Forex trading, also known as foreign exchange trading, is a decentralized market where traders buy and sell currencies from all around the world. Forex trading is a 24-hour market, which means it operates around the clock and never closes.
Forex trading hours vary around the world due to different time zones. The trading day starts in Australia and ends in New York. However, it is important to note that the forex market is not open during weekends. This means that the market is closed on Saturdays and Sundays, but it is open 24 hours a day from Monday to Friday.
The forex market is the largest financial market in the world, with an average daily trading volume of over $5 trillion. The market operates continuously throughout the day and night, with trading sessions overlapping in different time zones. This ensures that traders can participate in the market at any time of day, regardless of their location.
The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. These sessions overlap with each other, which means that there are specific times of the day when the market is particularly active.
The Sydney session is the first session of the day, and it opens at 10:00 PM GMT on Sunday. The Sydney session is relatively quiet, with low trading volume, as most traders are still sleeping. The Tokyo session starts at 12:00 AM GMT, and it is often the most active session of the day. The Tokyo session is known for its high volatility and fast-paced trading activity.
The London session is the third session of the day, and it opens at 8:00 AM GMT. The London session is the most active session of the day, with the highest trading volume. This is because London is the financial capital of Europe and is home to many major financial institutions.
The New York session is the final session of the day, and it opens at 1:00 PM GMT. The New York session is also a highly active session, as it overlaps with the end of the London session. This means that there is a lot of trading activity during the first few hours of the New York session.
In conclusion, the forex market is a 24-hour market that never closes. The market operates continuously throughout the day and night, with trading sessions overlapping in different time zones. The forex market is divided into four major trading sessions, which are the Sydney session, the Tokyo session, the London session, and the New York session. Traders can participate in the market at any time of day, regardless of their location, as long as the market is open.
