Are Forex Markets Open on Weekends? See Reasons

Affiliate Disclaimer: This post may contain affiliate link or links

Are forex markets open on weekends? The answer is NO! That is not the case. Five days a week, the forex market is open.

Traders avoid trading on weekends due to poor liquidity, since major trading players such as central banks and financial institutions are closed.

As a result, instead of trading on weekends, you should utilize them to analyze the market, hunt for trading chances, and refine your tactics. The forex market is open 24 hours a day throughout the week, however it closes on weekends.

Are Forex Markets Open on Weekends?

On weekends, there is little liquidity and no volatility since big players such as banks are closed. In addition to weekends, the forex market is closed on national and bank holidays.

The forex market is normally closed on weekends for the most of Saturday and Sunday.

Similarly, the forex market closes for the week on Friday at 9 p.m./10 p.m. GMT, and depending on where you are in the world, it closes either on Friday or early Saturday morning.

From 5 p.m. EST on Sunday to 4 p.m. EST on Friday, the forex market is open 24 hours a day in various regions of the world.

Read more article: Foreign Exchange Market Today

Can you trade forex on the weekend?

The designated period of time during which participants in the foreign currency market are permitted to deal is referred to as forex market hours.

The most important takeaway

The designated period of time during which participants in the foreign currency market are permitted to deal is referred to as forex market hours.
Except on weekends, the currency market is open for trading 24 hours a day.
The forex market is decentralized, with local sessions in Sydney, Tokyo, London, and New York being the most important.
The amount of trade fluctuates from one session to the next, with the biggest activity occurring when the London and New York sessions coincide.
The benchmark spot foreign exchange rate, which many money managers and pension funds use for daily assessment and pricing, is determined at 4 p.m. London time.

The timetable by which forex market players may buy, sell, swap, and speculate on currencies all around the globe is known as forex market hours.

During the week, the FX market is open 24 hours a day, however it shuts on weekends. The weekend, on the other hand, is constricted when time zones shift.

The FX market in New York City starts on Sunday at 5 p.m. local time. It shuts at 5 p.m. on Fridays and reopens 48 hours later to start the new week.

Traders from all around the globe may trade in the FX market while it is open, however trading conditions may vary.

Banks, commercial enterprises, central banks, investment management organizations, and hedge funds, as well as retail forex brokers and investors from all over the globe, make up the international currency markets.

Except for the weekend break, this market may be accessed at any time since it runs in various time zones.

The international currency market is controlled by a worldwide network of exchanges and brokers rather than a single main exchange.

The trading hours for the forex market are determined by when each participating country’s markets are open for business. While there are overlaps in historical periods, it is widely agreed that the following are the most active for each region:

8 a.m. to 5 p.m. in New York (EST)
7 p.m. to 4 a.m. in Tokyo (EST)
3 p.m. to 12 a.m. in Sydney (EST)
3 a.m. to 11 a.m. (EST) in London

London and New York are the two busiest time zones. The time when these two trading sessions overlap (London afternoon and New York morning) is the busiest, accounting for the bulk of the volume transacted throughout the day, with billions of dollars changing hands.

The Reuters/WWM benchmark spot foreign exchange rate is set during this time period. Many money managers and pension funds utilize the rate, which is determined at 4 p.m. London local time, for daily valuation and pricing.

Particular Points to Consider

Despite the fact that the forex market is open 24 hours a day, several currencies in developing economies are not.

The US dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar, and Swiss franc are the world’s seven most traded currencies, all of which are exchanged continually while the forex market is open.

Speculators frequently trade in pairings between these seven currencies from across the globe, albeit they prefer periods when there is more activity.

When trading volumes are high, forex brokers will provide narrower spreads (bid and ask prices that are closer together), lowering traders’ transaction costs.

Similarly, institutional traders prefer periods with greater trading volume, even if they are willing to pay larger spreads in exchange for the ability to trade as soon as possible in response to fresh information.

Despite its extremely decentralized design, the forex market remains an effective transfer mechanism for all players and a globally accessible access tool for those who seek to speculate.

Learn the Fundamentals of Investing and Trading
Are you interested in learning more about trading and investing? There are plenty of courses to get you started, regardless of your learning style.

You may select from a variety of courses taught by real-world professionals and study at your own speed with Udemy’s lifelong access on mobile and desktop.

You’ll also learn the fundamentals of day trading, option spreads, and other topics. Learn more about Udemy and sign up now.

Read more article: Foreign Exchange Market Definition

Is Forex Trading open on Sunday?

The only answer is NO! You can not trade forex on Sunday, forex market is open 24 hours a day five days a week from Monday to Friday, please always take note that forex can not be trade on Sunday.

What can I trade on Saturdays?

The only answer is NO! You can not trade forex on Saturday, forex market is open 24 hours a day five days a week from Monday to Friday, please always take note that forex can not be trade on Saturday.

What are the hours of the forex market?

The designated period of time during which participants in the foreign currency market are permitted to deal is referred to as forex market hours.

There is usually at least one currency trading session active on weekdays, while there are times when the market is very calm and trade volume is low or “thin.”

When just one trading session is available, you should avoid trading and instead wait for trading periods to overlap.

The number of traders actively buying and selling a particular currency skyrockets when two major financial hubs are open.

The peak trading volume happens when the London and New York trading sessions coincide. These two financial hubs account for more than half of all trade activity.

