The forex market is the largest financial market in the world, with an average daily trading volume of over $5 trillion. It operates 24 hours a day, five days a week, and is open from Monday to Friday. However, the question of when the forex market week ends is not as straightforward as it may seem.
The forex market operates from Sunday at 5 pm EST (10 pm GMT) to Friday at 5 pm EST (10 pm GMT). This means that the forex market is open for 24 hours a day, from Monday to Friday, except for weekends. However, the forex market is not open for trading during the entire 24 hours. It is divided into four trading sessions that correspond to the opening hours of the major financial centers around the world.
The four trading sessions are the Sydney session, the Tokyo session, the London session, and the New York session. The Sydney session starts on Sunday at 5 pm EST (10 pm GMT) and ends at 2 am EST (7 am GMT) on Monday. The Tokyo session starts at 7 pm EST (12 am GMT) and ends at 4 am EST (9 am GMT) on Monday. The London session starts at 3 am EST (8 am GMT) and ends at 12 pm EST (5 pm GMT), while the New York session starts at 8 am EST (1 pm GMT) and ends at 5 pm EST (10 pm GMT).
The forex market week technically ends on Friday at 5 pm EST (10 pm GMT). However, traders need to be aware of the different trading hours for each session and adjust their trading strategies accordingly. For example, if a trader is based in the United States and wants to trade the London session, they will need to wake up early in the morning, as the session starts at 3 am EST (8 am GMT). Similarly, if a trader wants to trade the Tokyo session, they will need to stay up late at night, as the session starts at 7 pm EST (12 am GMT).
Another factor that affects the end of the forex market week is the time zone differences. The forex market operates on Greenwich Mean Time (GMT), which is the international standard for time. However, different countries have different time zones, which means that the start and end times of the forex market week may vary depending on the location of the trader.
For example, if a trader is based in New York, the forex market week will end on Friday at 5 pm EST (10 pm GMT). However, if a trader is based in Tokyo, the forex market week will end on Saturday at 6 am EST (11 am GMT). This is because Tokyo is 13 hours ahead of New York, and the forex market operates on GMT.
In conclusion, the forex market week ends on Friday at 5 pm EST (10 pm GMT). However, traders need to be aware of the different trading sessions and adjust their trading strategies accordingly. They also need to consider the time zone differences and the location of the trader. By understanding the trading hours and the end of the forex market week, traders can make informed decisions and maximize their profits.
