{
  "url": "https://thetraderwiki.com/en/trading-hours/",
  "canonical": "https://thetraderwiki.com/en/trading-hours/",
  "html": "https://thetraderwiki.com/en/trading-hours/",
  "markdown": "https://thetraderwiki.com/en/trading-hours/index.md",
  "lang": "en",
  "dir": "ltr",
  "kind": "article",
  "key": "trading-hours",
  "title": "Forex market hours and stock market trading hours",
  "h1": "Trading hours: forex market hours, stock exchanges, gold and oil",
  "description": "Forex market hours and stock market trading hours in UTC and local time: the four forex sessions, Nasdaq, NYSE, London, ASX and Tokyo, plus gold, oil and crypto.",
  "keywords": [
    "forex market hours",
    "nasdaq trading hours",
    "forex trading hours",
    "asx trading hours",
    "london session",
    "market open times"
  ],
  "published": "2026-09-30",
  "updated": "2026-10-13",
  "author": {
    "name": "Sebastian M.",
    "url": "https://thetraderwiki.com/en/authors/sebastian-m/"
  },
  "publisher": {
    "name": "TheTraderWiki",
    "url": "https://thetraderwiki.com/"
  },
  "riskWarning": "CFDs are complex, leveraged products, and the regulators’ own figures show that most retail accounts lose money. Nothing on TheTraderWiki is investment advice. Read the full risk disclosure, and if you’re unsure, talk to a qualified adviser. Broker details can change and they can be wrong. Before you open an account, confirm them with the broker and the regulator’s register.",
  "breadcrumbs": [
    {
      "name": "Home",
      "url": "https://thetraderwiki.com/en/"
    },
    {
      "name": "Guides",
      "url": "https://thetraderwiki.com/en/learn/"
    },
    {
      "name": "Trading hours",
      "url": "https://thetraderwiki.com/en/trading-hours/"
    }
  ],
  "lead": [
    "Forex market hours run from Monday morning in Sydney to Friday evening in New York without a break. A stock exchange is open for only part of its own working day. The New York Stock Exchange and Nasdaq both trade from 9:30 to 16:00 Eastern Time (NYSE, Nasdaq). Every other market has its own timetable, set in its own local time.",
    "A CFD is a contract with a provider that pays the change in a price without you owning the asset. It can only be priced while that asset trades somewhere. On this page you’ll find the forex sessions and the main stock exchange hours in UTC and local time. Gold, oil and crypto are covered too. You’ll also see the clock changes that move everything by an hour, and what happens to prices at the daily rollover and at the open."
  ],
  "leadLinks": [
    {
      "label": "NYSE",
      "url": "https://www.nyse.com/markets/hours-calendars",
      "type": "source",
      "title": "Holidays and Trading Hours",
      "publisher": "New York Stock Exchange"
    },
    {
      "label": "Nasdaq",
      "url": "https://www.nasdaq.com/market-activity/stock-market-holiday-schedule",
      "type": "source",
      "title": "US and Nordic Stock Market Schedule",
      "publisher": "Nasdaq"
    },
    {
      "label": "CFD",
      "url": "https://thetraderwiki.com/en/glossary/#cfd",
      "type": "internal"
    },
    {
      "label": "rollover",
      "url": "https://thetraderwiki.com/en/glossary/#rollover",
      "type": "internal"
    }
  ],
  "blocks": [
    {
      "type": "list",
      "id": "key-points",
      "heading": "Key points",
      "url": "https://thetraderwiki.com/en/trading-hours/#key-points",
      "ordered": false,
      "items": [
        "Forex has no exchange and no official timetable. Traders divide the day into Sydney, Tokyo, London and New York sessions, each lasting about as long as that city’s working day.",
        "The peak trading times for forex happen when London and New York overlap. The United Kingdom, the United States, Singapore and Hong Kong accounted for 75 % of all currency trading in the latest survey by the BIS (press release, 30 September 2025).",
        "NYSE and Nasdaq begin trading at 9:30 Eastern Time and finish at 16:00 Eastern Time. When the US observes daylight time, those hours run from 13:30 to 20:00 UTC (NYSE, Nasdaq).",
        "Clock changes take place on different dates in the US, the UK and Australia, so the time difference between two markets changes by an hour several times a year.",
        "A CFD’s hours match the market behind it. When that market shuts, your provider either stops quoting or quotes a wider spread, the gap between the buy and sell price.",
        "Prices can jump at the open. A weekend gap can take the price straight through a stop-loss, the order meant to close a losing trade."
