At What Time in The Eastern Time Zone Does the Forex Market Close?

The foreign exchange (forex) market is a decentralized global market for trading currencies. It is the largest and most liquid financial market in the world, with an average daily turnover of over $5 trillion. The forex market operates 24 hours a day, five days a week, and is open to traders from all over the world.

In the United States, forex trading hours are based on Eastern Standard Time (EST). This means that when it’s 9:00 am in New York City, it’s already 2:00 pm in London and 11:00 pm in Tokyo. The forex market opens at 5:00 pm EST on Sunday and closes at 4:00 pm EST on Friday.

It’s important to note that there are different types of forex trading sessions throughout the day. During these sessions, different currency pairs will be more active than others depending on their respective time zones. For example, during Asian session hours (11 pm — 8 am EST), Japanese Yen pairs such as USD/JPY will be more active than other currency pairs like EUR/USD or GBP/USD due to Tokyo being the largest financial center in Asia.

When it comes to closing times for individual currency pairs, they can vary slightly depending on which broker you’re using and what type of order you’re placing (market or limit). Generally speaking though, most major currency pairs will close at 4 pm EST with some exceptions such as AUD/NZD which closes at 5 pm EST due to New Zealand being one hour ahead of Australia during Daylight Savings Time (DST).

In conclusion, if you’re looking for when the forex market closes in Eastern Standard Time (EST), then it would be 4 pm EST from Sunday through Friday with some exceptions depending on your broker and order type. Knowing when certain currency pairs close can help you plan your trades accordingly so that you don’t miss out on any potential opportunities or incur any unnecessary losses due to price gaps between open and close prices.