Forex is one of the fastest-growing trading markets in the world. It has gotten a lot of popularity in second-world countries. The reason behind Forex’s growth is the accessibility it offers. Traders can choose their hours. It is open to everyone all the time. Traders can trade globally.
The forex market operates in sessions. So, what time does the forex market open on Sunday?
What time does the forex market open on Sunday – The trading mechanism
The forex market is open 24/5. Hence, traders can open and close trades all week except for the weekend. The weekdays trading hours are open 24 hours a day.
There are 4 trading sessions open in Forex;
- New York session
- London session
- Sydney session
- Tokyo session
A trader can trade in any session they want. So, these trading sessions are not exclusive.
Each session opens and closes based on the local time. Forex market closes on Friday and opens on Sunday evening in each session.
Let’s see what time does the forex market opens on Sunday in each session.
New York session opening
New York session is open from 8 am to 5 pm in summer. In winters, the time shifts slightly, and the Market is open from 9 am to 6 pm. However, the Forex market in the New York session closes on Friday around 5 pm.
In GMT, the New York session is available from 12 am to 8 pm. Thus, the New York session will close at 9 pm according to the GMT zone.
In South Africa, the New York session is operational from 2 pm to 11 pm. On Friday, the session closes at 11 pm 9 (SAST).
On Sunday, the New York Market opens at 5 pm EST. The Market comes to life at 9 pm for GMT residents and 11 pm for SAST citizens. However, the trading day is almost over, and stock trades continue on Monday.
London session opening
London/European session is the most traded session in Forex. All the major brokers reside in the EU. Most of the influential experts also belong to the EU. The G10 currencies are also from Europe.
The London market opens at 7/8 am (GMT) according to local time. Translated to EST, the Market opens at 3/4 am (EST). On Friday, the Market closes at 5 pm EST. Thus, the London session goes offline at that time.
On Sunday, the Forex market in London opens at 5 pm EST. In GMT and SAST, these times convert to 9 pm and 11 pm, respectively.
Tokyo session opening
The best thing about the Tokyo session is the uniform time throughout the year. There are no DLS changes for the Asian session.
The session is available from 7 pm to 4 am according to EST. In GMT, the Tokyo session opens from 11 pm to 8 am. For South African residents, the timings for Asian sessions are from 1 am to 9 am.
On Sunday, the Market opens at 5 pm EST, and the Tokyo session opens for traders.
Summary
What time does the forex market open on Sunday? The Market opens at 5 pm according to EST time. However, our readers can read our time conversions for each session individually.