      ],
      "links": [
        {
          "label": "BIS",
          "url": "https://www.bis.org/",
          "type": "source",
          "title": "Bank for International Settlements",
          "publisher": "BIS"
        },
        {
          "label": "press release, 30 September 2025",
          "url": "https://www.bis.org/press/p250930.htm",
          "type": "source",
          "title": "Global FX trading hits $9.6 trillion per day in April 2025: Triennial Survey",
          "publisher": "Bank for International Settlements"
        },
        {
          "label": "NYSE",
          "url": "https://www.nyse.com/markets/hours-calendars",
          "type": "source",
          "title": "Holidays and Trading Hours",
          "publisher": "New York Stock Exchange"
        },
        {
          "label": "Nasdaq",
          "url": "https://www.nasdaq.com/market-activity/stock-market-holiday-schedule",
          "type": "source",
          "title": "US and Nordic Stock Market Schedule",
          "publisher": "Nasdaq"
        },
        {
          "label": "spread",
          "url": "https://thetraderwiki.com/en/glossary/#spread",
          "type": "internal"
        },
        {
          "label": "gap",
          "url": "https://thetraderwiki.com/en/glossary/#gap-risk",
          "type": "internal"
        },
        {
          "label": "stop-loss",
          "url": "https://thetraderwiki.com/en/glossary/#stop-loss",
          "type": "internal"
        }
      ]
    },
    {
      "type": "table",
      "id": "forex-sessions",
      "heading": "Forex market hours: the four sessions in UTC",
      "url": "https://thetraderwiki.com/en/trading-hours/#forex-sessions",
      "intro": [
        "Forex market hours are a convention, since currencies trade over the counter directly between banks and dealers. There’s no exchange to ring a bell, and a trading session is just the working day of one financial centre. The table follows a common rule of thumb of 08:00 to 17:00 local time, with Tokyo an hour later. Other sites draw the lines an hour or so differently, and nobody is wrong."
      ],
      "caption": "The four forex trading sessions as a rule of thumb, in local time and UTC. Clock-change rules are from NIST, GOV.UK and the NSW Government. Tokyo keeps the same time all year.",
      "head": [
        "Session",
        "Local time",
        "UTC, local summer time",
        "UTC, local winter time",
        "Most active pairs"
      ],
      "rows": [
        [
          "Sydney",
          "08:00–17:00",
          "21:00–06:00",
          "22:00–07:00",
          "Australian and New Zealand dollar pairs"
        ],
        [
          "Tokyo (the Asian session)",
          "09:00–18:00",
          "00:00–09:00",
          "00:00–09:00",
          "Yen pairs"
        ],
        [
          "London session",
          "08:00–17:00",
          "07:00–16:00",
          "08:00–17:00",
          "Euro, pound and Swiss franc pairs"
        ],
        [
          "New York session",
          "08:00–17:00",
          "12:00–21:00",
          "13:00–22:00",
          "US and Canadian dollar pairs"
        ],
        [
          "London and New York overlap",
          "08:00–12:00 in New York",
          "12:00–16:00",
          "13:00–17:00",
          "All major pairs"
        ]
      ],
      "numericColumns": [],
      "outro": [
        "Sydney’s two UTC columns apply in the opposite months to London’s and New York’s, because its summer falls in the northern winter. The forex trading page describes how busy each session is and what that does to the cost of a trade."
      ],
      "links": [
        {
          "label": "over the counter",
          "url": "https://thetraderwiki.com/en/glossary/#over-the-counter",
          "type": "internal"
        },
        {
          "label": "trading session",
          "url": "https://thetraderwiki.com/en/glossary/#trading-session",
          "type": "internal"
        },
        {
          "label": "NIST",
          "url": "https://www.nist.gov/pml/time-and-frequency-division/popular-links/daylight-saving-time-dst",
          "type": "source",
          "title": "Daylight Saving Time (DST)",
          "publisher": "National Institute of Standards and Technology"
        },
        {
          "label": "GOV.UK",
          "url": "https://www.gov.uk/when-do-the-clocks-change",
          "type": "source",
          "title": "When do the clocks change?",
          "publisher": "GOV.UK"
        },
        {
          "label": "NSW Government",
          "url": "https://www.nsw.gov.au/about-nsw/daylight-saving",
          "type": "source",
          "title": "Daylight saving",
          "publisher": "NSW Government"
        },
        {
          "label": "forex trading",
          "url": "https://thetraderwiki.com/en/forex-trading/#sessions",
          "type": "internal"
        }
      ]
    },
    {
      "type": "prose",
      "id": "forex-week",
      "heading": "When does the forex market open and close",
      "url": "https://thetraderwiki.com/en/trading-hours/#forex-week",
      "paragraphs": [
        "The forex market begins the week with Monday morning in Sydney and Wellington. At that time, it’s still Sunday evening in Europe and America. Trading continues without pause until the New York working day finishes on Friday. Providers and platforms commonly set 17:00 New York time as the end of the trading day, and that is when the week ends too. In UTC, this is 21:00 while the US observes daylight time, and 22:00 when it does not.",
        "Trading is far from even across those five days. Dealers in the United Kingdom, the United States, Singapore and Hong Kong handled 75 % of all foreign exchange trading in April 2025 (BIS press release, 30 September 2025). The times when two of those centres overlap have the most liquidity. Liquidity is how easily you can trade without moving the price, and on a CFD it appears as a narrow spread.",
        "The quietest time comes right after New York’s close and before Tokyo’s open. Overnight financing is the charge for holding a trade into the next day, and your provider’s daily cut-off for it usually sits in that same period. Spreads are often widest then."
