You can trade most FX pairs, 24-hours during the week because Forex never sleeps. There is a two-minute break from 23:59 server time until 00:01 server time; on Friday trading ceases five minutes early at 23:55 server time, rather than 23:59. This happens to prevent the spreads going too wide as liquidity providers go offline at the end of the week. Trading hours are subject to change due to seasonal and market factors. The New York close is widely considered the end of the trading day.
- Server time is set to GMT +3 while US daylight savings is in place
- GMT+2 when the US is not under daylight savings; this allows for the daily candle to close at the end of trading in New York each day.
There are some exceptions to the usual rules for a few currencies and other assets which are outlined below:
Risks when trading over weekends
This additional trading period during the weekend means not only do you have longer to speculate on the price of different crypto coins, but also any stop losses and take profits you have attached can be filled on the weekend.
Here are some important factors to take into account when trading crypto over the weekend:
- Your positions will continue to move over the weekend, and your stop losses, take profits and pending orders on all cryptocurrency positions (except Dash) can still be triggered during weekend trading times.
- Weekend positions with attached stops/limits will not be netted off against existing weekday contracts. In this instance the weekend position will roll into a new weekday position, with the same stops/limits attached.
- Weekend positions will not net off against existing weekday contracts if the weekday contracts have stops/limits attached. In this instance, weekend positions will be rolled into new weekday contracts.