The forex trading market hours stretch from Monday morning in Sydney, Australia to Friday afternoon in New York. During that time the marketplace is open somewhere around the globe at all hours of the day or night.

However it is not a 24/7 market for the reason that it does close down on weekends. 24/5 might be more exact.

If you want to know the exact times that the markets open and shut down, you ought to take time zones into consideration. It is very simple when articulated in UTC. This is Unanimous Coordinated Time, formerly acknowledged as Greenwich Mean Time. This is the normal (winter) time in Greenwich, London which is the point of zero longitude on the earth. Consequently, the standard forex market hours are 22.00 Sunday UTC to 22.00 Friday UTC. This is 10 pm in the UK in winter time.

New York is 5 hours behind the UK so the international forex market opens and closes at 5 pm Sunday/Friday in New York, two pm on the US west coast, eleven pm in Germany, eight am Monday/Saturday in Sydney.

Things get a little complex when you start to attempt to take summer time daylight saving into account. This makes one hour difference in countries that watch it. But daylight saving operates in a different way in the southern hemisphere countries such as Australia which have summer time from September to March instead of March to September.

The hours of the different foremost national markets are as follows:

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

Or we can state that in EST (Eastern US time):

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

You can see that these correspond to twenty-four hour cover.

Nonetheless, this does not automatically imply that trading will be good at all of these times. Just after a main market opens, the prices can be very volatile and impulsive. Numerous traders will stay out of the forex market for up to an hour four times a day when the financial markets are waking up in these major cities.

The US dollar is the most traded legal tender by a long way, involved in 2.5 times as many trades as its nearest contender the euro. This means that events in the USA have a greater influence on the financial markets than events in other countries. The New York market tends to slow down around 3 pm local time (8 pm UTC) and if you are involved in a US dollar pair, this can be a great time to stop trading for the day.

So in theory you can operate twenty-four hours a day from Sunday night to Friday night. Automatic software in the form of a forex robot such as Forex MegaDroid can even make this physically doable. Nonetheless, a vigilant trader will choose his times and will not be operational throughout all of the forex market hours.

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