      ],
      "links": [
        {
          "label": "BIS press release, 30 September 2025",
          "url": "https://www.bis.org/press/p250930.htm",
          "type": "source",
          "title": "Global FX trading hits $9.6 trillion per day in April 2025: Triennial Survey",
          "publisher": "Bank for International Settlements"
        },
        {
          "label": "liquidity",
          "url": "https://thetraderwiki.com/en/glossary/#liquidity",
          "type": "internal"
        },
        {
          "label": "Overnight financing",
          "url": "https://thetraderwiki.com/en/glossary/#overnight-financing",
          "type": "internal"
        }
      ]
    },
    {
      "type": "table",
      "id": "stock-exchange-hours",
      "heading": "Stock market hours: Nasdaq, NYSE, London, ASX, Tokyo and Hong Kong",
      "url": "https://thetraderwiki.com/en/trading-hours/#stock-exchange-hours",
      "intro": [
        "Each exchange sets its own stock market hours in local time and publishes them. Nasdaq trading hours and NYSE hours are the same: 9:30 to 16:00 Eastern Time, Monday to Friday. Tokyo and Hong Kong both stop for lunch."
      ],
      "caption": "Regular trading hours of six stock exchanges in local time and UTC, from each exchange’s own published hours: NYSE, Nasdaq, London Stock Exchange, ASX, Japan Exchange Group and HKEX.",
      "head": [
        "Exchange",
        "Regular hours, local time",
        "UTC, local summer time",
        "UTC, local winter time"
      ],
      "rows": [
        [
          "New York Stock Exchange",
          "09:30–16:00",
          "13:30–20:00",
          "14:30–21:00"
        ],
        [
          "Nasdaq",
          "09:30–16:00",
          "13:30–20:00",
          "14:30–21:00"
        ],
        [
          "London Stock Exchange",
          "08:00–16:30, then a closing auction to 16:35",
          "07:00–15:30",
          "08:00–16:30"
        ],
        [
          "ASX (Sydney)",
          "Just before 10:00 to 16:00, then a closing auction at about 16:10",
          "23:00–05:00",
          "00:00–06:00"
        ],
        [
          "Tokyo Stock Exchange",
          "09:00–11:30 and 12:30–15:30",
          "00:00–02:30 and 03:30–06:30",
          "Same all year"
        ],
        [
          "Hong Kong (HKEX)",
          "09:30–12:00 and 13:00–16:00",
          "01:30–04:00 and 05:00–08:00",
          "Same all year"
        ]
      ],
      "numericColumns": [],
      "outro": [
        "Exchanges trade before and after the regular session too. Nasdaq holds a pre-market session from 4:00 to 9:30 and an after-hours session from 16:00 to 20:00 Eastern Time (Nasdaq). Both see less trading and bigger price moves than the regular day (Nasdaq). London begins its closing auction at 16:30 and executes it at 16:35 (London Stock Exchange). Each exchange shuts on its own public holidays, while the NYSE closes early, at 13:00 Eastern Time, on a few days each year (NYSE).",
        "During the regular session, an index CFD tracks the shares on one of these exchanges. When that session ends, your provider turns to futures for the index price. Futures are exchange contracts, and they trade for much longer hours (indices trading)."
