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When does forex open in est?

Forex trading, also known as foreign exchange trading or currency trading, 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 average daily turnover of over $5 trillion. The forex market opens on Sunday at 5 pm EST and closes on Friday at 5 pm EST. However, there are several important trading sessions during the week that traders should be aware of.

The forex market is open for trading 24 hours a day, five days a week. This means that traders can participate in the market at any time of the day or night, from anywhere in the world. The market operates on a continuous basis, with trading sessions starting in Asia, moving to Europe, and then finally to the United States.

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The first trading session of the week starts on Sunday at 5 pm EST, when the markets in Sydney, Australia, open. This is followed by the markets in Tokyo, Japan, which open at 7 pm EST. The Asian trading session is known for its low volatility, with many traders using this time to analyze market data and prepare for the upcoming trading sessions.

The European trading session starts at 2 am EST, when the markets in London, England, open. This is the most active trading session of the day, with high volatility and significant price movements. The European trading session is also known for its high liquidity, as many financial institutions and hedge funds are located in London.

The final trading session of the day is the American trading session, which starts at 8 am EST. This session is characterized by high volatility, as many economic reports and news events are released during this time. The American trading session is also known for its high liquidity, as many large financial institutions and corporations are located in New York City.

While the forex market is open 24 hours a day, not all trading sessions are created equal. Traders should focus on the trading sessions with the highest volatility and liquidity, as this is when they are most likely to make profitable trades. The European and American trading sessions are the most active, and traders should aim to trade during these times.

In addition to the trading sessions, traders should also be aware of holidays and other events that may impact the forex market. For example, the market is closed on Christmas Day and New Year’s Day, which can impact trading volumes and liquidity. Traders should also be aware of economic reports and news events, such as interest rate decisions and employment reports, which can cause significant price movements in the market.

In conclusion, the forex market opens on Sunday at 5 pm EST and closes on Friday at 5 pm EST. However, there are several important trading sessions during the week that traders should be aware of, including the Asian, European, and American trading sessions. Traders should focus on the trading sessions with the highest volatility and liquidity, and be aware of holidays and other events that may impact the market. By staying informed and focused, traders can take advantage of the opportunities presented by the global forex market.

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