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When does forex market open in east coast?

The foreign exchange market, also known as forex, is a decentralized market where currencies are traded globally. It is the largest and most liquid market in the world, with an average daily trading volume of over $5 trillion. Forex trading hours vary depending on the region and time zone. In this article, we will focus on when the forex market opens on the East Coast of the United States.

The East Coast of the United States is one of the busiest financial centers in the world. The region includes major financial hubs such as New York City, Boston, and Washington D.C. These cities are home to the largest financial institutions and trading firms, making them a central point for forex trading in the United States.

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Forex market hours are divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. These sessions overlap, providing traders with the opportunity to trade around the clock. The New York session is the most active trading session, and it is the session that traders in the East Coast focus on the most.

The forex market opens on Sunday at 5 pm EST and closes on Friday at 5 pm EST. However, trading hours vary depending on the trading session. The New York session opens at 8 am EST and closes at 5 pm EST. During this session, traders in the East Coast can trade with major currency pairs such as EUR/USD, USD/JPY, GBP/USD, and USD/CHF.

The New York session is the most active trading session, with over 30% of all forex transactions taking place during this time. The session overlaps with the London session, which is the second most active trading session, providing traders with increased liquidity and volatility.

The first hour of the New York session is known as the “power hour.” This is when traders in the East Coast are most active, and the market experiences the highest volatility. During this time, traders analyze economic data releases, news events, and market trends to make trading decisions.

After the “power hour,” the market tends to slow down, and volatility decreases. However, the market can still provide trading opportunities, and traders in the East Coast continue to analyze price charts and economic data to make informed trading decisions.

It is important to note that forex trading hours can be affected by holidays and daylight saving time. During holidays, trading volumes tend to decrease, and the market can be less volatile. Traders in the East Coast should also be aware of daylight saving time changes, as this can affect trading hours and market volatility.

In conclusion, the forex market opens on Sunday at 5 pm EST and closes on Friday at 5 pm EST. The New York session, which is the most active trading session, opens at 8 am EST and closes at 5 pm EST. Traders in the East Coast can trade with major currency pairs such as EUR/USD, USD/JPY, GBP/USD, and USD/CHF during this session. It is important to be aware of holidays and daylight saving time changes, as this can affect trading hours and market volatility.

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