What Time Does The Forex Market Close On Friday In South Africa

Though we can declare that the forex market is available from sunday 17 00 est edt to friday 17 00 est edt we could even say it closes daily for a couple of minutes from monday to thursday at 17 00.

What time does the forex market close on friday in south africa. The forex map displays all four forex trading sessions and when they overlap. See at a glance the market hours for all our tradable products below. Although we can say that the forex market is open from sunday 17 00 est edt to friday 17 00 est edt we can also say that it closes every day for a few minutes from monday to thursday at 17 00 est edt. The term forex market hours basically refers to the time slot in which the participant trader can open close a position and exchange and speculate on the price movement of the currency pairs.

When does the market close. The international currency markets include various financial institutions like banks investment management companies commercial companies hedge funds and forex brokers and investors. The forex market is available for trading 24 hours a day five and one half days per week. The forex day starts with the opening of sydney s australia forex market at 5 00 pm est 10 00 pm gmt 22 00 and ends with the closing of new york s market a day after at 5 00 pm est 10 00 pm gmt 22 00 immediately reopening in sydney restart trading.

This map applies data that indicate that forex trading sessions are vary either 8am to 4pm or 9am to 5pm local time and anything between. The trading hours for all currency pairs is 00 01 server time to 23 59 server time daily 23 57 on friday whereas for gold is 01 02 server time to 23 57. Trader need to know trading server for example metatrader platform time. Before looking at the best times to trade we must look at what a 24 hour day in the forex world looks like.

However just because you can trade the market any time of the day or night doesn t necessarily mean that you should. The forex market can be broken up into four major trading sessions. The current session is indicated by the dark blue column on both maps in gmt. Please note that ic markets server time and charts are gmt 2 or gmt 3 when daylight savings is in effect.

There is a difference in 1 hour for some brokers. Use the legend below each map to get information on impending market openings and closings. It is the ny session close time. The stock market map displays the trading hours for major global stock exchanges.

So in south africa the forex market opens and closes at either 23 00 roughly between march and november or 00 00 roughly between october and march depending on the time of the year. Forex market close at 22 00 gmt winter and 21 00 gmt in summertime new york forex close time on friday for most forex brokers. However trading volumes fluctuate and are not equal across all sessions. The forex market is the only 24 hour market opening sunday 5 pm est and running continuously until friday 5 pm est.

The sydney session the tokyo session the london session and trump s favorite time to tweet the new york session.