Forex trading, also known as foreign exchange or currency trading, operates in a decentralize global market where currencies are bought and sold. The Forex market operates 24 hours a day, five days a week, with few exceptions. However, the number of trading days in a year can vary based on different factors.
The Forex market is open from Monday to Friday, giving it a total of five trading days in a typical week. This is because various financial centers around the world are active during different time zones, allowing for continuous trading.
The number of trading days in a year can be affect by market holidays observe in different countries. Major Forex markets are close on certain holidays, such as Christmas, New Year’s Day, and national holidays. These closures can lead to a reduction in the overall number of trading days during the year.
While the Forex market operates continuously from Monday to Friday, there is a gap between Friday’s closing price and Sunday’s opening price due to the weekend break. This gap occurs because trading activities are paused during weekends. And prices can experience significant shifts when the market reopens on Sunday evening.
A Leap years, which have an extra day (February 29), can affect the total number of trading days in a given year. Leap years have 252 trading days, while non-leap years have 251 trading days.
In summary, the typical number of Forex trading days in a year is around 252 days in non-leap years and 253 days in leap years. This takes into account the continuous nature of Forex trading from Monday to Friday and the impact of holidays and weekends. However, it’s essential to consider local holidays and trading hours of specific currency pairs, as they might influence the availability of trading opportunities throughout the year.