Forex trading hours, session schedule, holidays and weekends
The Forex exchange operates 24 hours a day, excluding weekends and holidays, although there are some divisions into trading sessions depending on time zones.
This point should also be taken into account in order to make your trading more successful, since sessions usually characterize market activity for certain currency pairs and have distinctive trading features.
Forex trading hours start at 11 pm GMT on Sunday and end at 10 pm on Friday.
GMT is used as the basis for all calculations, with a difference of +4 hours with Moscow time.
Therefore, you can start trading no earlier than 3:00 Moscow time on Monday, and close all orders no later than 2:00 Moscow time on Saturday.
Otherwise, your position will be carried over to the next week and you will have to pay an additional commission.
This table shows the Forex trading hours according to Greenwich Mean Time (GMT). To determine your region, simply add or subtract the difference to your Moscow time zone (+4).
The Pacific or Australian session runs from 7 PM to 6 AM. This is the quietest period. Major financial centers are closed, so there's no need to wait for global financial news releases. Trading at night and early morning is suitable for both professionals and forex novices.
Asian trading – covers the period from 11:00 PM to 9:00 AM, with particular activity observed in the second half of the trading platform's trading hours, which is from 8:00 AM to 1:00 PM Moscow time. European markets also open at the same time, which intensifies currency movements. Therefore, if you want to maximize your profits, trade in the morning.
The European trading session operates from 6:00 AM to 4:00 PM, and is the most convenient time, as it coincides almost entirely with Moscow. From 12:00 PM to 4:00 PM, it overlaps with the American trading session; statistically, this is the period when most contracts are concluded and sharp exchange rate fluctuations are observed.
It is ideal for trading for those who prefer to work during the day, as its operating hours almost completely coincide with the working day in the European part of Russia.
American - opens at 12:00 PM and closes late at 10:00 PM. Ideal for those who enjoy dynamic trends and work in the evenings, as the session closes at 2:00 AM Moscow time. This is also when most US dollar news is released.
Choosing the right trading session doesn't just depend on its hours of operation. It also includes a host of additional parameters, such as market volatility and the popularity of individual currency pairs, the impact of news on exchange rates, and other factors.
You can find out about holidays during which forex trading hours change here: https://time-forex.com/info/vyhodnye-prazniki-fore x
New changes to forex trading hours
In our world, everything is changing rapidly, and the process of stock trading is no exception. While the Forex market used to operate 24/7, brokers are now increasingly offering access to dealing services 24/7.
As for cryptocurrency trading, almost all brokerage companies now allow transactions with digital currencies even on Saturdays and Sundays.
You can learn about most of the trading features in the section http://time-forex.com/pary
