Forex Market Trading Hours in Pakistan
The Forex market is active 24 hours a day, five days a week, allowing traders in Pakistan to engage in trading activities at almost any time. The market starts on Sunday evening and closes on Friday night, following the standard market hours across the globe.
The time zone for Pakistan is Pakistan Standard Time (PKT), which is GMT+5. Understanding the opening and closing times of the market in relation to local time is essential for traders looking to trade at optimal times.
- The Forex market opens at 5 PM (PKT) on Sunday when the Sydney session begins.
- The market closes at 5 PM (PKT) on Friday when the New York session ends.
Best Times to Trade on Exness
The Forex market is divided into different sessions based on global financial centers. The best times to trade on Exness depend on these market sessions and when they overlap, ensuring high liquidity and volatility:
Asian Session (Sydney and Tokyo)
- Active Hours: 5:00 AM – 2:00 PM PKT
- Best for trading currencies like JPY, AUD, and NZD.
European Session (London)
- Active Hours: 1:00 PM – 10:00 PM PKT
- Most active for EUR, GBP, and commodities like gold.
US Session (New York)
- Active Hours: 7:00 PM – 4:00 AM PKT (Monday to Friday)
- Best for trading USD pairs, with high volatility around the US economic data release times.
The overlap between London and New York sessions from 1:00 PM to 4:00 PM PKT is often considered the best time to trade due to the high liquidity and increased market movement.
How Time Zones Affect Trading in Pakistan
Trading times in Pakistan are directly influenced by the time zone difference compared to the major financial centers like London, New York, and Tokyo. As the market operates around the clock, local traders need to adjust their strategies according to the time zone shifts. Here’s how different time zones influence trading in Pakistan:
- Market Open Times: While the Forex market opens at 5 PM PKT, the opening of each session can lead to different market conditions. The Asian session starts at 5 PM PKT on Sunday, and as the day progresses, market liquidity and volatility increase as other financial centers open up.
- Session Overlaps: The overlap between the European and US sessions, occurring from 1:00 PM to 4:00 PM PKT, offers one of the most active times for trading, as both the European and US markets are open, which leads to increased price movements.
- Daily Market Close: The Forex market officially closes at 5 PM PKT on Friday, marking the end of the trading week. For traders in Pakistan, this is when the market winds down for the weekend, and trading volume tends to decrease.
Adjusting your trading times to the optimal trading windows helps capture more market opportunities, especially in volatile market conditions.
FAQs
What time does Exness market open in Pakistan?
Exness follows the standard Forex market hours. The market opens at 5 PM (PKT) on Sunday when the Sydney session begins.