Is Forex Trading a 24/7 Operation?

Forex trading begins in financial hub of Australia – Sydney on Monday morning until Friday afternoon in the US West Coast. Someone around the globe is busy in forex trading at any given point.

Still it is not a 24/7 market since it does stop during weekends. So possibly the suitable term would be 24/5 instead of 24/7.

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You ought to understand time zones though in order to determine exactly when the global markets will open and close. It is very lucid when represented in UTC.

It was hitherto known as GMT which is Greenwich Mean Time and is currently UTC signifying Universal Coordinated Time. This is the standard (winter) time in Greenwich, London which is the locus of zero longitude on the earth.

In these terms, the acknowledged operating periods of the forex market would be from Sunday 22:00 UTC to Friday, 22:00 UTC. This is 10 pm in England in winter time.

Following that New York time is 5 hours behind UK time, the forex market globally would open and close at Sunday 5 pm and Friday 5 pm in New York, 2 pm at the west coast of the US, 11 pm at Germany and then 8 am Monday and 8 am Saturday in Australia, Sydney to be exact.

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The hours of the different leading national markets are as below:

Sydney: 10 pm to 7 am UTC Tokyo: 12 midnight to 9 am UTC London: 8 am to 5 pm UTC New York: 1 pm to 10 pm UTC

Alternatively we can connote that in EST (Eastern US time):

Sydney: 5 pm till 2 am EST Tokyo: 7 pm until 4 am EST London: 3 am till 12 noon EST New York: 8 am until 5 pm EST

You can behold that these assimilate to 24 hour cover.

However, this does not consequently mean that trading will be good at all of these occasions. Early minutes of post opening trading in crucial markets are usually typified by extremely unstable price movements.

A huge number of traders knowingly refrain from avoid trading from 1 to 4 hours daily during the 4 opening times of major league bourses.

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Thus in theory, trading can be effected from Sunday to Friday, 24 hours every day. Tangibly, In actuality, this is made practicable foreign exchange software bots.

But the prudent trader trades during optimal times and is thus not trading during the complete operating hours of the foreign exchange market.

Note: Forex trading is high-risk, can result in material losses, and is not suited for everybody.