Forex trading sessions: London, New York, Tokyo, Sydney. Know the forex Yes , it is true that the forex market is open 24 hours a day, but that doesn't mean it's always active the entire day. You can make Local Time, EDT, BST (GMT+1). GMT and EST hours for trading Forex. Forex market welcomes traders 24 hours a day. Forex market opens on Sunday 5 pm EST (10:00 pm GMT), closes on The simplest answer is that the forex is open for trading all the time, but that the New York, where the forex opens at 1 pm GMT and closes eight hours later,