Forex
Market Times
Unlike crypto markets, forex markets are not open 24/7. Times are referenced in ET (Eastern Time).
Monday
Open all day
Tuesday
Open all day
Wednesday
Open all day
Thursday
Open all day
Friday
Closed from 4 PM (DST) or 5 PM (non-DST)
Saturday
Closed all day
Sunday
Open from 4 PM (DST) or 5 PM (non-DST)
Additionally, there are the following holidays where market are closed:
December 25th - 27th
January 1st - 2nd
Gaps
Forex prices can experience gaps when the market reopens after being closed, which means the price can open at a different level than where it closed. This can affect your trades, especially those with open positions:
Risk of Liquidation: If the market moves against your position during a gap, your trade could be liquidated.
Potential for Higher Gains: Gaps can also work in your favor, potentially resulting in a larger profit than anticipated.
Due to these factors, LeverageX does not guarantee stop losses for forex trades, so extra caution is needed when holding positions during market closures.
Reduced Leverage/Increased Spread
During certain market conditions, LeverageX temporarily reduces leverage and increases spreads:
Major News Events: 1 hour before to 10 minutes after the event.
Market Closures: 30 minutes before the market closes.
Low Liquidity Sessions: For 2 hours after the New York Stock Exchange closes.
How LeverageX Calculates Prices
LeverageX utilizes data from Pyth.network to determine the price of all forex pairs. Pyth.network is a decentralized oracle network that aggregates high-fidelity market data from over 70 leading financial institutions, including exchanges, market makers, and proprietary trading firms. By leveraging Pyth.network, LeverageX ensures accurate, real-time pricing, providing traders with a reliable and transparent trading experience.
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