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Forex when does the market close?

Forex or foreign exchange market is a decentralized global market where currencies are traded. It is the largest financial market in the world, with a daily average turnover of over $5 trillion. Forex trading is available 24 hours a day, five days a week, from Sunday 5 p.m. EST to Friday 4 p.m. EST. However, there are several factors that can affect the market’s closing time.

The Forex market is open 24 hours a day because it is a global market, and different time zones around the world make it possible to trade at any time of the day. The market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each session has its own opening and closing times, and they overlap with each other.

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The Sydney session opens at 5 p.m. EST on Sunday and closes at 2 a.m. EST on Monday. The Tokyo session starts at 7 p.m. EST on Sunday and ends at 4 a.m. EST on Monday. The London session begins at 3 a.m. EST and closes at 12 p.m. EST. Finally, the New York session starts at 8 a.m. EST and ends at 5 p.m. EST.

It’s important to note that the Forex market does not close completely during the week. Instead, it only closes on weekends. However, there are certain times during the week when the market tends to be less active. For example, during the overlap between the New York and London sessions, the market is typically more active than during the overlap between the Sydney and Tokyo sessions.

Another factor that can affect the market’s closing time is holidays. The Forex market is open on most holidays, but trading volumes tend to be lower than usual. Some of the holidays that can affect Forex trading include Christmas, New Year’s Day, Thanksgiving Day, and Good Friday.

Additionally, news events and economic data releases can also affect the market’s closing time. For example, if there is a major news event or economic data release scheduled for the end of a trading session, traders may choose to close their positions early to avoid any potential losses.

In conclusion, Forex trading is available 24 hours a day, five days a week, from Sunday 5 p.m. EST to Friday 4 p.m. EST. However, there are several factors that can affect the market’s closing time, including trading sessions, holidays, and news events. It’s important for traders to be aware of these factors and adjust their trading strategies accordingly.

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