Forex trading is one of the most popular forms of trading in the world. It involves the buying and selling of currencies in the global market. As the forex market is open 24 hours a day, it is important to know when forex trading starts and ends in order to make informed trading decisions.
Forex trading starts on Sunday evening in the Asian markets and continues through to Friday evening in the New York market. This is due to the fact that the forex market is a global market, with different time zones operating simultaneously.
The forex market operates on a 24-hour basis, with trading sessions starting at 5 pm EST on Sunday and ending at 5 pm EST on Friday. This means that traders can trade at any time during the week, with the exception of weekends.
The forex market is divided into three main trading sessions: the Asian session, the European session, and the American session. Each session has its own unique characteristics, with different currencies being traded during each session.
The Asian session starts at 5 pm EST on Sunday and runs until 2 am EST on Monday. This session is dominated by the Japanese yen, as well as other currencies from the Asia-Pacific region such as the Australian dollar and the New Zealand dollar.
The European session starts at 2 am EST and runs until 11 am EST. This session is dominated by the euro, as well as other major currencies such as the British pound and the Swiss franc.
The American session starts at 8 am EST and runs until 5 pm EST. This session is dominated by the US dollar, as well as other major currencies such as the Canadian dollar and the Mexican peso.
It is important to note that these sessions overlap, meaning that there are periods of high trading activity when two sessions are open at the same time. For example, the European and American sessions overlap from 8 am EST to 11 am EST, which is a period of high trading activity.
When trading forex, it is important to be aware of the economic events and news releases that can impact currency prices. These events can occur at any time during the week, and traders need to be prepared to react quickly to any changes in the market.
In conclusion, forex trading starts on Sunday evening in the Asian markets and continues through to Friday evening in the New York market. The forex market operates on a 24-hour basis, with different trading sessions operating simultaneously. It is important for traders to be aware of the different trading sessions and economic events that can impact currency prices in order to make informed trading decisions.