      ],
      "links": [
        {
          "label": "NYSE",
          "url": "https://www.nyse.com/markets/hours-calendars",
          "type": "source",
          "title": "Holidays and Trading Hours",
          "publisher": "New York Stock Exchange"
        },
        {
          "label": "Nasdaq",
          "url": "https://www.nasdaq.com/market-activity/stock-market-holiday-schedule",
          "type": "source",
          "title": "US and Nordic Stock Market Schedule",
          "publisher": "Nasdaq"
        },
        {
          "label": "London Stock Exchange",
          "url": "https://docs.londonstockexchange.com/sites/default/files/documents/n1819_attach1.pdf",
          "type": "source",
          "title": "Consultation on market structure and trading hours (Attachment 1 to Stock Exchange Notice N18/19)",
          "publisher": "London Stock Exchange"
        },
        {
          "label": "ASX",
          "url": "https://www.asx.com.au/markets/market-resources/trading-hours-calendar/cash-market-trading-hours",
          "type": "source",
          "title": "Cash market trading hours",
          "publisher": "ASX"
        },
        {
          "label": "Japan Exchange Group",
          "url": "https://www.jpx.co.jp/english/equities/trading/domestic/01.html",
          "type": "source",
          "title": "Trading Hours: Trading Rules of Domestic Stocks",
          "publisher": "Japan Exchange Group"
        },
        {
          "label": "HKEX",
          "url": "https://www.hkex.com.hk/Services/Trading-hours-and-Severe-Weather-Arrangements/Trading-Hours/Securities-Market?sc_lang=en",
          "type": "source",
          "title": "Trading Hours: Securities Market",
          "publisher": "Hong Kong Exchanges and Clearing"
        },
        {
          "label": "London Stock Exchange",
          "url": "https://docs.londonstockexchange.com/sites/default/files/documents/market_close_information_document_0.pdf",
          "type": "source",
          "title": "London Stock Exchange Market Close ceremony",
          "publisher": "London Stock Exchange"
        },
        {
          "label": "futures",
          "url": "https://thetraderwiki.com/en/glossary/#futures-contract",
          "type": "internal"
        },
        {
          "label": "indices trading",
          "url": "https://thetraderwiki.com/en/indices-trading/#contracts-and-hours",
          "type": "internal"
        }
      ]
    },
    {
      "type": "subsections",
      "id": "gold-oil-crypto",
      "heading": "Gold, oil and crypto trading hours",
      "url": "https://thetraderwiki.com/en/trading-hours/#gold-oil-crypto",
      "intro": [
        "Gold and oil trading hours are much longer than stock market hours, and crypto never closes at all. Gold, oil and crypto get their prices from markets that work differently from a stock exchange."
      ],
      "items": [
        {
          "id": "gold-hours",
          "heading": "Gold trading hours",
          "url": "https://thetraderwiki.com/en/trading-hours/#gold-hours",
          "paragraphs": [
            "Gold trading hours cover nearly the whole week, because banks trade gold over the counter and gold futures trade on an exchange. The LBMA Gold Price is the best-known reference price, set in two auctions a day at 10:30 and 15:00 London time (ICE Benchmark Administration). Gold futures trade electronically through most of the day and night on weekdays, with a short daily pause. The exchange’s contract page gives the exact times. A gold CFD usually copies that pattern, so it stops for a short break each day and for the weekend (gold trading)."
          ]
        },
        {
          "id": "oil-hours",
          "heading": "Oil trading hours",
          "url": "https://thetraderwiki.com/en/trading-hours/#oil-hours",
          "paragraphs": [
            "Oil CFDs are priced from futures, so oil trading hours follow the futures exchanges. Brent crude futures trade from 01:00 to 23:00 London time, with the week opening at 23:00 on Sunday in London (ICE Brent Crude Futures). Each night a two-hour gap appears when no Brent price is made. US crude futures follow a similar near-round-the-clock weekday pattern and have their own daily break (commodities trading)."
          ]
        },
        {
          "id": "crypto-hours",
          "heading": "Crypto hours at weekends",
          "url": "https://thetraderwiki.com/en/trading-hours/#crypto-hours",
          "paragraphs": [
            "Of all the markets, crypto has the simplest hours. The crypto markets trade all day, every day, including weekends. Many providers quote crypto CFDs on Saturday and Sunday for that reason. Some still pause for maintenance. Trading is thin at the weekend, so spreads are wider and prices move more. Financing is charged on every night of the week (shares and crypto CFDs)."
          ]
        }
      ],
      "links": [
        {
          "label": "ICE Benchmark Administration",
          "url": "https://www.ice.com/iba/lbma-gold-silver-price",
          "type": "source",
          "title": "LBMA Gold and Silver Price",
          "publisher": "ICE Benchmark Administration"
        },
        {
          "label": "gold trading",
          "url": "https://thetraderwiki.com/en/gold-trading/",
          "type": "internal"
        },
        {
          "label": "ICE Brent Crude Futures",
          "url": "https://www.ice.com/products/219/Brent-Crude-Futures",
          "type": "source",
          "title": "Brent Crude Futures: product specification",
          "publisher": "Intercontinental Exchange"
        },
        {
          "label": "commodities trading",
          "url": "https://thetraderwiki.com/en/commodities-trading/#energy",
          "type": "internal"
        },
        {
          "label": "shares and crypto CFDs",
          "url": "https://thetraderwiki.com/en/shares-and-crypto-cfds/#weekend-trading",
          "type": "internal"
        }
      ]
    },
    {
      "type": "prose",
      "id": "cfd-hours",
      "heading": "Why CFD trading hours follow the underlying market",
      "url": "https://thetraderwiki.com/en/trading-hours/#cfd-hours",
      "paragraphs": [
        "CFD trading hours track the underlying market, because your provider has to source its price. While the real market stays open, the provider copies that price, adds its spread and can pass its own risk on to that market. When the real market shuts, both of those stop.",
        "Providers deal with closed hours in one of three ways. Some stop quoting during these periods, and that is normal for share CFDs. Some quote from a related market that is still open, such as index futures in the evening. A few make their own price for a closed market, using a much wider spread to cover the risk of being wrong when the market reopens.",
        "Your provider’s own timetable is the one that counts for your trade. The platform lists it for each instrument in the contract specification, usually in server time, not your local time. On MetaTrader 4 and MetaTrader 5 you’ll find it under the symbol’s specification (trading platforms). Names such as US30, NAS100, UK100 or AUS200 are providers’ labels for index CFDs, so their hours are whatever that provider has set."
