“Is the forex market open 24 hours a day, seven days a week or not?”
Despite the fact that the Forex market is open 24 hours a day, it is not a market that is accessible to retail traders 24 hours a day. The real operating period for retail forex trading is 24 hours a day, five days a week (i.e.- five days per week).
It opens every Sunday at 10 PM GMT with the start of the Sydney Session and closes every Friday at 10 PM GMT with the end of the New York Session, according to the global FX retail trading market.
So now you know that forex does not trade 24 hours a day, seven days a week. However, the retail forex market is open 24 hours a day, five days a week.
Theoretically, it is conceivable, but in practice, it is not possible (and it is also not recommended!) to trade forex around the clock. Despite the fact that the forex market is open 24 hours a day, this does not imply that you must trade at all hours of the day or night.
You’ll also need some downtime. Furthermore, not all trading hours are conducive to profitable transactions.
Another thing to consider is the Forex broker that you have decided to work with. If a broker is only registered with the market regulator of one zone, he or she will only be able to offer a trading window during the hours of operation of that zone’s exchange.
As a result, it is critical that you select your broker carefully and that you confirm that they are registered with market authorities in various jurisdictions.
Despite the fact that forex trading is not available 24 hours a day, you may choose your own trading hours since the market is open 24 hours a day, every day.