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What time does the forex day close?

The foreign exchange market, also known as the forex market, is the largest financial market in the world. It operates 24 hours a day, five days a week, with trading sessions opening in different time zones across the globe. As a result, traders can participate in the market at any time of day, but the question remains, what time does the forex day close?

Forex trading sessions

The forex market operates in four major trading sessions – the Sydney session, the Tokyo session, the London session, and the New York session. These sessions overlap for a few hours, creating a high volume of trading activity, and allowing traders to access the market at any time.

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The Sydney session opens at 10 pm GMT (5 pm EST) and closes at 7 am GMT (2 am EST). The Tokyo session starts at midnight GMT (7 pm EST) and closes at 9 am GMT (4 am EST). The London session begins at 8 am GMT (3 am EST) and ends at 5 pm GMT (12 pm EST). Finally, the New York session opens at 1 pm GMT (8 am EST) and closes at 10 pm GMT (5 pm EST).

When does the forex day close?

The forex market is open 24 hours a day, five days a week, from Monday to Friday. However, the forex day is separated into different trading sessions, and each session has its own opening and closing times. Therefore, the forex day technically does not have a specific closing time.

Traders can participate in the market during any of the four trading sessions, depending on the currency pairs they want to trade and their time zone. The end of the trading day for a trader will depend on the time zone they are located in and the trading session they are participating in.

For example, a trader in the United States participating in the New York session will have their trading day end at 5 pm EST. On the other hand, a trader in Australia participating in the Sydney session will have their trading day end at 7 am GMT.

Why is the forex market open 24 hours a day?

The forex market is open 24 hours a day, five days a week, because it operates in different time zones around the world. The forex market is a decentralized market, which means that it does not have a physical location or exchange. Instead, the market operates through a network of financial institutions, brokers, and dealers around the world.

The 24/5 nature of the forex market allows traders to access the market at any time, providing them with flexibility and convenience. Traders can participate in the market before or after their regular working hours, making forex trading accessible to both full-time and part-time traders.

Conclusion

The forex market is a global market that operates 24 hours a day, five days a week, with trading sessions opening in different time zones around the world. There is no specific closing time for the forex day, as the market is open continuously throughout the week. The end of the trading day for a trader will depend on the time zone they are located in and the trading session they are participating in. The 24/5 nature of the forex market provides traders with flexibility and convenience, allowing them to participate in the market at any time.

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