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When does forex market begin?

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, 5 days a week. This means that the forex market is always open, and traders can buy and sell currencies at any time of the day or night. However, there are certain times when the market is more active and volatile, and these are the best times to trade forex.

The forex market begins on Sunday at 5 pm EST (Eastern Standard Time) when the Sydney market opens. The Sydney market is the first to open, followed by the Tokyo market, which opens at 7 pm EST. The Tokyo market is the largest forex market in Asia and is followed by the London market, which opens at 3 am EST. The London market is the largest forex market in the world and accounts for almost 40% of all forex trading. Finally, the New York market opens at 8 am EST and is the last market to close on Friday at 5 pm EST.

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The forex market is open 24 hours a day, 5 days a week because it is a global market that operates in different time zones. This means that when one market closes, another market opens, and traders can continue to buy and sell currencies. The forex market operates continuously from Sunday at 5 pm EST to Friday at 5 pm EST, except for national holidays when the market is closed.

The forex market is divided into three main trading sessions: the Asian session, the European session, and the North American session. Each session has its own characteristics and trading opportunities.

The Asian session is the first to open and is generally quieter than the other sessions. This is because the major financial centers in Asia, such as Tokyo and Hong Kong, are still asleep, and trading activity is low. However, the Asian session can offer some good trading opportunities, especially when economic news is released from Australia, New Zealand, or Japan.

The European session is the most active session and offers the best trading opportunities. This is because the London market is the largest forex market in the world and is followed by other major financial centers such as Frankfurt, Paris, and Zurich. The European session is characterized by high volatility, especially when economic news is released from the Eurozone. The European session is also a good time to trade the GBP/USD and EUR/USD currency pairs, which are the most traded currency pairs in the forex market.

The North American session is the last session to open and is generally quieter than the European session. This is because the New York market is the second largest forex market in the world and is followed by other financial centers such as Chicago and Toronto. The North American session is characterized by high volatility, especially when economic news is released from the United States. The North American session is also a good time to trade the USD/CAD and USD/MXN currency pairs, which are highly correlated to the US economy.

In conclusion, the forex market begins on Sunday at 5 pm EST when the Sydney market opens and operates continuously until Friday at 5 pm EST. The forex market is divided into three main trading sessions: the Asian session, the European session, and the North American session. Each session has its own characteristics and trading opportunities, and traders should choose the best session for their trading strategy. The forex market is a global market that operates 24 hours a day, 5 days a week, and offers traders the opportunity to buy and sell currencies at any time of the day or night.

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