Even if the market is open, you can’t place an order? How to view per-instrument trading hours
You may have heard that the foreign exchange market operates 24 hours a day, but when you try to place an order in MT5, it shows that “the market is closed.” Have you ever encountered such a situation?
Trading hours vary by instrument. This time, we will整理 the viewing method.
Trading hours differ by instrument
The major currency pairs for FX can be traded almost continuously on weekdays. On the other hand, there are instruments that MT5 can handle, such as the following.
- CFDs on stock indices: there are cases where lunch breaks or halt times are set to match the corresponding market hours
- CFDs on gold and crude oil: there may be short休止 times within a day
- CFDs on individual stocks: often limited to when the original stock market is open
Even within the same account, trading hours can differ by instrument, which is not uncommon.
“Visible” and “Tradable” are separate
Even if a price is shown on the chart, it does not necessarily mean you can place an order. In MT5’s instrument specifications, two items are recorded separately:
- The times when quotes are delivered
- The times when orders are actually accepted (trading sessions)
How to check trading hours in MT5
- Open Market Watch (Ctrl+M)
- Right-click the instrument you want to check and open “Specification”
- In items such as “Session,” check the trading hours by day (quotes and trading)
The times displayed are not in Japan time but in the server time of your brokerage. If you want to convert to Japan time, check the difference from the server time.
Be mindful of holidays and year-end/new year
- On holidays in the US, UK, and other regions, trading hours for related instruments may be shortened or halted
- Year-end and New Year periods often follow different schedules
- Your broker may issue notices of changes to trading hours
Important points
- Trading hours may be changed at the broker’s discretion
- During daylight saving time transitions, trading hours may shift
- Even during “within trading hours,” spreads and conditions can change just after opening or just before close
Summary
“Seeing a price” and “being able to place an order” are different. Before trading an instrument, check its trading hours in the specifications once to reduce the time spent searching for reasons you cannot place an order.