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When will forex open?

Forex or the foreign exchange market is the largest financial market in the world, where currencies are traded 24 hours a day, 5 days a week. It is a decentralized market, which means that it operates through a global network of banks, corporations, and individuals. Unlike other financial markets that have specific opening and closing times, forex is open around the clock. However, there are certain times when forex opens and closes, and this article will explain in detail when forex opens.

Forex trading starts on Sunday at 5 pm EST (Eastern Standard Time) and runs until Friday at 5 pm EST. This 24-hour currency trading is made possible because the forex market is comprised of four major trading sessions, namely the Sydney session, the Tokyo session, the London session, and the New York session. Each session has its own unique characteristics, and traders can take advantage of the different trading opportunities that arise during each session.

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The Sydney session is the first session to open, and it starts at 5 pm EST on Sunday. This session is relatively quiet compared to the other sessions, as it overlaps with the end of the New York session and the start of the Tokyo session. The Sydney session is followed by the Tokyo session, which opens at 7 pm EST on Sunday. This session is also known as the Asian session and is the most active session during the night.

The London session is the third session to open, and it starts at 3 am EST. This session is considered the most important session as it overlaps with both the Asian and the New York sessions. The London session is known for its high trading volume and volatility, making it an attractive trading session for traders.

Finally, the New York session is the last session to open, and it starts at 8 am EST. This session is also known as the North American session and is the most active session during the day. The New York session is known for its high liquidity and volatility, making it a popular trading session for traders.

It is important to note that different countries may have different time zones, and as a result, the opening and closing times of the forex market may vary. For example, the daylight saving time (DST) may affect the opening and closing times of the forex market in different countries. Traders should always check their local time zones and adjust their trading schedules accordingly.

In conclusion, the forex market is open 24 hours a day, 5 days a week, and operates through a global network of banks, corporations, and individuals. The market is divided into four major trading sessions, namely the Sydney session, the Tokyo session, the London session, and the New York session. Each session has its own unique characteristics, and traders can take advantage of the different trading opportunities that arise during each session. It is important for traders to check their local time zones and adjust their trading schedules accordingly.

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