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When does forex open on sunday?

Forex, also known as foreign exchange, is the largest financial market in the world. It involves the buying and selling of currencies from different countries, with the aim of making a profit from the difference in exchange rates. The forex market operates 24 hours a day, five days a week, with the exception of weekends. This means that traders can buy and sell currencies at any time of the day or night, except on weekends when the market is closed. But when exactly does forex open on Sunday?

The forex market is open 24 hours a day, five days a week, from Sunday at 5:00 PM EST (10:00 PM GMT) to Friday at 5:00 PM EST (10:00 PM GMT). However, this does not mean that the market is open for trading throughout this entire period. In fact, there are certain times during the week when the market is more active and therefore more conducive to profitable trading.

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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 own unique characteristics and trading opportunities, and traders often adjust their strategies to take advantage of these differences.

The Sydney session is the first session of the trading week, and it begins at 5:00 PM EST (10:00 PM GMT) on Sunday. This session is relatively quiet compared to the other sessions, as it overlaps with the end of the Asian trading day and the beginning of the European trading day. The major currency pairs that are traded during this session include the AUD/USD, NZD/USD, and USD/JPY.

The Tokyo session begins at 7:00 PM EST (12:00 AM GMT) on Sunday, and it is the second session of the trading week. This session is more active than the Sydney session, as it overlaps with the end of the European trading day and the beginning of the North American trading day. The major currency pairs that are traded during this session include the USD/JPY, EUR/JPY, and GBP/JPY.

The London session is the most active session of the trading day, and it begins at 3:00 AM EST (8:00 AM GMT) on Monday. This session overlaps with the end of the Asian trading day and the beginning of the North American trading day, and it accounts for the majority of the trading volume in the forex market. The major currency pairs that are traded during this session include the EUR/USD, GBP/USD, and USD/CHF.

The New York session is the final session of the trading day, and it begins at 8:00 AM EST (1:00 PM GMT) on Monday. This session overlaps with the end of the European trading day and the beginning of the Asian trading day. The major currency pairs that are traded during this session include the USD/CAD, AUD/USD, and NZD/USD.

It is important to note that the trading hours for each session may vary depending on the time of year, as different countries observe daylight saving time at different times. Additionally, there may be times when the forex market is closed for public holidays, such as Christmas Day and New Year’s Day.

In conclusion, the forex market is open 24 hours a day, five days a week, from Sunday at 5:00 PM EST (10:00 PM GMT) to Friday at 5:00 PM EST (10:00 PM GMT). However, the market is more active during certain trading sessions, such as the London session, which accounts for the majority of the trading volume in the forex market. Traders should be aware of the trading hours for each session and adjust their strategies accordingly to take advantage of the opportunities presented by each session.

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