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What time does forex market trade on sundays?

The foreign exchange market, also known as Forex or FX, is the largest and most liquid market in the world. It is a decentralized market where currencies are traded 24 hours a day, five days a week. However, there is some confusion regarding the trading hours on Sundays. In this article, we will explore the trading hours of the Forex market on Sundays.

Forex Trading Hours

The Forex market is open 24 hours a day, five days a week. It starts trading on Sunday at 5 pm EST (10 pm GMT) and closes on Friday at 5 pm EST (10 pm GMT). The market is open continuously during this period, except for weekends and certain holidays.

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The Forex market is divided into four main trading sessions based on the time zones of the major financial centers. These sessions are:

• Sydney session: 10 pm to 7 am EST (3 am to 12 pm GMT)

• Tokyo session: 12 am to 9 am EST (5 am to 2 pm GMT)

• London session: 3 am to 12 pm EST (8 am to 5 pm GMT)

• New York session: 8 am to 5 pm EST (1 pm to 10 pm GMT)

The trading hours of each session overlap with the previous and next sessions, creating a 24-hour trading cycle.

Sunday Forex Trading Hours

The Forex market opens on Sunday at 5 pm EST (10 pm GMT) for the Sydney session. However, there is a catch. Most brokers and trading platforms do not open their trading desks until Monday morning in Sydney. This means that traders cannot execute trades during the Sunday session.

The reason for this is that the volume of trading during the Sunday session is very low. Most traders and institutional investors are not active during this time, and the market is relatively quiet. As a result, there is a higher risk of price gaps, which can cause significant losses for traders.

Another reason why brokers and trading platforms do not offer Sunday trading is that they need to perform maintenance and updates on their systems. This is usually done during the weekend when the market is closed.

However, there are some exceptions. Some brokers and trading platforms offer limited Sunday trading for certain currency pairs. These pairs are usually the ones that are most active during the Asian session, such as the USD/JPY, AUD/USD, and NZD/USD. Traders can check with their brokers to see if they offer Sunday trading and which currency pairs are available.

Conclusion

The Forex market is open 24 hours a day, five days a week. It starts trading on Sunday at 5 pm EST (10 pm GMT) and closes on Friday at 5 pm EST (10 pm GMT). However, most brokers and trading platforms do not offer Sunday trading due to the low volume and higher risk of price gaps.

Traders should also be aware that the trading hours may vary depending on the time zone and the country they are trading from. They should check with their brokers to see the exact trading hours and which currency pairs are available for trading.

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