Understanding Forex trading hours is very important when you choose to trade currencies. Since you can trade 24 hours a day, 5.5 days a week, you not only receive greater freedom but also more time to trade the Forex market.
As you can imagine, having more hours of Forex trading also provides more trading volume, since essentially people can trade when the market is open. This around-the-clock participation, offers trading flexibility not afforded to traders in other markets, such as equities or futures.
As a true 24-hour, 5.5 day-a-week market, trading begins in Australia and flows through the open and close of the major financial trading centers in Asia, Europe, the United States, and then back again to Australia.
The daily foreign currency trading volume is determined by which Forex market hours are open. For example, when global financial market open times overlap, such as when the U.S. and British market are open simultaneously, there is greater trading volume.