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For day traders the most productive hours are between the opening of the London markets at 08:00 GMT and the closing of the US markets at 22:00 GMT. The peak time for trading is when the US and London markets overlap between 1 pm GMT â 4 pm GMT. The main sessions of the day are the London, US and Asian markets.
When Does the Forex Market Open and Close? The Forex market is a little odd in itâs opening hours. Unlike most financial markets that open around 8:00 am in the morning and close around 6:00 pm in the evening, Forex is open 24 hour per day. Since Forex lacks a central exchange, it moves from country to country during the week. Forex only closes on weekends when most of the worlds banks are closed. The Forex market opens Monday at 8:00 am in New Zealand (Auckland) every Monday. It then moves around the world to Australia (Sydney), Japan (Tokyo), Europe (Frankfurt), UK (London) and the USA (New York).