The forex market, also known as the foreign exchange market, is the largest financial market in the world. It operates 24 hours a day, five days a week, from Monday to Friday. The market is closed on weekends, but some brokers offer limited trading hours on Saturdays.
The forex market’s operating hours are divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each session has its own unique characteristics, and traders can take advantage of the overlaps between them to trade currencies around the clock.
The Sydney session is the first to open, followed by the Tokyo session, the London session, and finally the New York session. The forex market opens on Sunday at 5:00 pm EST (Eastern Standard Time) and closes on Friday at 5:00 pm EST. During the week, the market is open 24 hours a day, except for a one-hour break between 5:00 pm and 6:00 pm EST on Friday.
It’s worth noting that the exact opening and closing times of the forex market may vary depending on the broker and the time zone. For example, some brokers may open their trading platforms a few minutes earlier or later than the official market hours. Additionally, some countries observe daylight saving time, which can further affect the trading hours.
In summary, the forex market operates 24 hours a day, five days a week, from Monday to Friday. The market is closed on weekends, but some brokers offer limited trading hours on Saturdays. The market opens on Sunday at 5:00 pm EST and closes on Friday at 5:00 pm EST, with a one-hour break between 5:00 pm and 6:00 pm EST on Friday. However, traders should always check with their broker for the exact trading hours and any variations due to time zones or daylight saving time.
