Market Hours

Market Hours

Foreign exchange (Forex or FX) currency markets do not trade on a regulated exchange like stocks and commodities do. The market consists of a network of financial institutions and retail trading brokers  each of which have its own individual hours of operation.

Most participants trade between the hours of 8:00 a.m. and 4:00 p.m. in their local time zone, making these times the main hours that the market is opened and closed. In fact, because of the different location of the major markets, as it turns out, the Forex market is available for trading 24 hours a day, five and one-half days per week.

Most successful day traders understand that trades are most successful if conducted when market activity is high and that it is best to avoid times when trading is light.

It is advisable to concentrate trading activity during the trading hours for the three largest market centers–London, New York, and Tokyo–and most market activity will occur when one of these three markets is open. In addition, some of the most active market times will occur when two or more market centers are open at the same time.

Canadian markets work the same as the American markets. Australian markets are open the same hours as the other Asian markets despite the country’s location being in a totally different sphere of the world.

Because of the global nature of the Forex markets, binary option traders can virtually trade whenever they wish from wherever they are. Especially with the use of mobile applications, trading has become an all day, every day experience.

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