Forex trading has rapidly gained popularity over the years, with more and more people joining the market every day. The market is open 24 hours a day, five days a week, and it is important to know the trading hours to make the most of the opportunities available. Forex trading times vary depending on the location of the trader, and it is essential to know the trading hours in your location to avoid missing trading opportunities.
Hawaii, a beautiful island located in the Pacific Ocean, is a popular tourist destination and home to many traders. Hawaii follows Hawaii-Aleutian Standard Time (HST) and is ten hours behind Greenwich Mean Time (GMT-10). Forex trading times in Hawaii, like in other parts of the world, vary depending on the type of trading day and the currency pair being traded.
Forex Trading Schedule in Hawaii
Forex trading in Hawaii starts on Sunday at 4:00 pm HST when the market opens in Sydney, Australia. The Sydney market is the first market to open, and it is followed by Tokyo, London, and New York. The forex market operates 24 hours a day, five days a week, and closes on Friday at 4:00 pm HST when the New York market closes.
On Sunday, the market in Sydney opens at 4:00 pm HST and closes at 11:00 pm HST. The Tokyo market opens at 6:00 pm HST and closes at 1:00 am HST on Monday. The London market opens at 12:00 am HST on Monday and closes at 7:00 am HST. Finally, the New York market opens at 3:00 am HST and closes at 11:00 am HST on Monday.
Forex Trading Hours in Hawaii
The forex market hours in Hawaii are as follows:
● Sydney Market: Opens at 4:00 pm HST and closes at 11:00 pm HST
● Tokyo Market: Opens at 6:00 pm HST and closes at 1:00 am HST
● London Market: Opens at 12:00 am HST and closes at 7:00 am HST
● New York Market: Opens at 3:00 am HST and closes at 11:00 am HST
The forex market operates 24 hours a day, five days a week, and closes on Friday at 4:00 pm HST when the New York market closes.
Factors That Affect Forex Trading Hours
Forex trading hours in Hawaii can be affected by several factors, including:
● Timezone: The forex market is open 24 hours a day, five days a week, and the trading hours vary depending on the trader’s location. Traders need to know their local trading hours to avoid missing trading opportunities.
● Currency pair: Each currency pair has different trading hours due to its location and the market it is traded in. For example, the USD/JPY pair has extended trading hours due to its trading volume in the Tokyo market.
● Daylight Saving Time: Daylight Saving Time (DST) can also affect forex trading hours in Hawaii. When DST is in effect, the trading hours shift by one hour, and traders need to adjust their trading hours accordingly.
Conclusion
Forex trading is a global market that operates 24 hours a day, five days a week. The market opens on Sunday at 4:00 pm HST in Hawaii when the Sydney market opens and closes on Friday at 4:00 pm HST when the New York market closes. Traders need to know their local trading hours to avoid missing trading opportunities and to adjust their trading hours accordingly during daylight saving time. With proper knowledge of forex trading hours, traders can make the most of the opportunities available and maximize their profits.
