Foreign Exchange 24 Hours of market trade a Day

The ability of the forex to trade over a 24 hours period is due in part to different time zones, rather than any one physical exchange that closes at a particular time. When you hear that the U.S. dollar closed at a certain rate, it simply means that was the rate at market close in New York. But it continues to be traded around the world long after New York’s close.

While us at daily20pip are focused on Frankfurt market where the GBP are trade in the Big volume so we can catch a big opportunity from the Poundsterling movement at Frankfurt Market.

The Forex market is open 24 hours a day from 5pm EST on Sunday until 4pm EST Friday. The reason that the markets are open 24 hours a day is that currencies are in high demand. The international scope of currency trading means that there are always traders somewhere who are making and meeting demands for a particular currency.

The market trading starts with the opening of the Australasia area, followed by Europe and then North America. As one region’s markets close another opens, or has already opened, and continues to trade in the forex market. Often these markets will overlap for a couple hours providing some of the most active forex trading.

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