Worldwide stock exchanges usually close around the end of the workday in each relevant time zone. The Forex market is different in that it is open 24 hours a day for 5 days a week. It is important for traders to know when some of the biggest markets open and close, as trading these financial markets can be a good time to take profit because with the large volumes of trades happening during these hours there is good volatility and thus opportunity.
Do forex markets close?
Yes, the Forex market closes on Friday at 22:00 GMT for every weekend.
When does the Forex market open?
The Forex market opens for business on every Sunday at 22:00 GMT.
Which forex market is open now?
|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|
Are Forex markets open or closed on weekends?
Forex markets are closed on the weekends, and there are no trades being opened or closed during this time. If you have open trades going into the market close, you should understand TomNext Adjustments.
I often find that it is on the weekends that I am best able to plan my trading week. This is a good time to understand what major news events could be taking place, reading an analysis of what could happen following these events, and doing your own historical analysis of similar previous events. During times like market opens, there is a great opportunity for scalping, but it is the best prepared who can take advantage of these.
When do the markets close?
If you’re a day trader, you can keep track of the local closing times of each market and how they correlate to your local time by having a look through this list and the conversion table.
- NASDAQ: 4pm Eastern Standard Time
- New York Stock Exchange (NYSE): 4pm Eastern Standard Time
- National Stock Exchange of India (NSE): 3:30pm India Standard Time
- Johannesburg Stock Exchange (JSE): 5pm Central African Time
- London Stock Exchange (LSE): 4:30pm Greenwich Mean Time
- Swiss Exchange (SIX): 5:30pm Central European Time
- Oslo Stock Exchange (OSE): 5:30pm Central European Time
- Stockholm Stock Exchange (OMX): 5:30pm Central European Time
- Frankfurt Stock Exchange (FSX): 10pm Central European Time
- Australian Securities Exchange (ASX): 4:12pm Australian Eastern Standard Time
- Tokyo Stock Exchange (TSE): 3pm Japan Standard Time
- Hong Kong Stock Exchange (HKEX): 4pm Hong Kong Time
- Nigerian Stock Exchange (NSE):4pm West African Time