What are Forex Trading Hours? | Opening and Closing Hours

forex market
forex market

What time does the forex market open Many investors wonder, but forex does not have any opening hours. Because forex is a market that is open 24 hours a day.

The Forex market is also the most liquid and largest market for foreign currency exchanges. It offers its investors the opportunity to trade 5 hours a day, 24 days a week. The fact that the market is open around the clock is due to the fact that there is at least one market that is always open at any time of the day.

Each country has its own trading hours, but when one country's trading hours are over, another country opens the market. Forex trading hours There is a relationship between liquidity and liquidity. Since the liquidity of the market is high during some trading hours, the transactions and orders you make in that hour can be executed instantly.

There are 4 major forex centers in the world. London, New York, Sydney and Tokyo. Forex traders prefer hours when several market centers are open at the same time. Sessions with the most intense transactions; European, Asian and North American sessions.

Forex trading hours why is it so important? Because the liquidity situation rises during the busiest hours of the forex market, which affects the spread rates. In other words, trading at the right trading hours allows you to realize your profit with higher amounts.

Spread is a cost that you have to pay for each trade. To summarize what is the spread in a single sentence; is the difference between the buying and selling prices. These spreads narrow during the busiest hours of the market. In other words, less transaction fees are deducted from your transactions. This allows you to make more profit indirectly.

That's why forex traders pay attention to trade during the trading hours of the 4 big centers.

What Time Do Forex Markets Open?

There is no such thing as the Forex market serving within the framework of certain rules and only at certain hours. With this feature, it differs from the stock market.

Traders usually use the 09:00-18:00 range as the trading time. However, there is no opening or closing time for forex markets.

The London Stock Exchange opens at 10 and closes at 18:00.

For those who ask about the US Stock Exchanges, we can inform you that the New York Stock Exchange opens at 15:00 and closes at 00:00.

When we look at the trading hours of Forex markets, first Tokyo, then London, then New York markets are opened. Transactions are concluded with the closure of the New York Stock Exchange at 00:00 on Friday night.

If we answer the question of whether Forex is open on the weekend; no it is not. If you want to trade in Forex, you can trade 5 hours a day, 24 days a week.

What is the Best Trading Hour for Forex Trading?

If you want to trade in the Forex market, the best time zone is the most lively and busy hours of the market.

In general, the busiest volume trading hours are London and New York session hours. Trading in these timeframes where the two markets overlap helps you both earn more profits and benefit from better spreads.

The largest volume forex market hours are as follows;

  • Tokyo: 02:00-11:00
  • London: 10:00 - 19:00
  • New York: 15:00- 00:00
  • Sydney: 00:00 – 11:00

If you trade using these time intervals, you will not wait and you will find more trading opportunities.

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