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To make it easier to understand when exchanges are open, you should view the opening and closing times at each location worldwide with a common base reference time. For instance, the information you're reading here is referenced in GMT. This isn't wrong, but it can become confusing. Using a time that is standard worldwide makes it easier for you to know when you can trade.
If you're trading when the U. The forex market is open at each location for at least eight hours. When you look for information on the markets, you'll see that they are often referred to as being open "24 hours a day. While the explanation isn't complicated, it might feel a little strange.
There are two factors to become familiar with. First, if it's midnight in New York, and the New York forex market is closed, it's the middle of the trading day somewhere else, such as Tokyo, for instance. Second, keep in mind that forex, as a worldwide market, is entirely virtual. There's no trading pit anywhere. When you enter a midnight forex trade on your laptop in New York, the trade is executed in Tokyo or in another of the several trading centers worldwide that are open when you initiate the trade.
You can trade anytime you want, although you should note that you'll get the narrowest spreads the broker's profit margin when the maximum number of trading centers are open. To be more precise, when the trading volume for your currency trade is greatest, you'll have the lowest broker transaction fees. Any given trading center is open for eight hours or more per trading day, but this really doesn't matter, because somewhere in the world, a trading center is open.
Yet another source of confusion has to do with how many days a week the forex is open. Some websites may declare without further explanation that the forex is "open 24 hours a day, seven days a week," while others might note that the forex market is open "five days a week. Both statements are true if you put them in context. They contradict each other, because trading centers are only open for eight hours, but you can trade 24 hours a day.
Since the exchanges are in different time zones, there are hours and days in which they are open that overlap. So, it is true that while trading centers keep five-day work weeks, somewhere in the world, another trading center is open when that trading center is closed.
This is the happy result for traders of how the day of the week shifts forward or back as you cross the international dateline. In short, you can forex trade anytime you want. Since you don't have to be present in a trading pit or speak with a broker to make trades, you can trade when it's best for you. Your trade might execute halfway around the world, but it doesn't matter, because a forex market is open somewhere.
That's the basic information you need—at least when it comes to trading times. Remember that you'll get the best trading spreads when the volume is peaking. Forex trading peaks when the greatest number of major trading markets are open. On that note, there are never more than two major markets open at any given moment.
Since most participants trade between the hours of a. Forex Market Time Converter. Refresh page every minutes set refresh to 0 to turn off refresh. Holidays not included. Not intended for use as an accurate time source. Please send questions, comments, or suggestions to webmaster timezoneconverter.
The forex market is available for trading 24 hours a day, five and one-half days per week. However, just because you can trade the market any time of the day or night doesn't necessarily mean that you should. Most successful day traders understand that more trades are successful if conducted when market activity is high and that it is best to avoid times when trading is light. Event Planner.
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Because foreign currencies are in high demand, the forex market is open 24 hours a day, and trading is not done at one central location. Currency trading is unique because of its hours of operation. The week begins at 5 p.m. EST on Sunday and runs until 5 p.m. on Friday. Not all hours of the day. Looking to trade anytime? The forex market is the place for you, trading is open continuously 24 hours per day, five days a week.