The FX market begins from Monday morning in Tokyo, Japan to Friday afternoon in New York. Somewhere around the world at all hours of the day or night, you deal in currency.

This would in reality be appropriate in weekdays only as the market is closed on weekends. 24/5 would be more accurate.

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

It was previously known as GMT which is Greenwich Mean Time and is at present UTC denoting Universal Coordinated Time. This is the standard (winter) time in Greenwich, London which is the site of zero longitude on the sphere of earth.

In these terms, the routine operating hours of the forex market would be from Sunday 22:00 UTC to Friday, 22:00 UTC. This corresponds to10pm winter time in the UK.

Seeing 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 lastly 8 am Monday and 8 am Saturday in Australia, Sydney to be exact.

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In short, the major national forex markets have the these hours:

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

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

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

You can recognize that these accord to 24 hour cover.

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

This is why knowledgeable traders will delay their trading for a period of as much as an hour 4 times a day when the major destinations commence their market day.

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In theory then, trading can be accomplished from Sunday night until Friday night, 24 hours daily. In reality, this is made viable foreign exchange software bots.

Nonetheless, a careful trader will choose his times and will not be active during all of the forex market hours.

Disclaimer: FX investing can be dangerous, may end up in substantial losses, and is not suited for everyone.

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