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When does the forex open pst?

The forex market, also known as the foreign exchange market, is the largest financial market in the world. It operates 24 hours a day, five days a week, with no central marketplace. The forex market is open for trading in different time zones, and traders around the world can participate in the market at different times. In this article, we will discuss when the forex market opens in Pacific Standard Time (PST).

The forex market opens on Sunday at 5:00 pm EST (Eastern Standard Time) and closes on Friday at 5:00 pm EST. This means that the forex market is open for trading 24 hours a day from Sunday to Friday. However, the forex market operates in different time zones, and the opening and closing times vary depending on the time zone.

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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 opening and closing times, and traders should be aware of these times to take advantage of the market movements.

The Sydney session opens at 2:00 pm EST and closes at 11:00 pm EST. This session is the least volatile of all the trading sessions, and it is characterized by low trading volumes. The Tokyo session opens at 7:00 pm EST and closes at 4:00 am EST. This session is the second most active trading session, and it is characterized by high trading volumes.

The London session opens at 3:00 am EST and closes at 12:00 pm EST. This session is the most active trading session, and it is characterized by high trading volumes and volatility. The New York session opens at 8:00 am EST and closes at 5:00 pm EST. This session is the second most active trading session, and it is characterized by high trading volumes and volatility.

In Pacific Standard Time (PST), the forex market opens at 2:00 pm PST on Sunday and closes at 2:00 pm PST on Friday. This means that the forex market is open for trading 24 hours a day from Sunday to Friday in the Pacific Standard Time zone.

Traders in the Pacific Standard Time zone should be aware of the trading sessions and their opening and closing times to take advantage of the market movements. The Sydney session opens at 11:00 am PST and closes at 8:00 pm PST. The Tokyo session opens at 4:00 pm PST and closes at 1:00 am PST. The London session opens at 7:00 pm PST and closes at 4:00 am PST. The New York session opens at 9:00 pm PST and closes at 6:00 am PST.

Traders in the Pacific Standard Time zone should also be aware of the economic news releases and events that can affect the market. Economic news releases such as interest rate decisions, employment data, and GDP reports can cause volatility in the market. Traders should keep an eye on the economic calendar and adjust their trading strategies accordingly.

In conclusion, the forex market is open for trading 24 hours a day, five days a week, with no central marketplace. The market operates in different time zones, and traders around the world can participate in the market at different times. Traders in the Pacific Standard Time zone should be aware of the trading sessions and the economic news releases that can affect the market to take advantage of the market movements.

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