Forex trading is a popular investment option that allows individuals to earn profits by trading different currency pairs. The forex market is a decentralized market that operates 24 hours a day, five days a week. However, the forex market does not operate on weekends and public holidays. In India, the forex market operates from Monday to Friday, and the market timings vary depending on the market session.
Forex market sessions
The forex market operates in four different sessions: the Sydney session, the Tokyo session, the London session, and the New York session. The timings of these sessions vary depending on the time zone. The Sydney session starts at 5 pm EST and ends at 2 am EST. The Tokyo session starts at 7 pm EST and ends at 4 am EST. The London session starts at 3 am EST and ends at 12 pm EST. The New York session starts at 8 am EST and ends at 5 pm EST.
When does forex market open in India?
In India, the forex market operates from 9 am to 5 pm, Monday to Friday. The market timings are aligned with the Asian market session, which includes the Tokyo and Singapore sessions. The Indian forex market is closed on weekends and public holidays, which means that traders cannot trade during these days.
The Indian forex market also follows the T+2 settlement cycle, which means that the settlement of trades takes place two business days after the trade date. For example, if a trade is executed on Monday, the settlement will take place on Wednesday.
Trading hours for different currency pairs
The forex market is divided into three trading sessions: the Asian session, the European session, and the North American session. The Asian session starts at 4 pm EST and ends at 1 am EST. The European session starts at 2 am EST and ends at 11 am EST. The North American session starts at 8 am EST and ends at 5 pm EST.
The trading hours for different currency pairs depend on the session in which they are traded. For example, the USD/JPY currency pair is traded during the Asian and North American sessions, while the EUR/USD currency pair is traded during the European and North American sessions.
Conclusion
Forex trading is a great investment option for individuals who want to earn profits by trading different currency pairs. The forex market operates 24 hours a day, five days a week, and the trading hours vary depending on the market session. In India, the forex market operates from 9 am to 5 pm, Monday to Friday, and follows the T+2 settlement cycle. Traders should keep track of the market timings and the different currency pairs’ trading hours to maximize their profits.
