Different Forex Markets & Their Timings
Forex Market Timings and Major Trading banks:
Forex markets are open 24 hours a day from Sunday afternoon EST (Eastern Standard Times) to Friday afternoon EST. In the 5 days of week, there is always one financial market open all the time, when one market close other remains open. For e.g. when London market close New York market remains open, when New York market close then Australian Market open that’s why there is no opening bell in the Forex Market.
Forex Markets starts in New Zealand, followed by Australia, Asia (and particularly Japan), the Middle East, Europe (with London being the main financial center) and America. Practically Speaking, Forex Markets never stop.
Best Trading Hours to Trade:
The answer is simple the best time to trade or the best time to take position when most of the markets are open because the volumes are high at that particular point of time and the most of the traders are active. As everyone knows that forex is a 24 hours market so the best entry point for trader is when several countries are trading at the same time. Across the world, the forex market operates from 8 A.M to 4 P.M. Hence to take advantage of heavy volume traders can take trades when the forex market hours in different countries are overlapping.
| Market | Open (EST) | Close (EST) |
| Great Britain | 3 A.M | 11.00 AM |
| New York | 8 A.M | 4 P.M |
| London | 2 A.M | 12 Noon |
| Australia | 7 P.M | 3 A.M |
| Tokyo | 8 P.M | 4.00 AM |
| Singapore/Hong Kong | 9 P.M | 5 A.M |
| Frankfurt | 2 A.M | 10 A.M |
Major Central Banks List:
| Argentina | Central Bank of Argentina |
| Australia | Reserve Bank of Australia |
| Austria | Austrian National Bank |
| Bahrain | Bahrain Monetary Agency |
| Belgium | National Bank of Belgium |
| Brazil | Central Bank of Brazil |
| Bulgaria | Bulgarian National Bank |
| Canada | Bank of Canada |
| Chile | Central Bank of Chile |
| China | The People’s Bank of China |
| Colombia | Bank of the Republic |
| Czech Republic | Czech National Bank |
| Denmark | Bank of Denmark |
| Estonia | Bank of Estonia |
| Finland | Bank of Finland |
| France | Bank of France |
| Germany | Deutsche Bundesbank |
| Greece | Bank of Greece |
| Hong Kong SAR | Hong Kong Monetary Authority |
| Hungary | Central Bank of Hungary |
| India | Reserve Bank of India |
| Indonesia | Bank Indonesia |
| Ireland | Central Bank and Financial Services Authority of Ireland |
| Israel | Bank of Israel |
| Italy | Bank of Italy |
| Japan | Bank of Japan |
| Korea | Bank of Korea |
| Latvia | Bank of Latvia |
| Lithuania | Bank of Lithuania |
| Luxembourg | Central Bank of Luxembourg |
| Malaysia | Central Bank of Malaysia |
| Mexico | Bank of Mexico |
| Netherlands | Netherlands Bank |
| New Zealand | Reserve Bank of New Zealand |
| Norway | Central Bank of Norway |
| Peru | Central Reserve Bank of Peru |
| Poland | National Bank of Poland |
| Philippines | Bangko Sentral ng Pilipinas |
| Portugal | Bank of Portugal |
| Romania | National Bank of Romania |
| Russia | Central Bank of the Russian Federation |
| Saudi Arabia | Saudi Arabian Monetary Agency |
| Singapore | Monetary Authority of Singapore |
| Slovakia | National Bank of Slovakia |
| Slovenia | Bank of Slovenia |
| South Africa | South African Reserve Bank |
| Spain | Bank of Spain |
| Sweden | Sveriges Riksbank Statistics Sweden |
| Switzerland | Swiss National Bank |
| Taiwan, China | Central Bank of China |
| Thailand | Bank of Thailand |
| Turkey | Central Bank of the Republic of Turkey |
| United Kingdom | Bank of England |
| United States | Federal Reserve Bank of New York |
