Singapore - Open 1:00 am and close 10:00 am GMT.Hong Kong - Open 1:00 am and close 10:00 am GMT.Frankfurt - Open 7:00 am and close 4:00 pm GMT.New Zealand - Open 10:00 pm and close 6:00 am GMT.We've listed the major forex sessions but there are also four minor sessions to consider in this global market: These forex trading hours relate to the time period between November and March (Winter). New York opens at 12:00 pm and closes 10:00 pm GMT, which is 7:00 am and 5:00 pm local time.London opens at 7:00 am and closes 5:00 pm GMT, which is 7:00 am and 5:00 pm local time.(Tokyo hours aren't affected by daylight savings) Tokyo opens at 11:00 pm and closes 9:00 am GMT, which is 8:00 am and 6:00 pm local time.Sydney opens at 10:00 pm and closes 8:00 am GMT, which is 9:00 am and 7:00 pm local time.Here are the opening and closing forex market hours during daylight savings for the four major markets: The time period between November and March will see adjusted trading hours because of daylight savings. Yes, daylight savings times do affect the regular forex market operating hours. These forex trading hours relate to the time period between April and October (Summer).ĭoes daylight savings times affect forex market trading hours? New York opens at 1:00 pm and closes 11:00 pm GMT, which is 9:00 am and 7:00 pm local time.London opens at 8:00 am and closes 6:00 pm GMT, which is 9:00 am and 7:00 pm local time.
Here are the opening and closing forex market hours for the four major markets: The Sydney session is generally referred to because it is the first session that starts a new week, though the three major sessions where activity is at its peak are the Asian trading session (Tokyo), European trading session (London), and North American trading session (New York). The forex market will then close over the weekend at 9:00 pm Friday GMT. The market first opens on Monday in New Zealand at 8:00 am local time, followed by the start of one of the major market sessions in Sydney at 9:00 am Monday local time, which is 10:00 pm GMT Sunday. The forex market is open 24 hours a day, 5 days a week, across the world.
With these sessions covering multiple time zones, forex traders can take advantage of the benefits of forex trading anytime.Įven if you are strapped for time and only have an hour spare each day, there will still be a market that is open and ready for trading! What are the forex market hours? When they discover the forex market hours are 24 hours a day, 5 days a week, the next question is, “ How is that possible?”.Īnd the answer is relatively simple: because the forex market lacks a central exchange, forex trading “follows the sun”, moving from one country to the next as the trading sessions continue so that each market overlaps neatly.Īs a general rule, foreign exchange market hours are from Monday to Friday and are paused on the weekends when the major banks are closed.Īs a result, the forex market is usually classified by three major trading sessions: Tokyo session, London session, and New York session. As interest in forex trading grows, it is common to find new traders asking questions like " What time is the forex market open?”.
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