Forex market is open 24 hours a day and 5 days a week. However, it does not mean it is always active.
Let us check what a 24-hour day in the forex world looks like.
The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session.
When can you trade forex?
You can trade forex almost anytime because the forex market is open 24 hours a day, five days a week. It’s like a global market that never sleeps. Here’s a simple breakdown:
Weekdays: Forex trading is available from Monday to Friday. It starts in Asia and moves through Europe to North America as the day progresses.
So, you can trade during the business hours of these regions.
Weekends: Forex trading is generally closed on weekends because banks and financial institutions are closed during that time.
Time Zones: Since the forex market covers different time zones, you can find active trading hours during most parts of the day and night.
For example,
When it’s nighttime in the United States, it’s daytime in Asia, and vice versa. This means you can trade at various times depending on your schedule.
So, whether you’re an early bird or a night owl, you can usually find a suitable time to trade forex.
Just keep in mind that market activity and volatility can vary depending on the time of day, so it’s a good idea to consider your trading strategy and goals when choosing your trading hours.