What Time Does The Forex Market Close?

What Time Does the Forex Market Close?

The foreign exchange market (forex) is renowned for its high liquidity and continuous operation, making it a preferred choice for traders worldwide. Unlike other financial markets with fixed hours, forex operates 24 hours a day during weekdays, offering unique opportunities and challenges. In this article, we’ll explore the closing times of the forex market, the multiple factors that influence these times, and what they mean for traders.

Understanding Forex Market Hours

The forex market operates in four major time zones: Sydney, Tokyo, London, and New York. Due to the market’s global nature, there’s always a session open in some parts of the world, which means the market never really “closes” during the week.

  1. Sydney Session: Opens at 10 PM GMT (Greenwich Mean Time) on Sunday, marking the start of the forex trading week.
  2. Tokyo Session: Begins at 12 AM GMT and overlaps with the Sydney session.
  3. London Session: Commences at 8 AM GMT, coinciding with the Tokyo session’s end.
  4. New York Session: Starts at 1 PM GMT, overlapping with the London session.

Weekends and Holidays

The forex market typically “closes” on Friday at 10 PM GMT when the New York session ends. This closure continues over the weekend. The market reopens with the Sydney session on Sunday at 10 PM GMT.

However, it’s essential to note that the market is officially closed during weekends and major holidays (like Christmas or New Year). This closure means no regular trading activities occur, and the liquidity is extremely low.

Time Zone Overlaps and Impact

The overlaps between different forex sessions are crucial for traders due to the increased liquidity and volatility. These overlaps often present the best trading opportunities but also carry higher risks.

Closing Time and Its Significance for Traders

Understanding when the forex market closes is crucial for planning trading strategies. The end of the New York session on Friday is often characterized by significant price movements as traders close their positions to avoid weekend risk. These times can offer opportunities and expose traders to higher volatility and risks.


While the forex market operates 24/5, understanding its closing times, particularly the end of the New York session on Friday, is crucial for effective trading. Traders should also know the impacts of time zone overlaps and plan their strategies accordingly.

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