JST (7 p.m. EST), followed by the London session at 8 a.m. Note that many brokers open two or more hours into the Sydney session at 5 p.m. EST or later (see our Daylight Saving Time section below for relevant adjustments on timing). Traders in India generally prefer to trade during the London and New York sessions when there is increased liquidity and volatility. For example, AUD/JPY will experience a higher trading volume when both Sydney and Tokyo sessions are open. And EUR/USD will experience a higher trading volume when both London and New York sessions are open.
Forex Market Opening Hours in India: Key Trading Times Explained
False breakouts, where the price briefly breaks a key level but fails to sustain the momentum, can trap traders in losing positions. Stop-loss orders are essential in breakout trading to protect against sudden reversals, making risk management a critical component of this strategy. In India, range trading is a popular approach, especially when the USD/INR pair consolidates due to market indecision or economic stability. However, range trading requires careful attention, as price breakouts beyond the range can lead to unexpected losses if not anticipated or protected by stop-loss orders.
Day traders in particular must be very knowledgable about the active currencies and market conditions during the hours they trade. Moreover, overlapping marketplaces are known to influence the liquidity and volatility of some currency pairings, especially if the quotation or base is often traded, like the JPY. The forex market close time is 5 pm, and there’s a lot of overlap with European markets, especially Germany and the UK.
Forex Market Hours
As a result, GBP-INR and EUR-INR currency pairs are impacted. The forex market opens on Sunday at 5pm Eastern Standard Time (EST) and closes on Friday at 5pm EST. Several factors can impact these hours, including the broker you are using, Daylight Saving Time (DST), trading holidays, and the specific currency pairs you are trading. Experts suggest that peak trading activity in India’s forex market occurs when multiple global trading sessions overlap, leading to increased trading volume. The currency trading time in India is from 9.00 AM to 7.30 PM.
In this blog, we will explore everything bout forex market timings in India. The forex market is open for trading nearly 24 hours a day, five days a week. This decentralized network of banks, exchanges, brokers, and financial institutions represents the largest, most liquid trading market in the world. In India, forex trading involves both domestic currency pairs (such as GBP-INR, EUR-INR, USD-INR, and JPY-INR) and cross-currency pairs (like EUR-USD, GBP-USD, and USD-JPY). The trading hours for these pairs are distinct and tailored to maximize overlap with key global forex markets, enhancing liquidity and volatility.
The London session is widely recognized as the most significant, as it offers high liquidity and volatility. It forex market opening time in india on monday coincides with the Tokyo and Sydney sessions, leading to an increase in market activity. This session is known for major currency pairs such as EUR/USD, GBP/USD, and USD/CHF, which frequently experience significant price fluctuations. Keep in mind that the Indian trading hours for all types of currencies overlap quite a bit. Below, you’ll find details about the opening and closing times for the forex market in India for both INR pairs and cross-currency pairs. In currency pairings, you can either trade quotes that include INR or ones that do not.
Indian rupee currency trading hours
- The foreign exchange market, also known as forex or FX, is the largest financial market in the world.
- The forex market, often referred to as the currency market, is a global, decentralized marketplace for trading currencies.
- As a result of its coincidence with the Sydney and Tokyo sessions, market activity has increased.
- However, profits hugely depend on the exchange rate of the rupee in different currencies.
- Some of the best Forex brokers in India offer weekend trading on select assets, including Forex and equities.
If you are from India, you can trade gold and silver using this broker’s link. To learn more about the Silver Price forecast, read our analysis. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
In order for the market to move, lots of trades need to occur. And this is why you should focus your energy during specific trading sessions. The best time to trade is when the market is active with lots of forex traders opening and closing positions, which creates a large volume of trades. For traders in India, understanding the timings of these sessions is crucial, especially since the overlap between the London and New York sessions generally brings the highest trading volumes.
Tokyo Session (Open: 6:00 AM IST, Close: 3:00 PM IST):
The Forex market is the largest financial market where currencies are bought and sold. Its decentralized nature allows it to operate 24 hours a day, five days a week. The market opens in Asia on Monday morning and closes in New York on Friday evening, providing investors ample opportunities to participate in currency trading and capitalize on market movements. The first factor is related to a country’s business hours.