The Forex market is open 24 hours a day for 5 days a week. The best times for South Africans to trade is during the London session and the start of the New York session. News events and other trading activity during these sessions cause a great amount of volatility opening up 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 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.
Do Forex markets close?
The Forex market closes on Friday at 22:00 GMT for every weekend.
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|
Are Forex markets open or closed on weekends?
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: 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
It is important to know when some of the biggest markets open and close. Trading these markets when they open can create good opportunities. High volatility creates more trades and an opportunity for a trader to profit.