Forex Trading Hours
Forex market operates 24 hours a day. This flexibility avails forex traders an opportunity to trade any time of a day or at night. As a forex trader you can enter the market a number of times a day. This allows you to earn some of the profits after every number of trades of trades you do and perhaps maybe even lose one if you made the wrong trading decision. However, understanding the forex trading hours is very important if you choose to trade currencies. You can trade currencies 24 hours a day, 5.5 days a week; you not only receive greater freedom but also more time to trade the forex market. Let’s discover the trading hours in forex.
As forex trading times is concerned, forex market begins Sunday at 5 pm EST to Friday at 4 pm EST and then it begins again 5 pm EST. Trading starts in forex in Australia and flows through the open and close of the major financial trading centers in Asia, in the Middle East, Europe, the United States, and then back again to Australia. The major markets in London, Tokyo and New York with trading activities the heaviest when major market opens. Let’s find out more about the forex trading hours online.
In the forex market you will always noticed someone anywhere in the world will be purchasing and selling currencies. You will also notice that when one market ends, another market begins. The daily foreign currency trading volume is determined by which forex market hours are open. Forex market transaction volume is always high during the whole day. However, it peak the highest when the Asian market, the European market and the US market opens at the same time. Let’s get to know the precise online forex trading hours of the major markets of forex.
1) New York market opens at 8 am – 4 pm EST2) London market opens at 2 am – 12 am EST
3) Tokyo market opens at 8 am – 4 am EST
4) Australia market opens at 7 pm – 3 am EST
5) Great Britain market opens at 3 am – 11 am EST