The Forex Market Hours
The Forex market is open 24 hours a day for 5 days a week. While the Forex market is open for 24 hours, the volatility in the market is driven by other economic news, so when the equity and commodity markets are closed, and businesses are less active, the market will become void of trading opportunities.
As such, Forex traders look for trading opportunities while the major Global markets are open. The most common times for South Africans to trade is during the London session, and the open of the New York session as these are the times the day when there can be explosive market volatility. News events and other trading activity during these sessions cause a great amount of volatility as well, which opens up both expected and unexpected trading opportunities.
When does the Forex market open today?
The Forex market opens for the week every Sunday at 22:00 GMT. There is the most volatility in the Forex market when the world’s stock markets are open. So when the European markets are open, there will be more volatility in EUR currency pairs. And when the New York market opens, there will be more volatility in the major pairs.
When Does The Forex Markets Close?
The Forex market closes on Friday at 22:00 GMT for every weekend.
Are Forex markets open on weekends?
Market Opening Times
|Region||City||Open (GMT)||Close (GMT)|
|Europe||London||8:00 am||5:00 pm|
|Frankfurt||7:00 am||4:00 pm|
|America||New York||1:00 pm||10:00 pm|
|Chicago||2:00 pm||11:00 pm|
|Hong Kong||1:00 am||10:00 am|
|Pacific||Sydney||10:00 pm||7:00 am|
|Wellington||10:00 pm||6:00 am|
Trading Market Opens
When do the stock markets close?
Below is a list of stock markets around the world, and their closing times. Not everyone trades the majors, so if you trade the exotic pairs, this list could interest you. When it comes to exotic pairs, I don’t advise anyone to trade a currency during the period that the home market is closed. This does not apply to the major currencies like USD, EUR & GBP.
It is best to avoid trading these exotic currencies when the home markets are closed. Especially if you trade shorter time intervals. This is because the market will likely be in a sideways ranging trend where there is no volatility.
There is only one exception to this rule. This is when traders make money from the swap in the carry trade to make a profit from the difference in interest rates between the currencies. The ZAR and AUD currencies are good carry trade currencies.
- NASDAQ: 4 pm Eastern Standard Time
- New York Stock Exchange (NYSE): 4 pm Eastern Standard Time
- National Stock Exchange of India (NSE): 3:30 pm India Standard Time
- Johannesburg Stock Exchange (JSE): 5 pm Central African Time
- London Stock Exchange (LSE): 4:30 pm Greenwich Mean Time
- Swiss Exchange (SIX): 5:30 pm Central European Time
- Oslo Stock Exchange (OSE): 5:30 pm Central European Time
- Stockholm Stock Exchange (OMX): 5:30 pm Central European Time
- Frankfurt Stock Exchange (FSX): 10 pm Central European Time
- Australian Securities Exchange (ASX): 4:12 pm Australian Eastern Standard Time
- Tokyo Stock Exchange (TSE): 3 pm Japan Standard Time
- Hong Kong Stock Exchange (HKEX): 4 pm Hong Kong Time
- Nigerian Stock Exchange (NSE): 4 pm West African Time
Because the volatility in the Forex market is driven by other financial markets, it is important to know when these markets open and close. Trading these markets when they open can create good opportunities, as high volatility always comes with an opportunity for a trader to profit.