Forex trading, also known as foreign exchange trading, is the buying and selling of currencies on the global market. As the largest financial market in the world, with an average daily turnover of $5.3 trillion, forex trading is a lucrative and exciting opportunity for traders of all levels of experience. However, knowing when the forex market opens is crucial to making informed trading decisions. In this article, we will explore when forex trading opens next.
Forex market hours
The forex market is open 24 hours a day, five days a week, from Monday to Friday. However, not all trading sessions are created equal, and different trading sessions have distinct characteristics that traders need to be aware of.
The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each trading session has its own unique features, including trading volumes, volatility, and liquidity.
The Sydney session
The Sydney session is the first trading session to open and begins at 10 pm GMT on Sunday. It lasts until 7 am GMT on Monday. The Sydney session is known for its low liquidity and trading volumes, making it less volatile than other trading sessions. However, this session can still offer potential trading opportunities for traders who are willing to take on a little more risk.
The Tokyo session
The Tokyo session follows the Sydney session and opens at 12 am GMT on Monday. It lasts until 9 am GMT. The Tokyo session is known for its volatility and high liquidity, making it a favorite among traders. The Tokyo session is particularly important for traders who are interested in trading the Japanese yen.
The London session
The London session opens at 8 am GMT and lasts until 5 pm GMT. It is the most active and liquid trading session, with the majority of forex trading volume taking place during this time. The London session is known for its high volatility, making it an ideal time for traders who prefer to take on more risk.
The New York session
The New York session opens at 1 pm GMT and lasts until 10 pm GMT. It is the last trading session of the day and is known for its high volatility, particularly during the overlap with the London session. The New York session is an ideal time for traders who prefer to take a more conservative approach to trading.
When does forex trading open next?
Forex trading opens next on Sunday, September 5th, 2021, at 10 pm GMT, with the start of the Sydney session. This will be followed by the Tokyo session, which opens at 12 am GMT on Monday, September 6th, 2021. The London session will then open at 8 am GMT, followed by the New York session at 1 pm GMT.
It is important to note that forex trading hours may vary depending on your broker and your location. Some brokers may offer extended trading hours, while others may close during bank holidays or other special events. It is essential to check with your broker to confirm their trading hours and any potential changes to their schedule.
Conclusion
Knowing when forex trading opens next is crucial to making informed trading decisions. The forex market is open 24 hours a day, five days a week, and is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each trading session has its own unique features, including trading volumes, volatility, and liquidity. Traders should be aware of these characteristics and take them into consideration when planning their trades.