Although the forex market theoretically never shuts, retail traders may only trade between the hours of 5:00 p.m. ET on Sunday and 5:00 p.m. ET on Friday.

When does the FX market start trading?

The currency market opens at 5:00 p.m. ET on Sunday.
When does the foreign exchange market close?
The FX market closed at 5:00 p.m. ET on Friday.

What are the different types of forex market sessions?

In the currency market, there are four trading sessions:
From 9:00 p.m. until 6:00 a.m. UTC, Sydney is open.
From 12:00 a.m. until 9:00 a.m. UTC, Tokyo is open.
From 7:00 a.m. until 4:00 p.m. UTC, London is open.
From 1:00 p.m. until 10:00 p.m. UTC, New York is open.

Read more article: Learn Forex Trading Step by Step

Tired of losing? Try Zero to Hero Today!

Takeaway Points

The designated period of time during which participants in the foreign currency market are permitted to deal is referred to as forex market hours.
Except on weekends, the forex market is open for trading 24 hours a day.
Local sessions, four in particular—Sydney, Tokyo, London, and New York—drive the forex market since it is decentralized.
The trading volume fluctuates from one session to the next, but when the London and New York sessions coincide, the trading volume is usually the largest.
The benchmark spot foreign exchange rate, which many money managers and pension funds use for daily assessment and pricing, is determined at 4 p.m. London time.

Read more article: Foreign Exchange Market Today

Understanding the Hours of the Forex Market

The timetable by which forex market players may buy, sell, swap, and speculate on currencies all around the world is known as forex market hours.

During the week, the forex market is open 24 hours a day, however it closes on weekends. The weekend, on the other hand, is constricted when time zones shift.

The forex market in New York City starts on Sunday at 5 p.m. local time. It closes at 5 p.m. on Fridays and reopens 48 hours later to start the new week.

Traders from all around the world may trade in the forex market while the market is open, however trading conditions may vary.

Banks, commercial enterprises, central banks, investment management organizations, and hedge funds, as well as retail forex brokers and investors from all over the world, make up the international currency markets.

Except for the weekend break, this market may be accessed at any time since it runs in various time zones.

Tired of losing? Try Zero to Hero Today!

The international currency market is controlled by a worldwide network of exchanges and brokers rather than a single market exchange.

The trading hours for the forex market are determined by when each participating country’s markets are open for trading. While there are overlaps in historical periods, it is widely agreed that the following are the most active for each region:

8 a.m. to 5 p.m. in New York (EST)
7 p.m. to 4 a.m. in Tokyo (EST)
3 p.m. to 12 a.m. in Sydney (EST)
3 a.m. to 11 a.m. (EST) in London

London and New York are the two busiest time zones. The time when these two trading sessions overlap (London afternoon and New York morning) is the busiest, accounting for the bulk of the volume transacted throughout the day, with billions of dollars changing hands.

The Reuters/WWM benchmark spot foreign exchange rate is set during this time period. Many money managers and pension funds utilize the rate, which is determined at 4 p.m. London local time, for daily valuation and pricing.

Read more article: Things to know about Forex market

Particular Points to Consider

Despite the fact that the forex market is open 24 hours a day, several currencies in developing economies are not.

The US dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar, and Swiss franc are the world’s seven most traded currencies, all of which are exchanged continually while the forex market is open.

Speculators frequently trade in pairings between these seven currencies from across the world, albeit they prefer periods when there is more activity.

When trading volumes are high, forex brokers will provide narrower spreads (bid and ask prices that are closer together), lowering traders’ transaction costs.

Similarly, institutional traders prefer periods with greater trading volume, even if they are willing to pay larger spreads in exchange for the ability to trade as soon as possible in response to fresh information.

Despite its extremely decentralized design, the forex market remains an effective transfer mechanism for all players and a globally accessible access tool for those who seek to speculate.

What are the best days to trade forex?

Let’s take a look at the whole trading week in detail. First and foremost, from late Sunday to Monday, there is a gradual increase in activity. The rise then accelerates and peaks on Tuesday.

On Wednesday, there is a little drop in trade volatility, followed by a rise the following day.

The most volatile day of the week is Thursday, which is closely followed by Friday. All trading stops about 17:00 GMT on Friday, and the market stays dormant for the weekend.

Read more article: How to use VPS for Forex Trading

Conclusion

In short, while the forex market is indeed open 24 hours a day, 5 days a week, that doesn’t mean that it’s open on weekends. On Saturday and Sunday, regular currency brokers do not send orders to the Forex market, so the market is static during that time.

You can still trade the Forex market on weekends it’s just not being driven by mainstream traders during those hours. However, if you’re willing to take more risk of having your trades fail, you could take advantage of smaller traders who are working on their own schedules.

Forex markets are not open on weekends. They vary across countries and cities, but the one trend we see is all the markets are closed on Friday and Saturday. This applies to both the physical markets and online FX broker services.

The foreign exchange market is the biggest and most liquid market in the world. With a 24-hour trading cycle the size of trillions of dollars, it is not unusual to see it being open on weekends.

In fact, some professional traders even trade three hundred times per day (this means they can trade around 10% to 15% a day). It is never too late or too early for forex traders to make money, which is why forex markets are never closed.

Read more article: Tips on Forex Trading for Beginners

Tired of losing? Try Zero to Hero Today!

Download Jurik Bands Indicator Here!