      ],
      "links": [
        {
          "label": "trading platforms",
          "url": "https://thetraderwiki.com/en/trading-platforms/",
          "type": "internal"
        }
      ]
    },
    {
      "type": "list",
      "id": "daylight-saving",
      "heading": "How daylight saving shifts market open times",
      "url": "https://thetraderwiki.com/en/trading-hours/#daylight-saving",
      "intro": [
        "Daylight saving shifts market open times since exchanges follow local time, and UTC never changes. The three regions that matter most adjust their clocks on different dates."
      ],
      "ordered": false,
      "items": [
        "The United States puts its clocks forward on the second Sunday of March and turns them back on the first Sunday of November (NIST).",
        "In the United Kingdom, clocks go forward on the last Sunday in March and back on the last Sunday in October (GOV.UK).",
        "New South Wales, where the ASX is based, shifts its clocks forward in October and back in April. Queensland doesn’t change its clocks at all (NSW Government).",
        "Japan and Hong Kong don’t change their clocks, so Tokyo and Hong Kong hours never move in UTC."
      ],
      "outro": [
        "For a few weeks in March, New York has moved to summer time while London hasn’t yet. For about a week around the start of November, London has gone back to winter time but New York hasn’t yet. During both periods, the US open comes an hour earlier than usual on a London clock. From Sydney’s view, the US open moves by two hours over the year because Australia’s clocks go the opposite way to America’s. Scheduled news follows the local clock too, so a release on an economic calendar shifts in the same way."
      ],
      "links": [
        {
          "label": "NIST",
          "url": "https://www.nist.gov/pml/time-and-frequency-division/popular-links/daylight-saving-time-dst",
          "type": "source",
          "title": "Daylight Saving Time (DST)",
          "publisher": "National Institute of Standards and Technology"
        },
        {
          "label": "GOV.UK",
          "url": "https://www.gov.uk/when-do-the-clocks-change",
          "type": "source",
          "title": "When do the clocks change?",
          "publisher": "GOV.UK"
        },
        {
          "label": "NSW Government",
          "url": "https://www.nsw.gov.au/about-nsw/daylight-saving",
          "type": "source",
          "title": "Daylight saving",
          "publisher": "NSW Government"
        },
        {
          "label": "economic calendar",
          "url": "https://thetraderwiki.com/en/economic-calendar/",
          "type": "internal"
        }
      ]
    },
    {
      "type": "prose",
      "id": "rollover-and-open",
      "heading": "What happens at the daily rollover and at the market open",
      "url": "https://thetraderwiki.com/en/trading-hours/#rollover-and-open",
      "paragraphs": [
        "The daily rollover marks your provider’s cut-off between one trading day and the next, commonly at 17:00 New York time. Any trade still open at that moment is charged or paid overnight financing. One night a week carries three nights of financing to cover the weekend (costs and fees).",
        "Spreads get wider around the daily rollover because few banks are still quoting. New York has gone home and Asia hasn’t started. That wider spread alone can trigger a stop-loss placed close to the price, even though the market hasn’t really moved. If it is triggered, it may fill with slippage at a worse price than the one you set (how a trade works).",
        "A different challenge appears at the market open. When news breaks while a market is closed, it’s priced in all at once, so the first price can be far from the last close. Most mornings stock indices gap by a little, and now and then by a lot (indices trading). Forex gaps mainly after the weekend. The first minutes after an open also tend to be the most volatile of the session."
