.

The Tokyo session

The Tokyo session is the second trading session of the week and is more active than the Sydney session. It opens at 7 pm EST on Sunday and closes at 4 am EST on Monday. The Tokyo session is focused on the Asian markets, including Japan, China, and Singapore.

The London session

The London session is the most active trading session of the day and is focused on the European markets. It opens at 3 am EST and closes at 12 pm EST. The London session is known for its high volatility and liquidity, making it a popular trading session for traders around the world.

The New York session

The New York session is the last trading session of the day and is focused on the North American markets. It opens at 8 am EST and closes at 5 pm EST. The New York session is also known for its high volatility and liquidity, making it a popular trading session for traders around the world.

Weekend trading

While the forex market is open 24 hours a day during the week, it’s important to note that it doesn’t operate on weekends. This means that traders cannot access the market on Saturdays and Sundays.

However, some brokers offer weekend trading, allowing traders to access the market during the weekend. Weekend trading is usually limited to certain currency pairs and is subject to lower liquidity and higher spreads.

Conclusion

In conclusion, the forex market opens at 5 pm EST on Sunday and closes at 5 pm EST on Friday. The market is divided into four major trading sessions, each with its own trading hours and focus on different markets around the world. While the forex market doesn’t operate on weekends, some brokers offer weekend trading, allowing traders to access the market during the weekend.

970x250

Leave a Reply

Your email address will not be published. Required fields are marked *