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Forex what time does london session open?

Forex, or foreign exchange, is the largest financial market in the world. It is a decentralized market where currencies are traded 24 hours a day, five days a week. The London session is one of the three major trading sessions in the Forex market, along with the New York and Tokyo sessions. In this article, we will discuss what time the London session opens and why it is important for Forex traders.

The London session opens at 8:00 AM GMT (3:00 AM EST) and closes at 4:00 PM GMT (11:00 AM EST). It is the second-largest trading session in terms of trading volume, accounting for approximately 36% of the total daily Forex trading volume. The London session overlaps with the New York session for about four hours, which is when the most significant price movements occur.

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One of the main reasons the London session is so important is that it is home to the largest financial center in the world, London. London is the financial hub of Europe, and many of the world’s largest banks and financial institutions have their headquarters there. These banks and financial institutions are responsible for the majority of the trading volume in the London session, making it a very liquid market.

The London session is also significant because it is the time when economic data is released for the European Union. Economic data such as GDP, CPI, manufacturing data, and employment figures are released during the London session. This data can have a significant impact on the Forex market, as traders use it to make informed trading decisions.

Another factor that makes the London session important is the overlap with the New York session. When the London and New York sessions overlap, there is a significant increase in trading volume, and this is when most of the major currency pairs see the most significant price movements. This overlap is also known as the “golden hours” and is when most of the institutional traders and big banks are active in the market.

When trading during the London session, traders should be aware of the currency pairs that are most active during this time. The most active currency pairs during the London session are the GBP/USD, EUR/USD, and USD/CHF. These currency pairs can see significant price movements during the London session, so traders should keep a close eye on them.

In conclusion, the London session is a crucial trading session in the Forex market. It opens at 8:00 AM GMT (3:00 AM EST) and closes at 4:00 PM GMT (11:00 AM EST). It is significant because it is the second-largest trading session in terms of trading volume, it overlaps with the New York session, and it is the time when economic data is released for the European Union. Traders should be aware of the currency pairs that are most active during this time and keep a close eye on them.

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