The forex market, also known as the foreign exchange market, is the largest and most liquid market in the world. It is a decentralized market where currencies are traded 24 hours a day, five days a week. Unlike other financial markets, the forex market is open around the clock, except for weekends.
The forex market is open 24 hours a day, five days a week, starting from Sunday at 5 pm EST (10 pm GMT) and ending on Friday at 5 pm EST (10 pm GMT). This means that the forex market is open for trading 24 hours a day from Monday to Friday, except for weekends.
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 trading session has its own unique characteristics and trading hours, allowing traders to trade currencies at any time of the day or night.
The Sydney session starts at 5 pm EST (10 pm GMT) on Sunday and ends at 2 am EST (7 am GMT) on Monday. This session is relatively quiet compared to the other sessions, as there are fewer economic events and news releases during this time.
The Tokyo session starts at 7 pm EST (12 am GMT) on Sunday and ends at 4 am EST (9 am GMT) on Monday. This session is known as the Asian session and is considered to be the most volatile session, as it overlaps with the Sydney session and the European session.
The London session starts at 3 am EST (8 am GMT) and ends at 12 pm EST (5 pm GMT). This session is known as the European session and is considered to be the most active session, as it overlaps with the Tokyo session and the New York session.
The New York session starts at 8 am EST (1 pm GMT) and ends at 5 pm EST (10 pm GMT). This session is known as the American session and is considered to be the second most active session, as it overlaps with the London session.
It is important to note that the forex market does not close at the end of each trading session. Instead, it continues to trade around the clock, with liquidity shifting between the different sessions as traders in each region go home for the day.
The forex market is open for trading 24 hours a day, five days a week, allowing traders to trade currencies at any time of the day or night. However, it is important for traders to understand the characteristics and trading hours of each trading session, as this can affect their trading strategies and profitability. By knowing when each trading session starts and ends, traders can take advantage of the different market conditions and opportunities available throughout the day.
