The forex market or the foreign exchange market is the world’s largest financial market, with a daily trading volume of over $5 trillion. It is a decentralized market where currencies are traded 24 hours a day, five days a week. The forex market is divided into three main trading sessions: the Asian, European, and American sessions. The London session is one of the most important trading sessions in the forex market, as London is considered the financial capital of the world.
The London forex market opens at 8:00 AM GMT and closes at 4:00 PM GMT. During this time, the forex market is extremely active, with high trading volumes, volatility, and liquidity. The London session is considered the most important trading session in the forex market, as it overlaps with the Asian and American sessions, creating a high level of trading activity.
The Asian session starts at 12:00 AM GMT and ends at 9:00 AM GMT. The Asian session is known for its low volatility and liquidity, as most of the major financial centers in the Asia-Pacific region are closed during this time. The European session starts at 7:00 AM GMT and ends at 4:00 PM GMT. The European session is the most active session in the forex market, as it overlaps with both the Asian and American sessions.
The American session starts at 12:00 PM GMT and ends at 9:00 PM GMT. The American session is also an important trading session in the forex market, as it overlaps with the European session. However, the American session is not as active as the European session, as many traders in the United States tend to focus on the stock market rather than the forex market.
The forex market is open 24 hours a day, five days a week, with the exception of weekends and certain holidays. The forex market is open from Sunday at 5:00 PM EST to Friday at 5:00 PM EST. The forex market is closed on Saturdays and Sundays, as most of the major financial centers around the world are closed during these times.
The forex market is a global market, with traders from all over the world participating in the market. The forex market is open 24 hours a day, five days a week, which means that traders can trade at any time of the day or night. However, it is important to note that not all trading sessions are equal in terms of trading volume, volatility, and liquidity.
In conclusion, the London forex market opens at 8:00 AM GMT and closes at 4:00 PM GMT. The London session is the most important trading session in the forex market, as it overlaps with both the Asian and American sessions, creating high trading activity. Traders should be aware of the different trading sessions in the forex market and the characteristics of each session in order to make informed trading decisions.
