The Forex market is open 24 hours a day, 5 days a week, allowing traders to trade at any time of the day or night. The Forex market closes on Friday at 5 pm EST and reopens on Sunday at 5 pm EST.
The Forex market is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.
The Forex market is open 24 hours a day, five days a week, except for holidays. This is because currencies are in high demand around the world at all times as people need to exchange currencies for international trade and business. The Forex market is open from 5pm EST on Sunday until 4pm EST on Friday.
The Forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. During these sessions, the most active currency pairs are traded. For example, during the London session, the EUR/USD and GBP/USD pairs are the most active. During the New York session, the USD/JPY and USD/CAD pairs are the most active.
The Forex market is highly liquid, meaning that it is easy to buy and sell currencies at any time. This is because there are many participants in the market, including banks, financial institutions, corporations, and individual traders. The liquidity of the Forex market allows traders to enter and exit positions quickly and easily.
In conclusion, the Forex market is a global decentralized or over-the-counter (OTC) market for the trading of currencies. It is open 24 hours a day, five days a week, except for holidays. The Forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. The Forex market is highly liquid, meaning that it is easy to buy and sell currencies at any time.