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What time does the forex market opens?

The foreign exchange market, also known as the forex market, is a decentralized market where currencies are traded. It is the largest financial market in the world with an average daily trading volume of $5.3 trillion. The forex market is open 24 hours a day, five days a week. However, trading hours vary depending on the region and the type of currency being traded.

The forex market operates in four major time zones: Sydney, Tokyo, London, and New York. Each of these regions has its own trading hours, which overlap to provide traders with a continuous market for trading currencies. The market opens on Sunday at 5:00 pm EST and closes on Friday at 5:00 pm EST.

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The Sydney session is the first to open, starting at 5:00 pm EST and closing at 2:00 am EST. This session is characterized by low volatility and liquidity as it is the least active of the four trading sessions. However, it is important to note that some of the major currency pairs, such as AUD/USD and NZD/USD, are heavily traded during this session.

The Tokyo session follows the Sydney session, opening at 7:00 pm EST and closing at 4:00 am EST. This session is also known as the Asian session and is characterized by moderate volatility and liquidity. The major currency pairs traded during this session include USD/JPY, EUR/JPY, and AUD/JPY.

The London session is the most active of the four trading sessions and is considered the center of the forex market. It opens at 3:00 am EST and closes at 12:00 pm EST. This session is characterized by high liquidity and volatility, and it is during this time that the most significant market movements occur. The major currency pairs traded during this session include EUR/USD, GBP/USD, and USD/CHF.

The New York session is the final session of the day, opening at 8:00 am EST and closing at 5:00 pm EST. This session overlaps with the London session for three hours, creating a period of high trading activity. The major currency pairs traded during this session include USD/CAD, EUR/USD, and GBP/USD.

It is important to note that trading hours may vary depending on daylight saving time. During daylight saving time, the trading hours may shift by an hour, and traders should adjust their schedules accordingly. Additionally, trading hours may be affected by public holidays in different regions. In such cases, trading volumes may be lower, and market movements may be less significant.

In conclusion, the forex market is open 24 hours a day, five days a week, and operates in four major time zones. The trading hours vary depending on the region and the type of currency being traded. Traders should be aware of the different trading sessions and adjust their schedules accordingly to take advantage of the most significant market movements.

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