The forex market is a 24-hour market that operates from Monday to Friday. It is a global market where currencies are traded around the clock, with different trading sessions taking place in different time zones. However, the forex market does not operate continuously throughout the 24-hour period. There are specific times when the market opens and closes for each trading session. In this article, we will explore the question of when the forex market closes on Friday.
The forex market operates in four main trading sessions: the Asian session, the European session, the North American session, and the Pacific session. Each of these sessions has different opening and closing times, depending on the time zone in which they are located. The Asian session, for instance, opens at 9:00 PM GMT on Sunday and closes at 8:00 AM GMT on Friday. The European session opens at 8:00 AM GMT and closes at 5:00 PM GMT, while the North American session opens at 1:00 PM GMT and closes at 10:00 PM GMT. Finally, the Pacific session opens at 11:00 PM GMT and closes at 8:00 AM GMT.
When it comes to the question of when the forex market closes on Friday, it is important to note that the market operates in the GMT time zone. This means that the market closes at 10:00 PM GMT on Friday, which is the end of the North American session. This is the time when the market officially closes for the week, and trading activity ceases until the market reopens on Sunday.
It is important to note that while the forex market officially closes at 10:00 PM GMT on Friday, there may still be some trading activity during the weekend. This is because the forex market is a decentralized market, meaning that it does not have a central exchange. Instead, trading takes place electronically between traders and institutions around the world. This means that trading can take place at any time, even during weekends and holidays.
However, it is important to note that trading during the weekend is typically less active than during the week. This is because many traders and institutions take the weekend off, and there is generally less news and economic data released during this time. As such, trading during the weekend can be more volatile and unpredictable, with wider spreads and lower liquidity.
In conclusion, the forex market officially closes at 10:00 PM GMT on Friday, at the end of the North American trading session. While trading can technically continue during the weekend, it is generally less active and more volatile than during the week. As such, traders should be aware of the market hours and plan their trades accordingly to avoid any unexpected volatility or losses.
