By the time you finish reading this post, you will have a complete understanding of the Forex hours and sessions. At this point you may be asking, if Forex is indeed a 24 hour market, why can I only trade Monday through Friday? This brings me to a very common misconception in the Forex world — the idea that the market closes on weekends. In truth, the Forex market never closes.
The only thing that closes is the ability for retail traders to participate. What is a retail trader, you ask?
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Put simply, a retail trader is someone who buys or sells for their personal account , and not for another company or organization. So unless you are an institutional trader, you are a retail trader.
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So although the ability for retail traders to participate is halted over the weekends, the Forex market as a currency exchange is alive and well. For now, just know that the market never closes due to the needs of international trade, as well as the needs of central banks and global industries to conduct business.
It then closes each Friday at 5 pm EST. There are various sessions that occur around the world which make up the Forex hours each day. Because this is a 24 hour market, there is always at least one active trading session. There are even times when these sessions overlap. Under the revised timings, the central bank has increased trading hours by one to one and a half hours. All these markets will open at 10 AM.
Back in April, the RBI had revised trading hours in view of the coronavirus pandemic and the subsequent lockdowns, social distancing guidelines, restrictions on movement of people and non-essential activities, work from home arrangements, and business continuity plans.
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With the Centre allowing economic activities to come out of lockdown, the RBI has extended the trading hours for markets under its control. Settings Logout. Candlestick Screener. Stock Screener.
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Powered by. Font Size Abc Small. Abc Medium. Abc Large. Agencies From November 9, , the trading hours have been extended by 90 minutes till 3. Ambani slips 3 places on global rich list: What spooked RIL stock?