Answer : Forex trading hours from Monday to Friday are 24 hours per day, in India and rest fo the world. Forex trading hours in India are related to IST – India Standard Time. So you need to add 5 hours and 30 minutes on GMT time to calculate forex market open and close based on this table:
Region Open and Close Times
Sydney Open 10 PM GMT (summer) / 9 PM GMT (winter)
Sydney Close 7 AM GMT (summer) / 6 AM GMT (winter)
Tokyo Open 11 PM GMT (summer) / 11 PM GMT (winter)
Tokyo Close 8 AM GMT (summer) / 8 AM GMT (winter)
London Open 7 AM GMT (summer) / 8 AM GMT (winter)
London Close 4 PM GMT (summer) / 5 PM GMT (winter)
NY Open 12 PM GMT (summer) / 1 PM GMT (winter)
NY Close 9 PM GMT (summer) / 10 PM GMT (winter)
Forex trading hours in India
Forex market trading are related to open and close sessions of NY, Sydney, Asia, Europe. Alright, you now have an understanding regarding the various sessions and why trading through high liquidity periods are significant. Now we can begin to understand the clock of the Forex market, including the opening and closing hours throughout the week. Usually, traders have quite the challenge after the market opens to start up the week, and as the prices switches back and forth throughout the day, traders need to be aware during this time.
Some newer traders may find understanding the markets exact timings to be challenging, but after a while this will become second nature. Additionally, traders may get impatient waiting until Sunday as the Sydney market opens and even harder to keep track of when the trades close on Friday, when the weeks span comes to an end.
Forex trading is usually closed for the majority of the weekend (Saturday’s and Sunday’s). However, the trading hours for Forex vary in different regions on the weekends. Keep in mind, that the Forex market begins trading throughout the week at 9:00pm or 10:00pm GMT, depending on time zones between countries, and on whether it is summer or winter (see table above for specifics). For instance, in some parts around the world, markets begin trades on Sunday, and other places, such as Australia and India, markets begin trades Monday, whereas in India, Forex will open very early on Monday morning.
The market closes at the end of the week occurs at 9:00 PM/10:00 PM (GMT) Friday, and depending on where the trader is located, it varies from country to country, closing occurs on Friday or early Saturday morning. Having the ability to time trades correctly is another reason to quickly learn about the closing days, times, and the time zones. Additionally, depending on the weekend it could be significant that traders have a full understanding regarding his or her open and close periods when important market news occurs, making timing a major factor.
Forex Trading Day’s High and Low Volatility
As previously mentioned, depending on the clock of the Forex market, volatility within the market is going to range from high to low. It could be beneficial to download clock software that has these timings built-in in order to stay up to date. However, do not forget to convert it into the time zone that you are in.
Generally, within he first trading hour of opening each week, provides the lowest liquidity, but higher volatility, particularly when there was important news given out during the weekend. Afterwards, things settle back down, including the volatility, however, in comparison to other sessions, it is usually lower throughout the Sydney session. When the Tokyo session starts, which has the same time zones as China, Singapore and others, they also join in on the trading. Meaning that during this time period the volatility will be higher for traders in the Asian time zones.
The volatility just lingers until the time comes around for it to rise again, usually that occurs as the London session starts and other major banks, including hedge funds, and even larger investors throughout Europe will get in on the trading. The early sessions are the time when traders are anxious to start trading as there is more likely to be much more activity, with irrelevant trading going on. Over the following several hours the volatility will remain high. Finally, the New York session opens, and trading starts peaking. During this time both, the New York and the London sessions will be open, and the volatility will be at its highest for 3 to 4 hours while traders from both of the major regions trade against either other within the busiest market times. After which, the London session will close and volatility gradually goes back down, and as the New York session is closing the volatility goes down to its lowest again.
Something that traders needs to keep in mind when trading in the Forex market are the hours and cycle (clock). Since the opening and closing hours depend on the time zones between regions and country to country. It can be a difficult and complex system to fully understand, but these are the reasons it is so important to have it embedded into the brain as it will make it easier to conduct your trading while staying with the market flow. Additionally, many traders have a broker who is located in their region who has the ability to match-up trading hours and improve on convenience of trading in markets, and there are some brokers who publish news and makes forecasts on a daily basis, this includes giving customer support on the times of the different regions. For instance, the trading time in India is 9:00am to 5:00pm.
Open 24-hours per day globally, Forex markets span five days a week (Monday through Friday). Trading can be done in Indian pairs from 9:00am to 5:00pm (IST), and in international pairs from 9:00am to 7:30pm. Forex trading uses Indian based Forex brokers and the trading occurs through MCX-SX and NSE.
Currencies are a necessity worldwide for a wide range of governments and institutions, including global businesses, international trade, and central banks. Thus, to fully satisfy the requirements and needs of conducting transactions throughout the many different time zones a 24-hour market is important. Furthermore, throughout the open Forex market hours from Monday’s open to the weekend closing we believe it is safe to assume there’s potentially no period during an open market when there are not currencies being traded.