Forex, or foreign exchange, is the largest financial market in the world, with an average daily trading volume of around $5 trillion. It is a decentralized market, which means that trading takes place 24 hours a day, five days a week. This can make it difficult for traders to keep track of when the market is open or closed, especially on Fridays. In this article, we will explain when time does Forex close on Friday.
Forex Trading Hours
Forex trading hours are divided into four main sessions: the Sydney session, the Tokyo session, the London session, and the New York session. These sessions overlap, which means that trading can take place around the clock.
The Sydney session starts at 10 pm GMT on Sunday and closes at 7 am GMT on Monday. The Tokyo session starts at midnight GMT and closes at 9 am GMT. The London session starts at 8 am GMT and closes at 5 pm GMT. Finally, the New York session starts at 1 pm GMT and closes at 10 pm GMT.
When Does Forex Close on Friday?
Forex trading hours on Fridays vary depending on the session. The Sydney session closes at 7 am GMT on Friday, while the Tokyo session closes at 9 am GMT. The London session closes at 5 pm GMT, and the New York session closes at 10 pm GMT.
However, it is important to note that even though the New York session officially closes at 10 pm GMT on Friday, trading can continue in other parts of the world. For example, the Asian markets open at 10 pm GMT on Friday, and the Sydney session opens at 10 pm GMT on Sunday. This means that there is a gap of around 48 hours during which trading is closed.
Weekend Trading
Although the Forex market is closed over the weekend, some brokers offer weekend trading. Weekend trading allows traders to speculate on the price movements of certain assets over the weekend. However, it is important to note that weekend trading is risky, and the spreads can be wider than during regular trading hours.
In addition, not all brokers offer weekend trading, and those that do may have limited trading hours. Therefore, it is important to check with your broker before engaging in weekend trading.
Conclusion
In conclusion, Forex trading hours are divided into four main sessions, which overlap to allow trading around the clock. The market is closed over the weekend, with the New York session officially closing at 10 pm GMT on Friday. However, trading can continue in other parts of the world, and some brokers offer weekend trading. It is important for traders to be aware of the trading hours and to check with their broker before engaging in weekend trading.
