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When does us forex market open?

The forex market is the largest financial market in the world, with trillions of dollars being traded every day. The US forex market is one of the most active and important forex markets in the world. It is open 24 hours a day, 5 days a week, and offers traders a wide range of trading opportunities.

The US forex market is open from Sunday at 5:00 PM EST (10:00 PM GMT) until Friday at 5:00 PM EST (10:00 PM GMT). During this time, traders can buy and sell currencies from all over the world. The market is closed on Saturdays, Sundays, and on some national holidays.

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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. These sessions are based on the time zones of the countries where the major financial centers are located. The New York session is the most active and important session as it is the time when the US forex market is open.

The New York session starts at 8:00 AM EST (1:00 PM GMT) and ends at 5:00 PM EST (10:00 PM GMT). During this time, traders from all over the world trade currencies in the US forex market. The New York session is also the time when economic data and news releases from the US are announced, which can cause significant movements in the forex market.

Traders can take advantage of the volatility of the New York session by trading major currency pairs such as EUR/USD, GBP/USD, USD/JPY, and USD/CHF. These currency pairs are the most liquid and have the tightest spreads during the New York session. Traders can also trade other currency pairs such as AUD/USD and NZD/USD during the New York session as these currency pairs are also affected by the economic data and news releases from the US.

Traders should also be aware of the overlap between the New York session and the London session. The London session starts at 3:00 AM EST (8:00 AM GMT) and ends at 12:00 PM EST (5:00 PM GMT). The overlap between the New York and London sessions is the most volatile time in the forex market as traders from both sessions are active in the market. During this time, traders can take advantage of the increased volatility by trading currency pairs such as EUR/USD and GBP/USD.

Traders should also be aware of the economic calendar to know when important economic data and news releases are announced. Economic data such as GDP, inflation, and employment can cause significant movements in the forex market. Traders should also be aware of news releases such as central bank meetings, political events, and natural disasters as these can also affect the forex market.

In conclusion, the US forex market is open from Sunday at 5:00 PM EST (10:00 PM GMT) until Friday at 5:00 PM EST (10:00 PM GMT). The New York session is the most active and important session as it is the time when the US forex market is open. Traders can take advantage of the volatility of the New York session by trading major currency pairs such as EUR/USD, GBP/USD, USD/JPY, and USD/CHF. Traders should also be aware of the economic calendar and news releases to know when important economic data and news releases are announced.

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