The Forex day starts with the opening of Sydney's Australia Forex market at 5: EST is an abbreviation for Eastern Standard Time e. New York , while GMT is an abbreviation for Greenwich Mean Time e.

The main Forex markets, in the order of their opening times, are: Sydney, Tokyo, Frankfurt, London and New York. On the chart below, you can see the hourly course of the Forex-trading day.

Forex Market Hours - Forex - Investopedia

Tokyo's market doesn't start in the proper time zone due to the fact that it opens 1 hour after the other markets 9: The following table illustrates the opening and closing local times for a Forex day and week, in function of time zones. If you live in New York you can see from the table GMT-5 that daily trade starts at 5: The weekly opening is at Sunday, while the weekly closing is Friday.

Familiarize yourself with your local opening and closing times, because this will impact when you must close your day trades.

For example, if you live in London GMT , the Forex day ends and restarts at If you open a position at 9: If you open a position at The Forex market is the only hour market, opening Sunday 5 PM EST, and running continuously until Friday 5 PM EST.