The forex market is a 24-hour market that operates five days a week. It is the largest and most liquid financial market in the world, with an average daily turnover of over $5 trillion. The forex market is open for trading 24 hours a day, from Monday to Friday, and is closed on weekends.
The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each session has its unique characteristics and trading opportunities.
The Sydney trading session opens at 10:00 pm GMT and closes at 7:00 am GMT. It is the first trading session of the week and is considered the least volatile of all the trading sessions. The Sydney session is dominated by the Australian dollar, which is one of the major currencies traded during this session.
The Tokyo trading session opens at 12:00 am GMT and closes at 9:00 am GMT. It is the second trading session of the week and is considered the most volatile of all the trading sessions. The Tokyo session is dominated by the Japanese yen, which is one of the major currencies traded during this session.
The London trading session opens at 8:00 am GMT and closes at 5:00 pm GMT. It is the third trading session of the week and is considered the most important trading session. The London session is dominated by the euro, the British pound, and the Swiss franc, which are some of the major currencies traded during this session.
The New York trading session opens at 1:00 pm GMT and closes at 10:00 pm GMT. It is the fourth and final trading session of the week and is considered the second most important trading session after the London session. The New York session is dominated by the US dollar, which is one of the major currencies traded during this session.
It is important to note that the forex market is open 24 hours a day, but not all currency pairs are traded during all trading sessions. Some currency pairs are more active during certain trading sessions than others. For example, the AUD/USD pair is more active during the Sydney and Tokyo trading sessions, while the EUR/USD pair is more active during the London and New York trading sessions.
The forex market is open for trading 24 hours a day, from Monday to Friday, and is closed on weekends. However, it is important to note that not all trading sessions are created equal, and some sessions are more important and more volatile than others. Traders should be aware of the characteristics of each trading session and adjust their trading strategies accordingly.
