Forex trading is a global market that operates 24 hours a day, five days a week. However, the market does not operate on weekends, which are Saturday and Sunday. Therefore, the forex market opens on Monday at 5:00 PM New York time and closes on Friday at 5:00 PM New York time. However, there are exceptions to this rule, and this article will explain when forex starts on Sunday.
The forex market is decentralized, which means that it does not have a central location or exchange. Instead, it operates electronically through a network of banks, financial institutions, and individual traders. As a result, the forex market operates across different time zones, and the market opens and closes at different times depending on the location.
The forex market opens on Sunday at 5:00 PM New York time, which is Monday morning in Asia, Australia, and New Zealand. This is because these regions are ahead of the United States in terms of time zones. Therefore, when it is Sunday evening in New York, it is already Monday morning in Asia, Australia, and New Zealand.
The forex market opens in Sydney, Australia, at 5:00 PM New York time on Sunday. The market then moves to Tokyo, Japan, at 7:00 PM New York time, followed by Singapore and Hong Kong at 9:00 PM and 10:00 PM New York time, respectively. The market then moves to Europe, with Frankfurt, Germany, opening at 2:00 AM New York time, followed by London, UK, at 3:00 AM New York time. Finally, the market moves to New York, USA, at 8:00 AM New York time.
It is important to note that not all forex pairs are available for trading during the Sunday session. The liquidity and volatility of the market are generally lower during this time, and some brokers may not offer trading on all pairs during this time. Therefore, traders should check with their broker to find out which pairs are available for trading during the Sunday session.
In addition to the Sunday session, there are other times when the forex market operates outside of the regular hours. These include holidays, which vary across different countries and regions, and daylight saving time changes, which affect the opening and closing times of the market.
In conclusion, the forex market operates 24 hours a day, five days a week, and opens on Sunday at 5:00 PM New York time. The market operates across different time zones, and the available trading pairs may vary during the Sunday session. Traders should check with their broker to find out which pairs are available for trading during this time.
