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What time does london forex session start?

The foreign exchange market is the largest financial market in the world, with a daily trading volume of over $5 trillion. It is a decentralized market, meaning that it operates 24 hours a day, five days a week, across different time zones. Each trading day is divided into three trading sessions- the Asian, European, and North American sessions. In this article, we will focus on the London forex session and what time it starts.

The London forex session is the most active and liquid forex trading session in the world. It accounts for almost 35% of the total daily trading volume in the forex market. It starts when the Asian session ends, and it overlaps with the New York session, making it the busiest time of the trading day.

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The London forex session starts at 8:00 AM GMT and ends at 4:00 PM GMT. It is during this time that most of the major forex pairs are traded, including EUR/USD, GBP/USD, USD/JPY, USD/CHF, and USD/CAD. The timing of the London session is critical, as it coincides with the opening of major financial centers such as Frankfurt, Paris, and Zurich.

One of the main advantages of trading during the London session is the high liquidity. The London session sees the highest trading volume of all the trading sessions, and this translates to tighter spreads and lower transaction costs. This makes it easier for traders to execute trades at their desired price levels.

Another advantage of the London forex session is the high volatility. The London session is known for its sharp price movements, which can provide traders with ample trading opportunities. However, it is important to note that high volatility can also increase the risk of losses, so traders need to have a sound risk management strategy in place.

The London forex session is also known for its news releases and economic data releases. The United Kingdom is one of the largest economies in the world, and its economic data releases can have a significant impact on the forex market. Traders need to keep an eye on news releases such as the UK GDP, inflation, and employment data, as they can cause sharp price movements in the forex market.

During the London forex session, traders also need to keep an eye on the opening of other financial centers, such as New York. The overlap between the London and New York sessions can provide traders with additional trading opportunities. The New York session is known for its high liquidity and is the second busiest forex trading session in the world.

In conclusion, the London forex session is the most active and liquid trading session in the world, accounting for almost 35% of the total daily trading volume in the forex market. It starts at 8:00 AM GMT and ends at 4:00 PM GMT, and it coincides with the opening of major financial centers such as Frankfurt, Paris, and Zurich. Traders need to keep an eye on news releases and economic data releases during this session, as they can cause sharp price movements in the forex market. Overall, the London forex session provides traders with ample trading opportunities, but they need to have a sound risk management strategy in place to manage the high volatility.

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