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When does the forex market open today?

The forex market, also known as the foreign exchange market, is the largest and most liquid financial market in the world. It operates 24 hours a day, five days a week, allowing traders to buy, sell, and exchange currencies at any time. But when exactly does the forex market open today?

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 characteristics, and traders need to be aware of the opening and closing times of each session to optimize their trading strategies.

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The Sydney session opens at 10 PM GMT on Sunday and closes at 7 AM GMT on Monday. It is the first session to open for the week and is often considered the quietest session in terms of volatility and trading volume. However, it is important to note that the Sydney session can still provide opportunities for traders, especially those who specialize in trading the AUD and NZD currency pairs.

The Tokyo session opens at midnight GMT and closes at 9 AM GMT. It is often referred to as the Asian session, and it is the second busiest session after the London session. The Tokyo session is known for its high volatility, especially during news releases and economic events in Japan and other Asian countries. Traders who specialize in trading the JPY currency pairs often focus on this session.

The London session opens at 8 AM GMT and closes at 5 PM GMT. It is the busiest and most active session, accounting for more than 30% of the daily forex turnover. The London session offers the most significant trading opportunities, especially during the overlap with the New York session, which occurs from 12 PM GMT to 5 PM GMT. During this overlap, traders can take advantage of the high liquidity and volatility to make profitable trades.

The New York session opens at 1 PM GMT and closes at 10 PM GMT. It is the last session to close for the day and is often referred to as the North American session. The New York session is characterized by high volatility, especially during news releases and economic events in the US and Canada. Traders who specialize in trading the USD and CAD currency pairs often focus on this session.

It is important to note that the forex market operates 24 hours a day, but not all currency pairs are equally active throughout the day. Each currency pair has its own peak trading hours, which may differ from the trading hours of the sessions. For example, the EUR/USD currency pair is most active during the London and New York sessions, while the AUD/JPY currency pair is most active during the Tokyo session.

In conclusion, the forex market opens at different times depending on the trading session. Traders need to be aware of the opening and closing times of each session to optimize their trading strategies and take advantage of the opportunities offered by each session. It is also important to note that not all currency pairs are equally active throughout the day, and traders should focus on the currency pairs that are most active during their preferred trading hours.

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