Saturday, February 21, 2009
When is the Forex market open for trading?
The Forex market is a true 24-hour market - at any time of the day, somewhere around the world a financial center is open for business. Banks and other institutions exchange currencies every hour of the day and night with generally only minor gaps on the weekend. Forex trading begins at 14:15 Eastern Time Sunday markets open in Sydney and Singapore. At 19:00 Eastern Time the Tokyo market opens, followed by London at 2:00 Eastern Time. And finally, New York opens at 8:00 Eastern Time and closes at 17:00 Eastern Time - creating a seamless 24-hour market.
A benefit of Forex trading, unlike other financial markets, is that investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night. FX Solutions' trading hours are 17:15 Eastern Time Sunday to 16:30 Eastern Time Friday.