The foreign exchange market, or forex, is the largest financial market in the world. It operates 24 hours a day, five days a week, and spans across different time zones around the world. It is open for trading from Sunday evening in the United States to Friday evening. However, the question remains: when does the Friday forex market start?
The forex market operates on a 24-hour basis, with trading starting in Asia and continuing through Europe and ending in the United States. The market opens for trading at 5 pm EST on Sunday and closes at 5 pm EST on Friday. While the market is open all week, it is important to note that not all currencies are available for trading at all times.
The forex market is divided into five major trading sessions, which are the Sydney session, Tokyo session, London session, New York session, and the last session of the week, which is the Friday session. The Friday session is the last trading session of the week, and it is usually characterized by low trading volumes, as traders take positions ahead of the weekend.
The Friday forex market starts at the same time as the other trading sessions, which is at 5 pm EST on Friday. However, traders should be aware that the market may start to slow down and become less active as the trading day progresses. This is because traders tend to close their positions and take profits ahead of the weekend, which can cause a decrease in liquidity and volatility.
It is important to note that while the forex market is open 24 hours a day, not all currencies are available for trading at all times. The trading hours for each currency pair depend on the trading hours of the countries that the currencies are from. For example, the trading hours for the EUR/USD currency pair depend on the trading hours of the European Central Bank and the Federal Reserve Bank of New York.
The forex market operates on a global scale, and traders need to be aware of the different time zones around the world. For example, if a trader in New York wants to trade the AUD/USD currency pair, they need to be aware that the Sydney session is the best time to trade this pair, as this is when the Australian dollar is most active.
In conclusion, the Friday forex market starts at 5 pm EST, the same time as the other trading sessions. However, traders should be aware that the market may become less active as the trading day progresses, as traders close their positions and take profits ahead of the weekend. It is important for traders to be aware of the trading hours for each currency pair, as these vary depending on the trading hours of the countries that the currencies are from. Finally, traders should also be aware of the different time zones around the world, as this can affect the best time to trade certain currency pairs.
