When does the Forex Market open?

When does the Forex Market open? This is a common question. The Forex Market is made up of a network of financial institutions and retails brokers that gives you the ability to create your own trading hours. Theoretically, the Forex Market is open 24 hours a day, seven days a week, 365 days a year, which makes it an interesting market as it adapts to our schedules. But there may be a limit.

Therefore, it matters to us to know when does the Forex Market open. The Forex Market opens in Australia on a Sunday night and closes in New York on a Friday night. Most traders trade between 8 am and 4 pm in relation to the local time zone. However, you can find open markets at any time anywhere in the world to trade.

Thus, the Forex Market operates 24 hours a day because it involves the participation of traders from all countries. The opening and closing times in different countries are different due to the difference in time zones, so when the opening times and closing times of all countries are combined, the result obtained is that of a 24-hour market.

Opening and Profit

Although the Forex Market is open for a long time, most veteran day traders understand that the most profitable trades (entry and exit) occur when the market is active, that is, during working hours when there is a greater concentration of traders. ongoing negotiations.

Many experts suggest that you should concentrate your trading hours according to the three largest markets: London, New York and Tokyo. So there are great chances that you will be successful in Forex.

Others claim that the best times to trade in Forex are those in which the three largest centers in the Forex Market are open at the same time because most fluctuations and activities will occur (with a consequent profit) when these markets are operating.

Others say that the best time to trade Forex is when the Europe/Asia markets are open simultaneously. Or when the North America/Europe markets are open simultaneously.

One of the best times to trade is during the overlapping sessions in London and the USA, from 8 am EST to 12 pm EST. The market tends to be more active during this period, with liquidity and trading volume at its highest level.

The fact is that the market is more volatile during the first hour of each trading session because it must react to the previous trading session and any reports and announcements that are communicated. Sometimes, it is better not to trade during these periods to avoid unstable trading conditions.

Other Considerations

Here are the opening and closing times of the major foreign exchange markets (Eastern Standard Time):

• New York: 8 am to 5 pm EST
• Sydney: 5 pm to 2 am EST
• Tokyo: 7 pm to 4 am EST
• London: 3 am – 12 pm EST

It is worth mentioning that you should watch other markets (stocks, bonds, futures, oil, gold etc) during US trading hours: you will be able to understand where Forex can go. Trend trading strategies can perform very well during the opening period of exchanges in the US because of the big moves.

Still in relation to the opening and closing of markets: unlike stock and futures exchanges, the foreign exchange market does not stop on holidays. Different countries observe different holidays. It may be Thanksgiving Day in the United States, but the stock exchanges do not stop in London and Tokyo. Likewise, a holiday in Tokyo will be just another day of trading in the US and London. The only common holiday in the world is New Year’s Day.

Knowing how to work with the opening times of the Forex Market generates many opportunities for trading and profit 24 hours a day. Therefore, the information you have just read is one of the many pieces of information you need to know to increase your chances of being successful in Forex. So stay tuned on our Blog for you to make good daily profits.

Furthermore, as each market session is different, you should always use a demo account to get an idea of the “unique personality” of each market. Never start trading blindly with your own money in a market that you have not tested and experienced.

AvaTrade offers its participants the possibility to participate in the Forex Market from a demo account, for which you do not need to invest to conduct trades.It is an attractive option that will favor you in the search for big profits and will help you understand how to make trades depending on the opening and closing times of the Forex Market worldwide, and other times.