The forex market is a decentralized market that operates 24 hours a day, five days a week. It is the largest financial market in the world, with a daily trading volume of over $5 trillion. The forex market is open for trading from Sunday at 5 pm EST until Friday at 5 pm EST.
In January 2017, the forex market followed the same trading hours as usual. This means that trading started on Sunday, January 1st at 5 pm EST and ended on Friday, January 27th at 5 pm EST. However, there are slight variations in trading hours depending on the location and time zone.
For example, forex trading starts on Monday morning in Australia and ends on Friday afternoon in New York. This time difference means that traders can trade forex at any time of the day or night, depending on their location and local time zone.
To make things easier for traders, the forex market is divided into three main trading sessions: the Asian session, the European session, and the US session. Each session has its own unique characteristics and trading opportunities.
The Asian session starts at 5 pm EST on Sunday and ends at 2 am EST on Monday. This session is characterized by low volatility and low trading volume, as most European and US traders are not active during this time.
The European session starts at 3 am EST and ends at 12 pm EST. This session is the most active and volatile, as it overlaps with the Asian session and the US session. The European session is also the time when most economic news and events are released, which can have a significant impact on the forex market.
The US session starts at 8 am EST and ends at 5 pm EST. This session is also highly active and volatile, as it overlaps with the European session. The US session is also characterized by the release of economic news and events, which can have a significant impact on the forex market.
It is important for traders to be aware of the different trading sessions and their characteristics, as this can help them to make more informed trading decisions. Traders can also use different trading strategies depending on the trading session they are trading in.
In conclusion, the forex market operates 24 hours a day, five days a week, and follows the same trading hours in January 2017 as usual. Traders should be aware of the different trading sessions and their characteristics to make more informed trading decisions.
