RUMAH APLIKASI Kumpulan Aplikasi Android & iPhone
Daftar Isi
Forex market is the largest financial market in the world. It operates 24 hours a day, 5 days a week. The market starts on Monday morning in Sydney, Australia, and ends on Friday evening in New York. But, when does the forex market close on Friday? In this article, we will discuss the closing time of the forex market on Friday and why it matters.
What Time Does the Forex Market Close on Friday?
The forex market closes at 5 pm EST (10 pm GMT) on Friday. This is the official closing time of the forex market for the week. After this time, the market is closed for the weekend and reopens on Sunday evening in the US.
Why Does the Closing Time of the Forex Market Matter?
The closing time of the forex market on Friday matters because it marks the end of the trading week. Traders who hold open positions at the close of the market on Friday will have their positions rolled over to the following week. This means that their positions will be subject to swap charges, which can be positive or negative depending on the interest rate differential between the two currencies.
What Happens to Open Positions Over the Weekend?
When the forex market closes on Friday, open positions are rolled over to the next week. This means that the trader’s broker will close the current trade and open a new one at the next available price. This process is known as swap rollover. The swap rollover is necessary because the forex market is closed over the weekend, and there is no opportunity to close or open new trades.
How to Prepare for the Forex Market Close on Friday?
Traders can prepare for the forex market close on Friday by closing any open positions that they do not want to hold over the weekend. This will avoid any swap charges that may be incurred. Traders who want to keep their positions open can adjust their stop losses or take profits to reflect the potential risk over the weekend.
What Happens to the Forex Market on the Weekend?
The forex market is closed on the weekend, which means that there is no trading activity during this time. The market opens again on Sunday evening in the US, and trading resumes for the week.
Can I Trade Forex Over the Weekend?
No, you cannot trade forex over the weekend because the market is closed. However, some brokers offer trading on cryptocurrencies, which are available 24/7.
What Are the Risks of Holding Positions Over the Weekend?
The main risk of holding positions over the weekend is that unexpected events can occur that can cause significant market volatility. This can result in large losses for traders who are not properly prepared. Therefore, it is essential to manage risk carefully and only hold positions over the weekend if you are comfortable with the potential risks.
Conclusion
In conclusion, the forex market closes at 5 pm EST (10 pm GMT) on Friday, marking the end of the trading week. Traders who hold open positions at the close of the market on Friday will have their positions rolled over to the following week, subject to swap charges. Therefore, it is essential to manage risk carefully and prepare for the forex market close on Friday.Thank you for reading this article. Please read our other articles for more information about the forex market.