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When is forex open?

Forex, also known as foreign exchange, is the largest and most liquid financial market in the world. It operates 24 hours a day, five days a week, allowing traders to engage in currency trading at any time of the day or night. However, there are specific times when forex is considered open, and this article will delve into those times.

Forex Market Hours

The forex market operates 24 hours a day, five days a week, starting from Sunday 5:00 pm EST to Friday 5:00 pm EST. However, it is important to note that not all forex trading hours are created equal. There are certain times when trading is more active, and this is when traders tend to make the most profits.

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The forex market is divided into three main trading sessions: Asian, European, and American sessions. Each trading session has its own unique characteristics, and traders need to understand these to maximize their trading opportunities.

Asian Session

The Asian session starts at 9:00 pm EST and ends at 6:00 am EST. This session includes the markets of Tokyo, Hong Kong, and Singapore. The Asian session is often referred to as the quietest session because there is usually very little volatility and trading volume during this time. However, there are exceptions to this rule, particularly when there are economic announcements from China or Japan.

European Session

The European session begins at 2:00 am EST and ends at 11:00 am EST. This session includes the markets of London, Frankfurt, and Zurich. The European session is considered the most active trading session, as it overlaps with the Asian and American sessions. This is when most economic announcements are released, and traders tend to make the most profits during this time.

American Session

The American session starts at 8:00 am EST and ends at 5:00 pm EST. This session includes the markets of New York, Chicago, and Toronto. The American session is also an active trading session, as it overlaps with the European session. This is when most economic announcements from the United States and Canada are released, and traders tend to make the most profits during this time.

Weekend Trading

Forex trading is closed on weekends, meaning that traders cannot buy or sell currencies during this time. However, some brokers offer weekend trading, which allows traders to buy and sell currencies during the weekends. Weekend trading is usually limited to a few currency pairs and has lower trading volume and liquidity compared to regular trading sessions.

Conclusion

Forex trading is open 24 hours a day, five days a week, starting from Sunday 5:00 pm EST to Friday 5:00 pm EST. However, there are specific times when trading is more active, and this is when traders tend to make the most profits. The Asian session is the quietest trading session, while the European and American sessions are the most active. Traders need to understand these trading sessions’ characteristics to maximize their trading opportunities and profits.

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