The forex market is the largest financial market in the world, with a daily turnover of approximately $5.3 trillion. It operates 24 hours a day, 5 days a week, allowing traders to trade currencies at any time of the day or night. However, it is essential to know when the forex market closes in PST time to avoid any confusion and plan your trades accordingly.
The forex market operates across different time zones, and therefore, the closing time will vary depending on your location. In the Pacific Standard Time (PST) zone, the forex market operates from Sunday at 2 pm PST to Friday at 2 pm PST. During this time, traders can trade currencies from different parts of the world, including Europe, Asia, and the Americas.
The forex market operates in four major trading sessions, which are the Tokyo session, London session, New York session, and Sydney session. Each of these sessions has specific trading hours, and traders can take advantage of the market volatility during those hours.
The Tokyo session starts at 4 pm PST and closes at 1 am PST. It is the first major trading session of the day and is known for its volatility, especially when it overlaps with the London session.
The London session starts at 12 am PST and closes at 9 am PST. It is the most active trading session, accounting for approximately 35% of the total trading volume. During this session, traders can take advantage of the volatility in the market caused by the overlap with the Tokyo session.
The New York session starts at 5 am PST and closes at 2 pm PST. It is the second most active trading session, accounting for approximately 17% of the total trading volume. It is also known for its volatility, especially when it overlaps with the London session.
The Sydney session starts at 2 pm PST and closes at 11 pm PST. It is the least active trading session, accounting for approximately 4% of the total trading volume. However, traders can still take advantage of the market volatility during this session, especially when it overlaps with the Tokyo session.
It is important to note that the forex market does not close during the week, but it does close on weekends. The market closes on Friday at 2 pm PST and reopens on Sunday at 2 pm PST. During the weekend, traders cannot trade currencies, but they can still analyze the market and plan their trades for the following week.
In conclusion, the forex market operates 24 hours a day, 5 days a week, allowing traders to trade currencies at any time of the day or night. In the Pacific Standard Time (PST) zone, the forex market operates from Sunday at 2 pm PST to Friday at 2 pm PST. Traders can take advantage of the four major trading sessions, which are the Tokyo session, London session, New York session, and Sydney session, to trade currencies from different parts of the world. Knowing when the forex market closes in PST time is essential to plan your trades and avoid any confusion.
