The forex market is a decentralized market that operates 24 hours a day, except on weekends. It is the largest financial market in the world, with an average daily trading volume of $5.3 trillion. The forex market is a global market that operates in different time zones, and as a result, traders need to know the opening and closing times of various trading sessions.
London is one of the major financial centers of the world and is home to the London Stock Exchange (LSE) and the forex market. The London forex market is one of the most active forex markets in the world, and it accounts for over 30% of the daily forex trading volume.
Denver is a city in the Mountain Time Zone, which is seven hours behind the Coordinated Universal Time (UTC-7). Therefore, the forex market opens in Denver at 5 pm (UTC-7) on Sunday evening and closes at 3 pm (UTC-7) on Friday afternoon.
The London forex market opens at 3 am (UTC) and closes at 12 pm (UTC). Therefore, the London forex market opens in Denver at 8 pm (UTC-7) and closes at 5 am (UTC-7). The London forex market is open for 8 hours, and during this time, traders can buy and sell currencies at the prevailing market rates.
The London forex market is the most active during the first few hours of the opening session, with high volatility and liquidity. The market activity slows down during the European afternoon, and the market is relatively quiet during the Asian session.
Traders in Denver can take advantage of the London forex market opening by trading major currency pairs such as EUR/USD, GBP/USD, and USD/JPY. These currency pairs have the highest trading volume during the London trading session, and traders can benefit from the high liquidity and tight spreads.
In conclusion, the London forex market opens in Denver at 8 pm (UTC-7) and closes at 5 am (UTC-7). Traders in Denver can take advantage of the high liquidity and volatility during the London trading session by trading major currency pairs. However, traders should also be aware of the risks associated with forex trading and should have a sound trading strategy and risk management plan in place.
