In the world of forex trading, market hours refer to the time period during which dealers and brokers can trade currencies. While you may be able to trade currencies 24 hours a day and 5 days a week, most forex brokers offer limited market trading hours.
If you’t have the ability to access your broker or trading platform outside of market hours, then you won’t be able to trade outside those times. To help you understand more about how to trade during market hours, we’ll explain everything you should know in this article. Read on to learn more!
What are Forex Market Hours?
When you want to trade forex, you will want to find out when the market is open to trade. In other words, you need to know what are forex market hours? That’s because the forex market hours determine when you can actually place orders and execute trades.
In short, the forex market hours refer to the times of day when the currency market is open for trading. During the forex market hours, you can buy and sell currencies at the current market price.
What is the normal forex market trading hours schedule?
You’ll find that the normal forex market hours schedule varies by country. Most forex markets are open during the week from 9:00 am to 5:00 pm (EST). There are a few variations on this schedule, but they are not common. The Asian forex market hours are usually between 10:00 am and 5:00 pm. The Australian forex market hours are from 9:00 am to 5:00 pm.
The European forex market hours are from 8:00 am to 5:00 pm, and the New York forex market hours are from 8:00 am to 5:00 pm. Keep in mind that these are the normal forex market hours.
You should closely examine the forex market hours for each specific forex broker you want to trade with. Some brokers may have special market hours, and others may have extended hours.
Which days has the biggest forex trading volume?
The next thing you should know is what are the days with the biggest forex trading volume? This can help you choose the days on which you want to trade. The best days to trade forex are Monday, Tuesday and Wednesday.
These are the days with the biggest forex trading volume. Thursday, Friday and Saturday have the smallest volume. If you want to trade forex on the days with the biggest volume, you’ll need to choose your broker wisely. Some brokers don’t make their platforms available during the most active trading hours. So, you’ll need to find a broker that’s open during the times you want to trade.
How to trade during Forex market hours?
Now that you know what are forex market hours and the normal forex market hours schedule, you’re ready to trade during market hours. The first step is to choose the days on which you want to trade.
Once you’ve done that, you need to find a broker that’s open during your desired market hours. If you want to trade during market hours, you need to find a broker that has extended hours.
Most standard forex brokers close their doors during extended hours. In order to find a broker with extended hours, you’ll need to perform some research. You should look for forex brokers that provide 24/5 access to their platforms.
Conclusion
We hope this article has helped you understand what are forex market hours and the normal forex market hours schedule. You should also know which days have the biggest forex trading volume and how to trade during market hours.
Now you’re ready to find a broker that has extended hours and select the days on which you want to trade. With this information in hand, you can get started
