Forex, also known as foreign exchange, is the market where traders buy and sell currencies from around the world. Since forex operates on a global scale, it is open 24 hours a day, five days a week. However, there are certain times when the forex market is more active and when it is less active. In this article, we will discuss when the forex market opens again after the weekend break.
Forex market hours
The forex market is open 24 hours a day, five days a week. This means that traders can access the market at any time during the week. However, the currency market is not open on weekends. The forex market operates in different time zones, and the opening and closing times vary depending on the location.
The forex market opens on Sunday at 5 pm EST (10 pm GMT) and closes on Friday at 5 pm EST (10 pm GMT). During this time, traders can buy and sell currencies from around the world, making it the largest financial market in the world.
When does the forex market open again after the weekend break?
After the weekend break, the forex market opens on Sunday at 5 pm EST (10 pm GMT). This is when the first major market to open is the Sydney market, followed by the Tokyo market, then the London market, and finally the New York market. The forex market operates in a 24-hour cycle, so as one market closes, another one opens.
The forex market is closed on weekends because banks and other financial institutions are closed. The forex market operates on a global scale, and different countries have different working days and holidays. For example, in the United States, the forex market is closed on Thanksgiving Day and Christmas Day. In the United Kingdom, the forex market is closed on Boxing Day and New Year’s Day.
Trading hours
The forex market operates in different time zones, and the trading hours vary depending on the location. The following is a breakdown of the trading hours for the major forex markets:
1. Sydney market: 5 pm to 2 am EST (10 pm to 7 am GMT)
2. Tokyo market: 7 pm to 4 am EST (12 am to 9 am GMT)
3. London market: 3 am to 12 pm EST (8 am to 5 pm GMT)
4. New York market: 8 am to 5 pm EST (1 pm to 10 pm GMT)
During the trading hours, the forex market is more active and volatile. This is because there are more traders buying and selling currencies, which creates more movement in the market. Traders can take advantage of this volatility by making profitable trades.
Conclusion
The forex market is open 24 hours a day, five days a week. After the weekend break, the forex market opens on Sunday at 5 pm EST (10 pm GMT). The trading hours vary depending on the location, and traders can take advantage of the increased volatility during the trading hours. It is important for traders to understand the market hours and trading hours to make profitable trades.
