You may be wondering about the Forex market hours. These can be confusing for a beginner. You should first know how the market works. You can learn the details of the market by reading this article. Here are some examples. Forex market hours are not the same for everyone. Depending on where you live, you may have different trading hours than others. But, if you know what to look for, you should be able to trade currencies 24 hours a day.
When are the different currencies traded? The forex market is open on different time zones around the world, but the main trading hours are the same in most of them. The London and New York exchanges handle 50% of all currency trades. The Singapore and Sydney exchanges overlap from five to six p.m., though their volume is not as high as the London/New York window. The time of the market also depends on the day. The Asian session is the busiest, while the European session is the least active.
The forex market is best when it is active across multiple sessions. More trading opportunities and higher volatility occur during the overlap between the two major sessions. Major economic news announcements are the two biggest drivers of price volatility, and these events tend to cause spreads to widen. In addition, currency pairs tend to trade with tighter spreads during trading sessions with two active markets. If you have a full day, you should try to trade during the overlap between the two sessions.
The forex market is open twenty-four hours a day during the week and is closed on weekends. While most domestic markets close for several hours every day, the forex market is open 24 hours a day. There are four main trading sessions – Sydney, Tokyo, London, and New York. They start at 10pm UTC on Sunday and close at the same time on Friday. The Sydney session lasts for a couple of hours. However, the New York session is longer, spanning over eight hours each day.