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 is open for trading from Sunday 5 PM EST to Friday 5 PM EST. However, the forex market is not open for trading all the time. The opening and closing times of the forex market vary depending on the time zone. In this article, we will discuss what time does the forex market open in the Pacific Standard Time (PST) zone.
The Pacific Standard Time (PST) is the time zone that covers the western part of the United States, including California, Oregon, and Washington. It is eight hours behind Coordinated Universal Time (UTC-8). This means that when it is 12:00 PM (noon) in New York, it is only 9:00 AM in California.
The forex market operates on a 24-hour clock, and the opening and closing times of the market are based on the time in New York. The forex market opens at 5:00 PM EST on Sunday and closes at 5:00 PM EST on Friday. However, this does not mean that the forex market is open for trading all the time during these hours.
The forex market is 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 opening and closing times, and the trading activity in the market varies depending on the session.
The Sydney session opens at 5:00 PM EST on Sunday and closes at 2:00 AM EST on Monday. This session is characterized by low volatility and low trading volumes. The Tokyo session opens at 7:00 PM EST on Sunday and closes at 4:00 AM EST on Monday. This session is known for its high volatility and liquidity.
The London session opens at 3:00 AM EST and closes at 12:00 PM EST. This session is known for its high trading volumes and volatility, as it overlaps with the Tokyo session. The New York session opens at 8:00 AM EST and closes at 5:00 PM EST. This session is also known for its high trading volumes and volatility, as it overlaps with the London session.
In the Pacific Standard Time (PST) zone, the forex market opens at 2:00 PM on Sunday and closes at 2:00 PM on Friday. However, this does not mean that all the trading sessions are open during this time. The Sydney session opens at 2:00 PM PST on Sunday and closes at 11:00 PM PST on Sunday. The Tokyo session opens at 4:00 PM PST on Sunday and closes at 1:00 AM PST on Monday. The London session opens at 11:00 PM PST on Sunday and closes at 8:00 AM PST on Monday. The New York session opens at 4:00 AM PST and closes at 1:00 PM PST.
It is important to note that the trading hours of the forex market may vary depending on the daylight saving time (DST) changes. During the DST periods, the opening and closing times of the forex market may be shifted by one hour. Traders should always check the current trading hours of the forex market to avoid any confusion.
In conclusion, the forex market operates 24 hours a day, five days a week, and is open for trading from Sunday 5 PM EST to Friday 5 PM EST. In the Pacific Standard Time (PST) zone, the forex market opens at 2:00 PM on Sunday and closes at 2:00 PM on Friday. However, the trading activity in the market varies depending on the trading sessions. Traders should always check the current trading hours of the forex market to plan their trading strategies accordingly.
