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What time does the forex market open on sunday 4/24/2016?

The forex market, also known as the foreign exchange market, is the largest financial market in the world. It is a decentralized market where currencies are traded 24 hours a day, five days a week. The forex market is open from Sunday at 5:00 pm EST (10:00 pm GMT) until Friday at 5:00 pm EST (10:00 pm GMT).

The forex market is unique in that it operates continuously around the clock, with no central exchange or physical location. Instead, it is a network of banks, brokers, and traders located in different parts of the world. This means that the forex market is always open somewhere in the world, and traders can participate in the market at any time of the day or night.

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The forex market is divided into three major trading sessions: the Asian session, the European session, and the US session. The Asian session starts on Sunday at 5:00 pm EST (10:00 pm GMT) and ends at 2:00 am EST (7:00 am GMT). The European session starts at 3:00 am EST (8:00 am GMT) and ends at 12:00 pm EST (5:00 pm GMT). The US session starts at 8:00 am EST (1:00 pm GMT) and ends at 5:00 pm EST (10:00 pm GMT).

Each trading session has its own characteristics and trading opportunities. The Asian session is known for its low volatility and range-bound trading, while the European session is known for its high volatility and trend-following trading. The US session is the most active and liquid session, as it overlaps with the European session and includes the release of important economic data and news events.

It is important to note that the forex market is closed on weekends, which means that there is no trading on Saturday and Sunday. However, the forex market may be affected by news events and other factors that occur during the weekend, such as political developments, natural disasters, and market rumors. These events can lead to significant price gaps and volatility when the market opens on Monday.

In conclusion, the forex market is open 24 hours a day, five days a week, from Sunday at 5:00 pm EST (10:00 pm GMT) until Friday at 5:00 pm EST (10:00 pm GMT). The market is divided into three major trading sessions, each with its own characteristics and trading opportunities. While the forex market is closed on weekends, traders should be aware of news events and other factors that may affect the market when it opens on Monday.

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