> For the complete documentation index, see [llms.txt](https://docs.javsphere.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.javsphere.com/products/leveragex/trader/assets/forex.md).

# Forex

## Market Times <a href="#market-times" id="market-times"></a>

Unlike crypto markets, forex markets are not open 24/7. Times are referenced in GMT (Greenwich Mean Time).

<table><thead><tr><th width="184">Day of the week</th><th>Market Open / Close</th></tr></thead><tbody><tr><td>Monday</td><td>Open all day</td></tr><tr><td>Tuesday</td><td>Open all day</td></tr><tr><td>Wednesday</td><td>Open all day</td></tr><tr><td>Thursday</td><td>Open all day</td></tr><tr><td>Friday</td><td>Closed from 8 PM (DST) or 9 PM (non-DST)</td></tr><tr><td>Saturday</td><td>Closed all day</td></tr><tr><td>Sunday</td><td>Open from 9 PM (DST) or 10 PM (non-DST)</td></tr></tbody></table>

Additionally, there are the following **holidays** where market are closed:

January 1, 2025 – New Year’s Day
\
April 18, 2025 – Good Friday
\
December 25, 2025 – Christmas Day

## Gaps <a href="#gaps" id="gaps"></a>

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 <a href="#reduced-leverage-increased-spread" id="reduced-leverage-increased-spread"></a>

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](https://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.