Are forex markets always open?

The forex market in general is open continuously from 11:00 PM Sunday until 11:00 PM Friday, London time, in different parts of the world. Normally, the highest trading activity occurs when London and New York are both open (between 8:00 AM — 12:00 noon EST).

There are four major markets for forex trading in the world: Sydney, Tokyo, London and New York. They are not all always open at the same time, but their opening times overlap.

While you’ll have no problems with liquidity when trading major pairs like the EUR/USD, trading exotic or regional pairs is a different beast. For example, when trading NOK/SEK you’ll find that the most liquid market hours are usually when the respective countries (Norway and Sweden in this case) both have their markets open. When either country is on holiday, expect spreads – the difference between bid and ask prices – to be very wide.

Also, when volatility is expected to be higher, spreads can widen. For example, an election, or a meeting of the US Fed can cause great volatility on the market.

Author of this article

Bence András Rózsa

Author of this article

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Bence András Rózsa

Broker Analyst

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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