Trading Currency 24/7 - Is This Really Possible?

Commencing from Monday morning in Australia to Friday afternoon in NY, the forex market is in business. Somewhere around the earth at all hours of the day or night, you transact currency.

It does wind up on weekends so it’s not a real 24/7 market. So probably the apt term would be 24/5 instead of 24/7.

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You must understand time zones though in order to determine exactly when the global markets will open and close. By using UTC, it becomes an undemanding procedure.

Greenwich or GMT is the past appellation of UTC or Universal Coordinated Time. This is the standard (winter) time in Greenwich, London which is the site of zero longitude on the earth.

Hence the standard foreign exchange market functioning times would be commencing from Sunday 22:00 UTC to Friday 22:00 UTC. This is 10 pm in Britain in winter time.

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

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The hours of the different primary national markets are as mentioned below:

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

Instead we can connote that in EST (Eastern US time):

Sydney: 5 pm through 2 am EST Tokyo: 7 pm through 4 am EST London: 3 am until 12 noon EST New York: 8 am until 5 pm EST

It’s apparent here that markets do officiate 24 hours a day in a global sense.

It doesn’t suggest that it is beneficial to trade at any time. When a significant market sets out in its morning, price movement is quite unreliable and wandering.

A huge number of traders premeditatively abstain from avoid trading from 1 to 4 hours daily during the 4 opening times of supreme bourses.

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So on paper you will be able to trade 24 hours a day from Sunday night to Friday night. Tangibly, In actuality, this is made viable foreign exchange software bots.

At any rate, a smart trader will choose his times and will not be active during all of the forex market hours.

Note: Forex investing is risky, can result in material losses, and is not appropriate for every person.