Forex market hours accessible to you will be dependent completely on your location. If you want to find out the particular times that the Forex markets open and close, you will need to take the time zones into consideration. It is simple when expressed in UTC. That is Universal Coordinated Time, originally known as Greenwich Mean Time. This is the standard (winter) time in Greenwich, London which is the point of zero longitude on the globe.

So, the conventional forex market hours are 22.00 Sunday UTC to 22.00 Friday UTC. Which is 10 pm in the UK in mid winter.

Then again it is not a 24/7 market because it does shut down on Saturdays and Sundays. 24 hours/5 days a week should be more factual.

New York is five hours behind the UK so the global money market opens and closes at 5 pm Sunday/Friday in New York, 2 pm on the US western coast, 11 pm in Germany, 8 am Monday/Saturday in Sydney, Australia.

Things soon get a little more complex when you begin to try to take summer time daylight saving into account. This makes an hour or so variation in locations that observe it. And yet daylight saving will work in a different manner in the southern hemisphere countries such as Australia which have summer months from September until March instead of March to September.

The hours of the various major global Forex markets are as follows:

Sydney: 10 pm till 7 am UTC

Tokyo: 12 midnight till 9 am UTC

London: 8 am till 5 pm UTC

New York: 1 pm to 10 pm UTC

Or you can easily express that in (Eastern US time):

Sydney: 5 pm till 2 am EST

Tokyo: 7 pm to 4 am EST

London: 3 am until 12 noon EST

New York: 8 am until 5 pm EST

You see that these correspond to 24 hour coverage.

Unfortunately, that does not generally mean that trading is actually good at all of those times. Just after a major market opens, the prices may be very volatile and erratic. Many dealers will keep away from the forex market for around an hour 4 times a day when the Forex markets are waking up in those major cities.

The US dollar is the most frequently traded forex by a long way, involved in 2.5 times as many trades as its nearest rival the euro. This simply means that activities in the USA have a bigger impact on the trading markets than affairs in other nations. The New York market has the tendency to decline around 3 pm local time (8 pm UTC) and if you are involved in a US dollar pair, this could possibly be a great time to finish trading for the day.

So in theory you can trade 24 hours on a daily basis from Sunday night to Friday night. Autopilot software in the form of a forex robot can probably make this physically achievable. However, a cautious trader will choose his times and may not be active during all of the forex market hours.