Commencing from Monday morning in Australia to Friday afternoon in NY, the forex market is abuzz. Somewhere around the earth at all hours of the day or night, you buy and sell foreign exchange.

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Still it is not a 24/7 market for it does stop during weekends. 24/5 would be more accurate.

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You will need to understand time zones though in order to surmise exactly when the global markets will open and close. A plain means to do this would be to use UTC units.

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Greenwich or GMT is the bygone title of UTC or Universal Coordinated Time. It is the precise winter time at zero longitude on the globe and that being Greenwich, London.

So, the typical FX market hours are 22.00 Sunday UTC to 22.00 Friday UTC. This is 10 pm in Britain in winter time.

Since UK is ahead of New York by 5 hours, the forex market internationally will open and terminate 5 pm Sunday / Friday in NY, 2 pm West Coast, 8 am Monday/Saturday Australia and 11 pm, in Germany.

In a nutshell, the major national forex markets have the the below cited hours:

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

Illustrated 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

It’s visible here that markets do function 24 hours a day in a global sense.

However, this does not compulsorily mean that trading will be good at all of these occasions. When a big market sets out in its morning, price movement is quite unreliable and wandering.

Many traders will stick out of the foreign exchange market for up to an hour four times a day when the financial markets are getting up in these major cities.

So hypothetically you could trade 24 hours a day from Sunday night to Friday night. Tangibly, In actuality, this is made practicable foreign exchange software bots.

In the face of this, accomplished traders will choose to select optimal times and not persist on effecting transactions in the forex market during the whole time that it is working.

Note: FX investing is not risk free, may end up in substantial losses, and is not suitable for every person.