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When does the forex market open on monday?

The forex market, also known as the foreign exchange market, is a global decentralized market where the buying and selling of currencies take place. Unlike stocks and commodities, the forex market is open 24 hours a day, five days a week. It is also the largest financial market in the world, with a daily trading volume of over $5 trillion.

The forex market operates in different time zones, which means that it opens and closes at different times depending on the location. The market opens on Sunday at 5:00 pm EST (10:00 pm GMT) and closes on Friday at 5:00 pm EST (10:00 pm GMT). This means that the forex market is closed for trading on weekends.

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However, the forex market can be affected by public holidays and special events in different countries, which may impact its opening and closing times. For example, during the Christmas and New Year holidays, the market may close earlier than usual and reopen later than usual.

In general, the forex market opens on Monday at 5:00 pm EST (10:00 pm GMT) in Sydney, Australia. This is because Sydney is one of the major financial centers in the world, and it is the first to open on Monday morning. The market then moves to Tokyo, Japan, at 7:00 pm EST (12:00 am GMT) before moving to other financial centers in Asia, such as Hong Kong and Singapore.

The European forex market then opens at 2:00 am EST (7:00 am GMT) in Frankfurt, Germany, and the London forex market opens at 3:00 am EST (8:00 am GMT). These two markets are the most active in the world, accounting for over 50% of the daily trading volume.

The New York forex market opens at 8:00 am EST (1:00 pm GMT), which is the start of the North American trading session. This is the second most active session after the European session.

It is important to note that the forex market is open 24 hours a day, but not all trading sessions are equally active. The most active trading sessions are the European and North American sessions, which overlap from 8:00 am to 12:00 pm EST (1:00 pm to 5:00 pm GMT). During this time, there is a high trading volume, which creates more opportunities for traders to make profits.

In conclusion, the forex market opens on Monday at 5:00 pm EST (10:00 pm GMT) in Sydney, Australia, and moves to other financial centers in Asia, Europe, and North America. The market remains open 24 hours a day, five days a week, but the most active trading sessions are the European and North American sessions, which overlap from 8:00 am to 12:00 pm EST (1:00 pm to 5:00 pm GMT). It is important for traders to be aware of the opening and closing times of the forex market to maximize their trading opportunities.

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