      ],
      "links": [
        {
          "label": "costs and fees",
          "url": "https://thetraderwiki.com/en/costs-and-fees/#weekend-charge",
          "type": "internal"
        },
        {
          "label": "slippage",
          "url": "https://thetraderwiki.com/en/glossary/#slippage",
          "type": "internal"
        },
        {
          "label": "how a trade works",
          "url": "https://thetraderwiki.com/en/how-cfd-trading-works/#execution-and-slippage",
          "type": "internal"
        },
        {
          "label": "indices trading",
          "url": "https://thetraderwiki.com/en/indices-trading/#gap-risk-at-the-open",
          "type": "internal"
        },
        {
          "label": "volatile",
          "url": "https://thetraderwiki.com/en/glossary/#volatility",
          "type": "internal"
        }
      ]
    },
    {
      "type": "prose",
      "id": "weekend-gap-example",
      "heading": "A worked example of a weekend gap",
      "url": "https://thetraderwiki.com/en/trading-hours/#weekend-gap-example",
      "basis": "illustrative",
      "basisLabel": "Illustrative figures: a made-up example, not a forecast or a quote.",
      "paragraphs": [
        "A weekend gap is easiest to see with made-up numbers. Say you buy an index CFD on Friday at 5,000 points, at 1 per point, and place a stop-loss at 4,950. You have planned to lose 50 if you’re wrong.",
        "Bad news comes out on Saturday. When the market reopens, the first price is 4,880. Your stop can’t fill at 4,950, because no trading happened at that level. It fills at about 4,880, and the loss is 120, more than twice what you planned.",
        "Leverage adds weight to that same gap. Say the margin, the deposit your provider held for the trade, was 250. In one step the gap took nearly half of it, and you had no chance to get out in between (risk management)."
      ],
      "links": [
        {
          "label": "Leverage",
          "url": "https://thetraderwiki.com/en/glossary/#leverage",
          "type": "internal"
        },
        {
          "label": "margin",
          "url": "https://thetraderwiki.com/en/glossary/#margin",
          "type": "internal"
        },
        {
          "label": "risk management",
          "url": "https://thetraderwiki.com/en/risk-management/#stop-types",
          "type": "internal"
        }
      ]
    },
    {
      "type": "callout",
      "id": "hours-warning",
      "heading": "Longer trading hours don’t make a trade safer",
      "url": "https://thetraderwiki.com/en/trading-hours/#hours-warning",
      "variant": "warning",
      "label": "Risk warning",
      "paragraphs": [
        "You get more chances to trade when hours are longer, but the quiet periods are the expensive ones. Hold a position through a close, rollover or weekend and you face risks that no order on your platform fully removes. On these products, most people lose at any hour. Between 74 % and 89 % of retail CFD accounts lost money in national regulators’ studies, ESMA reported (ESMA press release)."
      ],
      "links": [
        {
          "label": "ESMA",
          "url": "https://www.esma.europa.eu/",
          "type": "source",
          "title": "European Securities and Markets Authority",
          "publisher": "ESMA"
        },
        {
          "label": "ESMA press release",
          "url": "https://www.esma.europa.eu/press-news/esma-news/esma-agrees-prohibit-binary-options-and-restrict-cfds-protect-retail-investors",
          "type": "source",
          "title": "ESMA agrees to prohibit binary options and restrict CFDs to protect retail investors",
          "publisher": "ESMA"
        }
      ]
    },
    {
      "type": "faq",
      "id": "trading-hours-faq",
      "heading": "Trading hours: common questions",
      "url": "https://thetraderwiki.com/en/trading-hours/#trading-hours-faq",
      "intro": [
        "The trading hours questions people search for most are covered in this FAQ, and each answer can be read on its own."
      ],
      "items": [
        {
          "id": "what-time-does-the-us-stock-market-open",
          "question": "What time does the US stock market open?",
          "url": "https://thetraderwiki.com/en/trading-hours/#what-time-does-the-us-stock-market-open",
          "answer": [
            "The US stock market opens at 9:30 Eastern Time and closes at 16:00, Monday to Friday, on both the NYSE and Nasdaq (NYSE, Nasdaq). In UTC the hours are 13:30 to 20:00 while the US is on daylight time, and 14:30 to 21:00 for the rest of the year. In London the open is normally 14:30."
          ]
        },
        {
          "id": "us-open-australian-time",
          "question": "When does the US stock market open in Australian time?",
          "url": "https://thetraderwiki.com/en/trading-hours/#us-open-australian-time",
          "answer": [
            "The US stock market opens at 23:30 Sydney and Melbourne time during the Australian winter, when Australia uses standard time and the US is on daylight time. From early November to early March, Sydney is on daylight time and New York is on standard time, and the open becomes 01:30 the next morning. In the few weeks between those two periods, the market opens at 00:30. Brisbane doesn’t observe daylight saving, so the Nasdaq and NYSE open there at 23:30 or 00:30 (NSW Government, NIST)."
