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Forex when does open?

Forex, or foreign exchange, is the market where currencies are traded globally. The forex market is open 24 hours a day, five days a week, from Sunday at 5:00 pm EST until Friday at 4:00 pm EST. However, the trading hours can vary depending on the country and timezone.

The forex market is the largest financial market in the world, with an estimated daily trading volume of $5.3 trillion. This market is decentralized, meaning that there is no central exchange or clearinghouse. Instead, the transactions are conducted electronically over-the-counter (OTC) through a network of banks, brokers, and dealers.

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The forex market is divided into three major trading sessions: the Asian session, the European session, and the US session. Each session has its own unique characteristics and trading opportunities.

The Asian session starts at 5:00 pm EST on Sunday and ends at 2:00 am EST on Monday. This session is dominated by the Tokyo market, but other markets such as Singapore, Hong Kong, and Sydney also participate. The Asian session is known for its low volatility and slow price movements.

The European session starts at 3:00 am EST and ends at 12:00 pm EST. This session is dominated by the London market, but other markets such as Frankfurt, Paris, and Zurich also participate. The European session is known for its high volatility and fast price movements.

The US session starts at 8:00 am EST and ends at 5:00 pm EST. This session is dominated by the New York market, but other markets such as Chicago and Toronto also participate. The US session is known for its high volatility and fast price movements, especially during the overlap with the European session.

It is important to note that the trading hours can vary depending on the country and timezone. For example, during daylight saving time, the trading hours may shift by an hour in some countries. It is important to check the trading hours with your broker or trading platform to ensure that you are aware of any changes.

In addition to the three major trading sessions, there are also smaller trading sessions such as the Pacific session and the Middle East session. These sessions have lower trading volumes and are less active compared to the major sessions.

Forex trading is a 24-hour market, which means that traders can trade at any time of the day or night. However, not all trading hours are equal in terms of liquidity and volatility. Traders should be aware of the different trading sessions and their characteristics to maximize their trading opportunities.

In conclusion, the forex market is open 24 hours a day, five days a week, from Sunday at 5:00 pm EST until Friday at 4:00 pm EST. The trading hours can vary depending on the country and timezone, and the market is divided into three major trading sessions: the Asian session, the European session, and the US session. Traders should be aware of the different trading sessions and their characteristics to maximize their trading opportunities.

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