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What time does the london session start forex?

Forex trading is a global activity that takes place 24 hours a day, five days a week. The London session is one of the most important sessions in the forex market, as London is the financial capital of Europe and a major hub for forex trading. So, what time does the London session start forex? Let’s explore in depth.

The London session starts at 8:00 AM GMT (Greenwich Mean Time), which is 3:00 AM EST (Eastern Standard Time) in the United States. It overlaps with the Asian session, which ends around 8:00 AM GMT, and the New York session, which starts at 1:00 PM GMT.

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The London session is known for its high liquidity and volatility, as it is the time when most European financial markets open. This means that there is a lot of trading activity during this session, making it an ideal time for traders to make profits.

One of the reasons why the London session is so important is because it accounts for about 30% of the total forex trading volume. This means that a significant amount of money is exchanged during this session, making it an attractive time for traders to enter the market.

The London session is also important because it is the time when most economic news releases from Europe are announced. These news releases can have a significant impact on the forex market, as they can affect the value of the Euro and other European currencies.

Traders who are looking to trade during the London session should be aware of the most important economic news releases and their expected impact on the market. Some of the most important economic indicators released during the London session include the European Central Bank (ECB) interest rate decision, the European Union (EU) GDP data, and the German ZEW Economic Sentiment Index.

Traders should also be aware of the trading hours of other financial markets during the London session. For example, the Frankfurt Stock Exchange opens at 9:00 AM GMT, which can affect the trading activity during the London session.

One of the advantages of trading during the London session is that it offers traders the opportunity to trade during the most active and volatile time of the day. This means that traders can potentially make more profits during this session compared to other less volatile sessions.

However, the London session can also be risky for traders who are not familiar with its characteristics. Traders should be aware of the risks associated with high volatility and should have a solid trading strategy in place before entering the market.

In conclusion, the London session is one of the most important sessions in the forex market, as it accounts for a significant portion of the total trading volume. It offers traders the opportunity to trade during the most active and volatile time of the day, but also comes with risks. Traders who are looking to trade during this session should be aware of the important economic news releases, trading hours of other financial markets, and have a solid trading strategy in place.

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