Forex market hrs run 24-hours a day during the week, but the marketplace is closed on weekends. This constant trading is just possible since forex is traded all over the world in decentralised venues.
Foreign exchange market hrs are broken up into four major trading sessions: Sydney, Tokyo, London as well as New York City. These are the largest trading centres, accounting for almost 75% of FX everyday volume. The marketplace is open from 10pm (UTC) on Sunday– when the Sydney session starts– to 10pm on Friday when the New york city session shuts for the weekend.
When is the best time to trade foreign exchange?
1» 1 pm to 4 pm (GMT) when both New York City as well as London exchanges are open
2» 12 am to 7 am (GMT) when both Tokyo as well as Sydney exchanges are open
3» 8 am to 9 am (GMT) when both Tokyo and London exchanges are open
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