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Forex market hours available to you will depend entirely on your location. If you need to discover the actual times that the Forex markets open and close, you also have to take time zones into account. It is very simple when expressed in UTC. This is Universal Coordinated Time, previously known as Greenwich Mean Time. This is the normal (winter) time in Greenwich, UK , the location of zero longitude on the globe.

So, the standard forex market hours are 22.00 Sunday UTC to 22.00 Friday UTC. It is 10 pm in the UK in winter time.

Nevertheless it is not a 24/7 market because it does shut on Saturdays and Sundays. 24 hours/5 days a week is likely to be more correct.

New York City is 5 hours behind the UK so the global currency exchange market opens and closes at 5 pm Sunday/Friday in New York, 2 pm on the US western seaboard, 11 pm in Munich, Germany, 8 am Monday-Saturday in Sydney.

Times get a little complicated when you start to attempt to take daylight saving into consideration. This will make an hour alteration in countries that observe it. Then again daylight saving functions in a different way in the southern hemisphere countries like Australia which have summer months from September until March instead of March till September.

The actual hours of the various major national markets are as follows:

Sydney: 10 pm until 7 am UTC

Tokyo: 12 midnight until 9 am UTC

London: 8 am until 5 pm UTC

New York: 1 pm till 10 pm UTC

Or you can easily express that in (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 till 5 pm EST

You will notice that these correspond to 24 hr coverage.

Even so, that does not always mean that trading is going to be good at all of these times. Right after a primary market opens, the prices can become very volatile and changeable. Many professionals will keep away from the forex market for approximately an hour four times a day when the financial markets are waking up in those major cities.

The US Dollar is the most frequently traded forex by a long way, involved in 2.5 times as many trades as its closest rival the euro. This suggests that events in the USA have a larger impact on the financial markets than issues in other nations. The New York market has a tendency to decline around 3 pm local time (8 pm UTC) and if you are involved in a US Dollar pair, this could very well be a good time to quit trading for the day.

So theoretically you can trade 24 hours everyday from Sunday night till Friday night. Autopilot software in the form of a forex robot can probably make this physically achievable. In spite of this, a cautious trader will select his times and would not be active throughout all of the forex market hours.

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