Of course, rollover also takes place when the market closes on Friday. Soon after rollover, the Sydney trading session starts and the cycle is repeated. So, in Tanzania, the Forex market opens and closes at either 00:00 (**roughly between March and November) or 01:00 (**roughly between October and March), depending on the time of the year.Īlthough we can say that the Forex market is open from Sunday 17:00 EST/EDT to Friday 17:00 EST/EDT, we can also say that it closes every day for a few minutes from Monday to Thursday at 17:00 EST/EDT for rollover. session closes at 17:00 EDT, it is 00:00 in Tanzania. When it is summertime in the northern hemisphere and the U.S. session closes at 17:00 EST, it is midnight (01:00) in Tanzania. session and during certain times of the year it is also the start of the Sydney session.ĭuring the Northern Hemisphere’s winter, when the U.S. 17:00 New York time is the end of the U.S. We use New York time as our benchmark because the market open/close is always at 17:00 in New York, right through the year. The Forex market opens every Sunday at 17:00 New York time (*EST in winter and *EDT in summer) and closes every Friday at the same time. There are 4 main Forex trading sessions, the Sydney session, the Tokyo session, the London session, and the New York session. How late does the Forex market open and close? This can make it impractical and risky to trade close to rollover time, especially if you use a tight stop loss. Close to rollover time, the spreads on different currency pairs can be much wider than usual. The duration of rollover depends on the broker you use, but it’s usually between 2-5 minutes. We say “almost” because every day at rollover time (5 pm New York time), you are unable to place trades for a few minutes. We have made it easy for everyone to monitor Forex trading hours sessions while being anywhere in the world:ĭownload Free Forex Market Hours Monitor v2.11 (535KB) This is a simple program aligned to Eastern Standard Time.ĭownload Free Forex Market Hours Monitor v2.12 (814KB) Time zone option is added for most of North American and European countries.Forex trading can be done almost 24 hours a day, 5 days a week. If you haven't chosen a Forex broker yet, we recommend Forex brokers comparison to aid your search. When focusing on market hours, you should ignore the time frame on your trading platform (in most cases it'll be irrelevant), and instead use the universal clock (EST/EDT) or the Market Hours Monitor to identify trading sessions. Your Forex broker will offer a trading platform with a certain time frame (the time frame will depend on the country the broker operates from, or rather their servers location). What about your Forex broker Platform hours? London and Tokyo: between 3:00 am – 4:00am EST (EDT)įor example, trading EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active.Īt those overlapping trading hours you'll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market. Sydney and Tokyo: between 7:00 pm – 2:00 am EST (EDT) Most Active Hours = when two sessions overlap:New York and London: between 8:00 am – 12:00 noon EST (EDT) London opens at 3:00 am to 12:00 noon EST (EDT) Sydney opens at 5:00 pm to 2:00 am EST (EDT) Tokyo opens at 7:00 pm to 4:00 am EST (EDT) Open Forex Market Hours Monitor in a new windowįorex trading hours, Forex trading time:New York opens at 8:00 am to 5:00 pm EST (EDT)
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