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What forex session is open now?

Forex trading is a 24-hour market that operates five days a week. The trading week starts on Sunday at 5 pm EST and ends on Friday at 5 pm EST. During this time, the market is open for trading in different parts of the world, which makes it possible for traders to enter and exit the market at any time of the day or night.

There are four major forex trading sessions that operate during the 24-hour trading period. They are the Asian session, the European session, the US session, and the Pacific session. Each of these sessions has its unique characteristics, and traders must be aware of them to make informed decisions about their trades.

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Asian Session

The Asian session is the first session of the trading day and is also known as the Tokyo session. It starts at 7 pm EST and ends at 4 am EST. The Asian session is known for its low volatility and low liquidity, making it the quietest trading session of the day. The Japanese yen is the most traded currency during this session, and the market tends to move slowly during this time.

European Session

The European session is the second session of the trading day and is also known as the London session. It starts at 3 am EST and ends at 12 pm EST. The European session is known for its high volatility and high liquidity. This session is considered the most active trading session of the day, and it is when most of the economic news releases are announced. The euro is the most traded currency during this session, followed by the British pound.

US Session

The US session is the third session of the trading day and is also known as the New York session. It starts at 8 am EST and ends at 5 pm EST. The US session is known for its high volatility and high liquidity, similar to the European session. The US dollar is the most traded currency during this session, and it is when most of the economic news releases from the US are announced.

Pacific Session

The Pacific session is the last session of the trading day and is also known as the Sydney session. It starts at 5 pm EST and ends at 2 am EST. The Pacific session is known for its low volatility and low liquidity, similar to the Asian session. The Australian dollar is the most traded currency during this session, and the market tends to move slowly during this time.

Conclusion

In conclusion, forex trading is a 24-hour market that operates five days a week. The four major forex trading sessions are the Asian session, the European session, the US session, and the Pacific session. Each of these sessions has its unique characteristics, and traders must be aware of them to make informed decisions about their trades. Understanding the different forex sessions can help traders to choose the best time to trade, depending on their trading strategy and the currency pairs they are trading.

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