Hello Trader, Hope all of you doing well, Today it’s the 3rd lesson of ” learn forex Trading with guriforex” on Forex market open hours and Trading sessions. In the first lesson we learned what is Forex and how it works, in lesson 2 we learned the basis of the advantages and risks of Forex trading, and in the incoming lesson, we will learn how to manage them. So let’s start.
When does the forex market open? (Market working hours)
The Forex market is a decentralized market that operates through a network of banks, brokers, and financial institutions. It is open 24 hours a day, five days a week, from 22:00 GMT on Sunday (Sydney opening) until 22:00 GMT on Friday (New York closing). However, it is closed on weekends.
Trading sessions of Forex Market
The Forex market can be divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each session has its own unique characteristics and most active currencies.
Sydney Trading sessions
The Sydney trading session opens at 22:00 GMT on Sunday and closes at 22:00 GMT on Friday. During this session, the Australian dollar, New Zealand dollar, and the Japanese yen are the most active currencies.
Tokyo Trading sessions
The Tokyo trading session starts at 00:00 GMT and closes at 09:00 GMT. During this session, the Japanese yen, Australian dollar, and the New Zealand dollar are the most active currencies.
London Trading sessions
The London trading session starts at 08:00 GMT and closes at 17:00 GMT. During this session, the British pound, the Euro, and the US dollar are the most active currencies.
New York Trading sessions
The New York trading session starts at 13:00 GMT and closes at 22:00 GMT. During this session, the US dollar, the British pound, and the Euro are the most active currencies.
Import note
It is important to note that the Forex market is affected by various economic, political, and social factors, and these factors can influence the demand for and supply of different currencies. As a result, the Forex market is constantly changing, and traders need to be aware of these changes in order to make informed trading decisions.
Summary
In summary, the Forex market offers traders the opportunity to buy and sell currencies at any time, but it is important to understand the characteristics of each trading session and to be aware of the factors that can affect the market. This knowledge will help traders make informed trading decisions and navigate the market successfully.