          ]
        },
        {
          "id": "what-are-nasdaq-trading-hours",
          "question": "What are Nasdaq trading hours?",
          "url": "https://thetraderwiki.com/en/trading-hours/#what-are-nasdaq-trading-hours",
          "answer": [
            "Nasdaq trading hours run from 9:30 to 16:00 Eastern Time on weekdays. There’s also a pre-market session from 4:00 to 9:30 and an after-hours session from 16:00 to 20:00 (Nasdaq). A CFD on a Nasdaq index, often labelled NAS100, usually trades for longer than that because providers price it from index futures."
          ]
        },
        {
          "id": "what-are-asx-trading-hours",
          "question": "What are ASX trading hours?",
          "url": "https://thetraderwiki.com/en/trading-hours/#what-are-asx-trading-hours",
          "answer": [
            "ASX trading hours for shares run from just before 10:00 to 16:00 Sydney time, with a closing auction at about 16:10 (ASX). When Sydney is on daylight time, this equates to 23:00 to 05:00 in UTC or GMT. On standard time, the hours are 00:00 to 06:00 in UTC or GMT."
          ]
        },
        {
          "id": "what-time-do-asian-markets-open",
          "question": "What time do Asian markets open?",
          "url": "https://thetraderwiki.com/en/trading-hours/#what-time-do-asian-markets-open",
          "answer": [
            "Asian markets open at 9:00 in Tokyo (00:00 UTC) and at 9:30 in Hong Kong (01:30 UTC) (Japan Exchange Group, HKEX). In New York that is 20:00 and 21:30 the evening before while the US is on daylight time, and an hour earlier in winter. In forex, the Asian session usually starts with the Tokyo morning."
          ]
        },
        {
          "id": "when-is-the-london-session",
          "question": "When is the London session?",
          "url": "https://thetraderwiki.com/en/trading-hours/#when-is-the-london-session",
          "answer": [
            "The London session in forex runs for the London working day, roughly 08:00 to 17:00 local time. During British summer that is 07:00 to 16:00 UTC, and in winter it’s 08:00 to 17:00 UTC. The last four hours overlap with the New York session, and those hours are usually the busiest of the forex day."
          ]
        },
        {
          "id": "is-forex-open-at-weekends",
          "question": "Is the forex market open at weekends?",
          "url": "https://thetraderwiki.com/en/trading-hours/#is-forex-open-at-weekends",
          "answer": [
            "The forex market does not trade at weekends, closing from Friday evening in New York until Monday morning in Sydney. Any trades held open over the weekend remain open. The opening price when trading resumes can be well away from Friday’s close. Crypto is the main market that continues trading on Saturday and Sunday."
          ]
        }
      ],
      "links": [
        {
          "label": "NYSE",
          "url": "https://www.nyse.com/markets/hours-calendars",
          "type": "source",
          "title": "Holidays and Trading Hours",
          "publisher": "New York Stock Exchange"
        },
        {
          "label": "Nasdaq",
          "url": "https://www.nasdaq.com/market-activity/stock-market-holiday-schedule",
          "type": "source",
          "title": "US and Nordic Stock Market Schedule",
          "publisher": "Nasdaq"
        },
        {
          "label": "NSW Government",
          "url": "https://www.nsw.gov.au/about-nsw/daylight-saving",
          "type": "source",
          "title": "Daylight saving",
          "publisher": "NSW Government"
        },
        {
          "label": "NIST",
          "url": "https://www.nist.gov/pml/time-and-frequency-division/popular-links/daylight-saving-time-dst",
          "type": "source",
          "title": "Daylight Saving Time (DST)",
          "publisher": "National Institute of Standards and Technology"
        },
        {
          "label": "ASX",
          "url": "https://www.asx.com.au/markets/market-resources/trading-hours-calendar/cash-market-trading-hours",
          "type": "source",
          "title": "Cash market trading hours",
          "publisher": "ASX"
        },
        {
          "label": "Japan Exchange Group",
          "url": "https://www.jpx.co.jp/english/equities/trading/domestic/01.html",
          "type": "source",
          "title": "Trading Hours: Trading Rules of Domestic Stocks",
          "publisher": "Japan Exchange Group"
        },
        {
          "label": "HKEX",
          "url": "https://www.hkex.com.hk/Services/Trading-hours-and-Severe-Weather-Arrangements/Trading-Hours/Securities-Market?sc_lang=en",
          "type": "source",
          "title": "Trading Hours: Securities Market",
          "publisher": "Hong Kong Exchanges and Clearing"
        }
      ]
    },
    {
      "type": "sources",
      "id": "sources",
      "heading": "Sources",
      "url": "https://thetraderwiki.com/en/trading-hours/#sources",
      "intro": [
        "The original documents this page cites, in the order they first appear."
