The forex market opens on Sunday evening at 5:00 PM Eastern Standard Time (EST). This marks the beginning of the trading week.
The first session to open is the Sydney session, followed by the Tokyo, London, and New York sessions.
The Sydney session opens at 5:00 PM EST on Sunday and closes at 2:00 AM EST on Monday.
The Tokyo session opens at 7:00 PM EST and closes at 4:00 AM EST.
The London session opens at 3:00 AM EST and closes at 12:00 PM EST.
1The New York session opens at 8:00 AM EST and closes at 5:00 PM EST.
Be aware of daylight saving time changes as they affect opening & closing times of the forex market in different countries. Not all countries observe daylight saving time, so the time differences may vary.
it's essential to keep in mind that liquidity may be lower during certain times, such as the late hours of the New York session and the early hours of the Asian sessions.
Some traders prefer to avoid trading during major news releases due to increased volatility and unpredictable market reactions.