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When Does the Forex Market Open and Close

There is a common misconception that the Forex market is open 24 hours a day seven days a week. Theoretically the global Forex market is open 24 hours seven days a week but an individual is still limited to the hours he can trade. Opposed to other regulated markets such as that of the stock exchange the Forex market is a network of financial institutions and retail trading brokers which gives them the ability to create their own hours of operation. Forex hours of operation are in accordance to their time zone. Most establishments trade between the hours of 8 a.m. to 4 p.m. relative to their local time zone.

On average the Forex market is available for trading 24 hours a day along with 5 1/2 days per week. It should also be noted that most veteran day traders understand that there are more profitable trades conducted when market activity is high during working hours. In other words it is possible to trade at any time of the day, late at night even, but it might not necessarily be the most profitable time due to light activity.

Many experts suggest that you should concentrate your trading hours in accordance to the three largest Forex currency market centers which include London, New York, and Tokyo. By targeting these three major markets you can fully utilize the maximum market activity and have the greatest potential for being successful in your daily Forex trading. Market specialist also suggest that the most serious Forex traders specifically target and do their business when these major markets centers are open at the same time. This brief overlap in the time zones of the markets result in the most active market times for trading.

Unfortunately one of the downsides that most novice traders will come across in Forex is that there is a high learning curve. This often means that it will take a while before the novice trader gains the experience and knowledge necessary to enjoy the full prosperity of the Forex market and their investments. Luckily this is no longer the case. Expert traders are now willing to share their advice, knowledge, and help beginning Forex trader's understand the market and make lots of money. One of the best 20+ year expert veteran Forex trader who is offering his help and is by far one of the best ones out there coaching is Jason Alan Jankovsky at the Forex Brotherhood

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