Forex opening hours, session schedule, holidays and weekends
The Forex exchange operates 24 hours a day, with the exception of weekends and holidays, and there is some division 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 23:00 GMT (Greenwich Mean Time) on Sunday and end at 22:00 on Friday.
It is GMT that is taken as the basis for all calculations; the difference with Moscow time is +4 hours.
Therefore, you can start trading no earlier than 3:00 Moscow time on Monday, and close all orders no later than 2:00 on Saturday.
Otherwise, your position will roll over to the next week and you will have to pay an additional commission.
This table shows Forex operating hours in Greenwich, to determine your region, simply add or subtract the difference in your time zone Moscow +4.
Pacific or Australian session - takes place from 19 pm to 6 am, the quietest period, the main financial centers do not work, so you don’t have to wait for the release of global financial news. Trading at night and early in the morning is suitable for both professionals and forex beginners.
Asian - covers the period from 23 to 9 am, special activity is observed in the second half of work on this trading platform; according to Moscow time, this is the period from 8 am to 1 pm. At the same time, European markets begin to operate, which increases currency movements. Therefore, if you want to make the most profit, then trade in the morning.
European - operates from 6 a.m. to 4 p.m., and is the most comfortable working time, as it practically coincides with Moscow. From 12 to 16, it intersects with the American trading session; according to statistics, it is during this period that most contracts are concluded and sharp jumps in the exchange rate are observed.
Excellent for trading for those who like to work during the day, since its operation time almost completely coincides with the working day in the European part of Russia.
American - starts working from 12 noon and ends late in the evening at 22 o'clock. Ideal for those who like a dynamic trend and work in the evenings, since the session closes at 2 a.m. Moscow time. It is also at this time that the largest amount of news on the US dollar comes out.
The choice of a suitable trading session does not end only with its opening hours, but also contains a lot of additional parameters such as market volatility and the popularity of individual currency pairs, the impact of news on exchange rates and some other points.
You can find out about holidays during which forex opening hours change here - https://time-forex.com/info/vyhodnye-prazniki-fore x
New changes in forex operating hours
In our world, everything is changing rapidly, and the process of exchange trading does not remain unchanged. If previously the Forex market worked 5/24, now brokers are increasingly appearing that provide access to dealing seven days a week.
As for trading cryptocurrencies, almost all brokerage companies already allow you to make transactions with digital currencies even on Saturday and Sunday.
You can find out most of the features of trading in the section http://time-forex.com/pary