Forex Market Times
The forex market times last 24 hours a day, 5 days a week. International currency markets consist of investment management firms, commercial companies, banks, hedge funds, central banks, as well as retail forex brokers (learn more about What is forex broker) and investors worldwide. Currency Market does not operate in a single time zone, thus, due to flexible forex trading times, traders can have access to this market at any time. In fact, the international currency market is not dominated by a single market exchange, as it involves a global network of exchanges and brokers throughout the world.
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Forex Trading Times Benefits
Forex Trading Hours are based on when trading is open in participating countries: London/Europe (3 AM to 12 noon EST), Tokyo (7 PM to 4 AM EST), Sydney (5 PM to 2 AM EST) and New York (8 AM to 5 PM). Forex market times provide traders with many trading opportunities, for instance, you can trade scheduled interest rate announcement at 11 AM EST in Australia as easily, as the US interest rate announcement at 1 PM EST. Since currency markets almost never close, there are no time restrictions for traders, so you can enjoy the benefits of global trading opportunities 24 hours a day, except for weekends.
Unlike stock traders, who can just wait and do nothing while different economic news are shaking global sensitive markets (you can check stock market trading hours in the "Trading hours" section), Forex traders enjoy the privilege of exiting a trade or entering to the market 24 hours a day, 5 days a week. In this way, Forex traders can reduce risk and don’t have to wait for an opening bell.They just enjoy varioustrading opportunities that happen around the clockthrough a huge network of interconnected banks.
Currency traders can place their trades when major markets overlap and as follows they can take advantage of the volatility that is generated during this period of time. As a rule, the most volatile Forex market conditions are created when the following trading sessions overlap: Sydney/Tokyo, Tokyo/London and London/New York. As a trader you should keep in mind that market volatility is essential for Forex traders.
