Forex or foreign exchange is one of the most popular trading markets in the world. It is where traders buy and sell currencies from different countries, making profits from the fluctuations in exchange rates. Forex trading is available 24 hours a day, five days a week, giving traders the opportunity to trade at any time they want. However, there are specific times when the forex market is more active, and traders can take advantage of the price movements. One of the most commonly asked questions by forex traders is, “What time does forex start on Sunday?”
Forex Market Hours
Before we answer the question, it is essential to understand the forex market hours. The forex market is open 24 hours a day, five days a week, from Monday to Friday. This means that traders can trade currencies at any time they want, even in the middle of the night. However, the forex market is not equally active throughout the day. There are specific times when the market is more active and has higher trading volumes. These are known as the forex market hours.
The forex market hours are divided into four major trading sessions:
1. Sydney Session – This session starts at 10:00 PM GMT and ends at 7:00 AM GMT. It is the first trading session of the week and is often considered the quietest session of them all.
2. Tokyo Session – This session starts at 12:00 AM GMT and ends at 9:00 AM GMT. It is the second trading session of the week and is often the busiest session for the yen currency pairs.
3. London Session – This session starts at 8:00 AM GMT and ends at 5:00 PM GMT. It is the most active trading session of the day, with the highest trading volumes.
4. New York Session – This session starts at 1:00 PM GMT and ends at 10:00 PM GMT. It is the last trading session of the day and often has the highest volatility.
What Time Does Forex Start on Sunday?
Now that we have a better understanding of the forex market hours, let’s answer the question, “What time does forex start on Sunday?” The short answer is that forex trading starts on Sunday at 5:00 PM GMT. This is when the Sydney session begins, and the market starts to open up for the week. However, it is important to note that not all forex brokers offer trading during the weekend.
Some forex brokers close their trading platforms during the weekend, while others offer limited trading hours. This is because the trading volumes during the weekend are significantly lower than during the weekdays, and the market is less active. As such, trading during the weekend can be riskier, as the market is more susceptible to price gaps and unexpected news events.
Conclusion
In conclusion, the forex market is open 24 hours a day, five days a week, from Monday to Friday. The forex market hours are divided into four major trading sessions: Sydney, Tokyo, London, and New York. Forex trading starts on Sunday at 5:00 PM GMT when the Sydney session begins, but not all forex brokers offer trading during the weekend. It is important for traders to understand the forex market hours and choose the best trading times that suit their trading style and strategy.
