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What market is open now for forex?

Forex or foreign exchange market is the largest financial market in the world, with an average daily trading volume of over $5 trillion. It is a decentralized market, meaning that it operates 24 hours a day, five days a week, with no central exchange or clearinghouse. As a result, traders can access the market at any time, regardless of their location. However, certain trading sessions are more active than others, creating different opportunities for traders. In this article, we will explain what markets are open now for forex trading.

There are four major forex trading sessions:

1. Sydney Session: The Sydney session opens at 10:00 PM GMT and closes at 7:00 AM GMT. This session overlaps with the Tokyo session for two hours. The Sydney session is not very active, and the currency pairs that are most actively traded during this session include AUD/USD, AUD/JPY, and NZD/USD.

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2. Tokyo Session: The Tokyo session opens at 12:00 AM GMT and closes at 9:00 AM GMT. This session is the most active of the Asian trading sessions and overlaps with the Sydney session for two hours. The currency pairs that are most actively traded during this session include USD/JPY, EUR/JPY, and AUD/JPY.

3. London Session: The London session opens at 8:00 AM GMT and closes at 5:00 PM GMT. This session is the most active of all the forex trading sessions and overlaps with the Tokyo and New York sessions for two hours. The currency pairs that are most actively traded during this session include EUR/USD, GBP/USD, and EUR/GBP.

4. New York Session: The New York session opens at 1:00 PM GMT and closes at 10:00 PM GMT. This session overlaps with the London session for four hours. The currency pairs that are most actively traded during this session include USD/JPY, EUR/USD, and GBP/USD.

It is important to note that the forex market is open 24 hours a day, but not all currency pairs are equally active during all sessions. For example, the EUR/USD pair is most actively traded during the London session, while the USD/JPY pair is most actively traded during the Tokyo session. As a result, traders need to be aware of the market activity during different sessions to take advantage of the opportunities that arise.

In addition to the four major forex trading sessions, there are also other important trading sessions that overlap with them. These include the Frankfurt session, which overlaps with the London session, and the Singapore and Hong Kong sessions, which overlap with the Tokyo session.

The best time to trade forex depends on the trader’s strategy and goals. For example, traders who prefer high volatility and fast-paced trading may prefer to trade during the London or New York sessions when the market is most active. On the other hand, traders who prefer a more stable and predictable market may prefer to trade during the Sydney or Tokyo sessions.

In conclusion, the forex market is open 24 hours a day, five days a week, and there are different trading sessions that offer different opportunities for traders. The four major trading sessions are the Sydney, Tokyo, London, and New York sessions, and traders need to be aware of the market activity during different sessions to take advantage of the opportunities that arise. Ultimately, the best time to trade forex depends on the trader’s strategy and goals.

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