      ],
      "items": [
        {
          "key": "nyse-hours-calendars",
          "title": "Holidays and Trading Hours",
          "publisher": "New York Stock Exchange",
          "url": "https://www.nyse.com/markets/hours-calendars"
        },
        {
          "key": "nasdaq-market-hours",
          "title": "US and Nordic Stock Market Schedule",
          "publisher": "Nasdaq",
          "url": "https://www.nasdaq.com/market-activity/stock-market-holiday-schedule"
        },
        {
          "key": "bis",
          "title": "Bank for International Settlements",
          "publisher": "BIS",
          "url": "https://www.bis.org/"
        },
        {
          "key": "bis-2025-triennial-press",
          "title": "Global FX trading hits $9.6 trillion per day in April 2025: Triennial Survey",
          "publisher": "Bank for International Settlements",
          "date": "2025-09-30",
          "url": "https://www.bis.org/press/p250930.htm"
        },
        {
          "key": "lse-market-close",
          "title": "London Stock Exchange Market Close ceremony",
          "publisher": "London Stock Exchange",
          "url": "https://docs.londonstockexchange.com/sites/default/files/documents/market_close_information_document_0.pdf"
        },
        {
          "key": "iba-lbma-gold-price",
          "title": "LBMA Gold and Silver Price",
          "publisher": "ICE Benchmark Administration",
          "url": "https://www.ice.com/iba/lbma-gold-silver-price"
        },
        {
          "key": "ice-brent-futures-spec",
          "title": "Brent Crude Futures: product specification",
          "publisher": "Intercontinental Exchange",
          "url": "https://www.ice.com/products/219/Brent-Crude-Futures"
        },
        {
          "key": "nist-daylight-saving",
          "title": "Daylight Saving Time (DST)",
          "publisher": "National Institute of Standards and Technology",
          "url": "https://www.nist.gov/pml/time-and-frequency-division/popular-links/daylight-saving-time-dst"
        },
        {
          "key": "govuk-clocks-change",
          "title": "When do the clocks change?",
          "publisher": "GOV.UK",
          "url": "https://www.gov.uk/when-do-the-clocks-change"
        },
        {
          "key": "nsw-daylight-saving",
          "title": "Daylight saving",
          "publisher": "NSW Government",
          "url": "https://www.nsw.gov.au/about-nsw/daylight-saving"
        },
        {
          "key": "esma",
          "title": "European Securities and Markets Authority",
          "publisher": "ESMA",
          "url": "https://www.esma.europa.eu/"
        },
        {
          "key": "esma-2018-press",
          "title": "ESMA agrees to prohibit binary options and restrict CFDs to protect retail investors",
          "publisher": "ESMA",
          "date": "2018-03-27",
          "url": "https://www.esma.europa.eu/press-news/esma-news/esma-agrees-prohibit-binary-options-and-restrict-cfds-protect-retail-investors"
        },
        {
          "key": "asx-cash-market-hours",
          "title": "Cash market trading hours",
          "publisher": "ASX",
          "url": "https://www.asx.com.au/markets/market-resources/trading-hours-calendar/cash-market-trading-hours"
        },
        {
          "key": "jpx-trading-hours",
          "title": "Trading Hours: Trading Rules of Domestic Stocks",
          "publisher": "Japan Exchange Group",
          "url": "https://www.jpx.co.jp/english/equities/trading/domestic/01.html"
        },
        {
          "key": "hkex-securities-hours",
          "title": "Trading Hours: Securities Market",
          "publisher": "Hong Kong Exchanges and Clearing",
          "url": "https://www.hkex.com.hk/Services/Trading-hours-and-Severe-Weather-Arrangements/Trading-Hours/Securities-Market?sc_lang=en"
        }
      ]
    }
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    {
      "title": "Forex trading: what forex is and how it works",
      "url": "https://thetraderwiki.com/en/forex-trading/",
      "blurb": "Currency pairs, pips and lots, trading hours, what moves exchange rates, and why swap can be paid to you."
    },
    {
      "title": "Indices trading with CFDs: cash, futures, dividends",
      "url": "https://thetraderwiki.com/en/indices-trading/",
      "blurb": "What an index CFD tracks, cash versus futures prices, dividend adjustments, hours and the gap at the open."
    },
    {
      "title": "Gold trading: how XAU/USD works as a CFD",
      "url": "https://thetraderwiki.com/en/gold-trading/",
      "blurb": "What XAU/USD is, where the gold price comes from, what moves it, contract size, leverage and trading hours."
    },
    {
      "title": "Economic calendar: how to read it and what moves markets",
      "url": "https://thetraderwiki.com/en/economic-calendar/",
      "blurb": "How to read a calendar row, the releases that move markets, who publishes them, and what happens to spreads."
    },
    {
      "title": "CFD and forex trading fees: spread, swap, commission",
      "url": "https://thetraderwiki.com/en/costs-and-fees/",
      "blurb": "Every cost of a CFD trade: spread, commission, overnight financing, weekend charges and account fees."
    }
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