The Forex Market is open 24 Hours a Day from Sunday to Friday

The Forex market is open 24 hours a day and and opens from 5pm EST on Sunday and closes at 4pm ESTon Friday. Because it is closed on saturday the first time the market gets to respond to any events that took place after the market closed on Friday is the opening on Sunday. Based on the events and news that took place over the weekend, prices may be trading at one level at the close of the week, and trading at another level at the start of a new week. As a result, it is rather normal for prices to be lower or higher at the beginning of a new Currency Trading week.

The market hours for all the major financial markets are:

(time is expressed in U.S. Eastern Standard Time)

London – 3:00am to 12:00 noon (EST)

Tokyo – 7:00pm to 4:00am (EST)

Sydney – 5:00pm to 2:00am (EST)

New York – 8:00am to 5:00pm (EST)

All around the world, the Forex Market is open for 24 hours per day; however, this does not mean that you should engage in trading in every session and every hour of each session. Keep in mind that every market session will have its own volatility and personality.

Generally, the market’s volatility is at its highest during the first hour of every Forex currency trading session, and this is because this is the time that the market responds to any announcements and reports that were released, or to the former trading session. It is recommended that you be very cautious during these times as a choppy market can often be unpredictable.

The overlap between the U.S. and London Forex currency trading sessions is thought to be one of the best times for traders to begin trading. This is generally between the times of 8:00am and 12:00 noon (EST). This is the time when the market is most active, and it is also the time when currency trading volume and liquidity are very high. Some of the most important price movements occur during this period.

3_Forex_Trading_BuzzThe market generally quiets down during the U.S. session, just after the London session has closed. This may result in difficult currency trading conditions, due to the fact that there is a reduction in liquidity which will result in exaggerated and erratic price movements.

Different to other markets, forex traders have the opportunity to earn profits and trade at any hour of the day. Due to the fact that every currency trading session is different, you should always start with a demo account or risk a very small amount of your funds  in order to get a feel of the personality of each market session.

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