The forex market is the largest and most liquid financial market in the world. It operates 24 hours a day, five days a week, and allows traders to buy and sell currencies from various parts of the world. The forex market doesn’t have a centralized exchange or trading floor, but rather it operates through a network of global banks, brokers, and traders.
As the forex market operates 24 hours a day, it is important to know when it opens and closes in different parts of the world. The forex market is open from Sunday at 5:00 PM EST until Friday at 5:00 PM EST. This means that the forex market is closed on weekends.
The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. The Sydney and Tokyo sessions overlap for a few hours, as do the London and New York sessions. The most active trading hours occur during the overlap of these sessions.
In the United States, the forex market opens on Sunday at 5:00 PM EST and closes on Friday at 5:00 PM EST. However, it is important to note that some brokers may have different trading hours. It is always a good idea to check with your broker to see when their trading hours are.
The forex market closing time on Friday varies from broker to broker. Some brokers may close their trading platform at 4:00 PM EST, while others may close at 5:00 PM EST. It is important to check with your broker to see when their trading platform closes on Friday.
It is also important to note that while the forex market closes on Friday at 5:00 PM EST, it does not reopen until Sunday at 5:00 PM EST. This means that there is a gap between the closing price on Friday and the opening price on Sunday. This gap can cause significant price movements when the market reopens on Sunday.
Traders should also be aware of any major news events that may occur over the weekend, as these events can have a significant impact on the forex market when it reopens on Sunday. It is always a good idea to stay informed about any news events that may affect the forex market and to adjust your trading strategy accordingly.
In conclusion, the forex market closes on Friday at 5:00 PM EST in the United States, but the closing time may vary from broker to broker. Traders should always check with their broker to see when their trading platform closes on Friday. It is also important to stay informed about any major news events that may occur over the weekend and to adjust your trading strategy accordingly.
