The forex market is a global market that operates 24 hours a day, five days a week. It is the largest financial market in the world, with an estimated daily turnover of over $5 trillion. The forex market is decentralized, which means that it is not controlled by any single entity, such as a government or a central bank. Instead, it is made up of a network of interconnected banks, financial institutions, and individual traders who buy and sell currencies.
On Wednesday, November 25, 2015, the forex market will operate on its usual schedule. The market will open at 5:00 pm EST on Tuesday, November 24, and will close at 5:00 pm EST on Wednesday, November 25. This means that the market will be open for a total of 24 hours on November 25.
However, it is important to note that not all currency pairs will be available for trading during this time. The forex market is divided into three major trading sessions: the Asian session, the European session, and the North American session. Each session has its own unique characteristics, and different currency pairs are more actively traded during different sessions.
The Asian session starts at 7:00 pm EST on Sunday and ends at 4:00 am EST on Monday. During this session, the Japanese yen (JPY) and the Australian dollar (AUD) are the most actively traded currencies.
The European session starts at 3:00 am EST and ends at 12:00 pm EST. This session is the most active session, and the euro (EUR), the British pound (GBP), and the Swiss franc (CHF) are the most actively traded currencies.
The North American session starts at 8:00 am EST and ends at 5:00 pm EST. During this session, the US dollar (USD) and the Canadian dollar (CAD) are the most actively traded currencies.
It is important to note that the forex market is affected by a variety of factors that can impact currency prices. These factors include economic data releases, geopolitical events, and central bank policy decisions. Traders need to stay informed about these factors and adjust their trading strategies accordingly.
In conclusion, the forex market is a 24-hour market that operates five days a week. On November 25, 2015, the market will open at 5:00 pm EST on Tuesday and close at 5:00 pm EST on Wednesday. Different currency pairs are more actively traded during different trading sessions, and traders need to stay informed about the factors that can impact currency prices.
