forex market hours

 

The forex market is open 24 hours a day, 5.5 days a week.

but why dose forex market open on Monday 00:00am, close on Friday 11:00 pm in Metatrader 5 (server:MetaQuotes-Demo)?

Documentation on MQL5: Standard Constants, Enumerations and Structures / Environment State / Symbol Properties
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Standard Constants, Enumerations and Structures / Environment State / Symbol Properties - Documentation on MQL5
 
And when would you expect it to open/close?
 
enivid:
And when would you expect it to open/close?

Investors and clients in the Forex arena can place trades continuously from Sunday 10 PM EST to Friday 5 PM EST; the trading pits do not close for the day.

Trading sessions according to GMT (Greenwich Mean Time):

Region City Open (GMT) Close (GMT)
Europe London 8:00 am 5:00 pm
Frankfurt 7:00 am 4:00 pm
America New York 1:00 pm 10:00 pm
Chicago 2:00 pm 11:00 pm
Asia Tokyo midnight 9:00 am
Hong Kong 1:00 am 10:00 am
Pacific Sydney 10:00 pm 7:00 am
Wellington 10:00 pm 6:00 am


Trading sessions according to EST (Eastern Standard Time):

Region City Open (EST) Close (EST)
Europe London 3:00 am 12:00 noon
Frankfurt 2:00 am 11:00 am
America New York 8:00 am 5:00 pm
Chicago 9:00 am 6:00 pm
Asia Tokyo 7:00 pm 4:00 am
Hong Kong 8:00 pm 5:00 am
Pacific Sydney 5:00 pm 2:00 am
Wellington 5:00 pm 1:00 am

 
According your tables, MetaQuotes-Demo server almost perfectly fits Open/Close time. The server is GMT+2. The earliest opening time is Sydney/Wellington 10 pm GMT Sunday, which is exactly 00:00 GMT+2 Monday. The closing time used is New York (instead of Chicago) 10 pm GMT Friday, but since Daylight Saving Time is now in effect in US, it's 9 pm GMT Friday, which is exactly 23:00 GMT+2 Friday.
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Standard Constants, Enumerations and Structures / Trade Constants / Position Properties - Documentation on MQL5
 
enivid:
According your tables, MetaQuotes-Demo server almost perfectly fits Open/Close time. The server is GMT+2. The earliest opening time is Sydney/Wellington 10 pm GMT Sunday, which is exactly 00:00 GMT+2 Monday. The closing time used is New York (instead of Chicago) 10 pm GMT Friday, but since Daylight Saving Time is now in effect in US, it's 9 pm GMT Friday, which is exactly 23:00 GMT+2 Friday.

The earliest opening time is Sydney/Wellington 9 pm GMT Sunday, which is exactly 11:00pm GMT+2 Sunday, NOT 00:00 GMT+2 Monday.

The closing time used is New York 9 pm GMT Friday, which is exactly 11:00pm GMT+2 Friday. 

so is there an hour missing at weekly opening of the market in MetaQuotes-Demo server? 

http://fxtrade.oanda.com/analysis/market-hours 

forex market hours 

Forex Market Hours | Forex Trading Times | FX Time Zones | OANDA
  • www.oanda.com
See at a glance the market hours and current status of the world's currency markets. National bank holidays and weekends are taken into account. How to Interpret This Graph There are at least two reasons why you should track the major forex market trading hours: The first hour after a major market opens is considered very important and often...
 
kwang1:

The earliest opening time is Sydney/Wellington 9 pm GMT Sunday, which is exactly 11:00pm GMT+2 Sunday, NOT 00:00 GMT+2 Monday.

The closing time used is New York 9 pm GMT Friday, which is exactly 11:00pm GMT+2 Friday. 

so is there an hour missing at weekly opening of the market in MetaQuotes-Demo server? 

http://fxtrade.oanda.com/analysis/market-hours 

 

Hmmm... Your tables list Sydney/Wellington opening time at 10 pm, not 9 pm. Wellington stock trading session opens at 10 am local time, or 10 pm GMT (or 00:00 Monday GMT+2). I guess that really depends on what's considered Sydney/Wellington open, if it's stock exchanges, then 00:00 GMT+2 is a proper time, if some other event is used, then we should know what it is to measure the opening time properly.
 

According to summer or winter season the time in different financial centers of the world will differ from the universal time GMT by number of hours shown in the table below:

The financial center: hour difference from GMT: Winter/Summer:

Wellington: +11/+12

Sydney: +9/+10

Tokyo: +9/+9

Hong Kong: +8/+8

Singapore: +7/+8

Moscow: +3/+4

Frankfurt/M: +1/+2

Zurich: +1/+2

London: 0/+1

New York: -5/-4

Los Angeles: -8/-7

It can be seen from above that all countries practice daylight-saving, as they are in the same time zones in winter and in summer.

Documentation on MQL5: Date and Time / TimeGMT
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Date and Time / TimeGMT - Documentation on MQL5
 
so does the opening time of MetaQuotes-Demo server start from Tokyo? not Sydney/Wellington?
Documentation on MQL5: Standard Constants, Enumerations and Structures / Trade Constants / Position Properties
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Standard Constants, Enumerations and Structures / Trade Constants / Position Properties - Documentation on MQL5
 
kwang1:
so does the opening time of MetaQuotes-Demo server start from Tokyo? not Sydney/Wellington?
MetaQuotes-Demo server always opens at 22:00 Sunday(GMT), and closes at 21:00 Friday(GMT), no matter in summer or winter. why?
 
kwang1:

According to summer or winter season the time in different financial centers of the world will differ from the universal time GMT by number of hours shown in the table below:

The financial center: hour difference from GMT: Winter/Summer:

Wellington: +11/+12

Sydney: +9/+10

Tokyo: +9/+9

Hong Kong: +8/+8

Singapore: +7/+8

Moscow: +3/+4

Frankfurt/M: +1/+2

Zurich: +1/+2

London: 0/+1

New York: -5/-4

Los Angeles: -8/-7

It can be seen from above that all countries practice daylight-saving, as they are in the same time zones in winter and in summer.

It's not actually true. Firstly, Sydney and Wellington are in the Southern Hemisphere and thus use Daylight Saving Time from September till April. Secondly, different countries use different dates for turning DST on and off. But currently the US has on and Sydney/Wellington has it off.
 
kwang1:
so does the opening time of MetaQuotes-Demo server start from Tokyo? not Sydney/Wellington?
They use Wellington's local 10 am (stock exchange open). If they'd use Sydney or Tokyo they'd open 2 hours later.