When can I trade forex?
24 Hour trading, 5 days a week
Unlike other markets, forex trading doesn’t have to stop when the sun goes down. Since forex is traded all over the world, trading markets are open 24 hours a day, 5 days a week, so you can trade when it is convenient for you.
The trading week for forex begins on Monday morning in Sydney, Australia and follows the sun westward as the world’s major capital markets open and close from Tokyo to London and finally closing on Friday evening in New York.
Unique benefits of a 24 hour market:
- React to global trading opportunities whenever they arise
- Trade when it’s convenient for you
- Take advantage of periods of higher volatility when markets overlap
Forex trading involves significant risk of loss and is not suitable for all investors.
Why trade forex
Forex is the most traded market in the world and when you understand the benefits of the market, it is easy to understand why.
With daily turnover reaching $5.1 trillion, forex is the most liquid market in the world. This liquidity often results in more actionable prices and unlike other financial markets, traders can respond almost immediately to currency fluctuations, whenever they occur – 24 hours a day, 5 days a week.
Trading opportunities in bull and bear markets
The forex market offers traders the unique advantage of trading opportunities in both rising and falling markets. And unlike other markets, there are no restrictions or additional costs for short selling.
Trade more with less
Forex is traded with a degree of leverage, allowing you to take a position in the market with a fraction of the capital you would usually need. As much as leverage may increase your gains, it can also increase your losses so it’s important that you understand the risks of trading on margin.