The foreign exchange (forex) market is a decentralized market where currencies are traded globally. The forex market is open 24 hours a day, five days a week, from Monday to Friday. However, the market is not open on weekends, as banks, businesses, and financial institutions are closed during this time. In this article, we will discuss when the forex market closes in the UK.
The forex market is open 24 hours a day, five days a week, from Monday to Friday. The market opens on Sunday at 10:00 pm GMT and closes on Friday at 10:00 pm GMT. During this time, traders can trade currencies from different time zones around the world. The forex market operates in different time zones, and traders need to understand the market hours of the different trading sessions to make informed trading decisions.
The forex market is divided into four major trading sessions: the New York session, the London session, the Tokyo session, and the Sydney session. These sessions overlap, and the market is most active during the overlap period. The London session is the most active trading session, accounting for around 35% of the total trading volume. The New York session is the second most active session, accounting for around 20% of the total trading volume.
The forex market closes on Friday at 10:00 pm GMT and reopens on Sunday at 10:00 pm GMT. However, traders need to be aware of the different time zones and trading hours of the different sessions. The London session opens at 8:00 am GMT and closes at 4:00 pm GMT. The New York session opens at 1:00 pm GMT and closes at 9:00 pm GMT.
Traders need to be aware of the different time zones and trading hours of the different sessions to make informed trading decisions. For example, if a trader is based in the UK, they need to be aware that the London session is the most active trading session and that the market closes at 4:00 pm GMT. Traders need to adjust their trading strategy based on the trading hours of the different sessions.
In conclusion, the forex market is open 24 hours a day, five days a week, from Monday to Friday. The market closes on Friday at 10:00 pm GMT and reopens on Sunday at 10:00 pm GMT. Traders need to be aware of the different time zones and trading hours of the different sessions to make informed trading decisions. The London session is the most active trading session, and traders need to adjust their trading strategy based on the trading hours of the different sessions.
