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For day traders the most productive hours are between the opening of the London markets at 08:00 GMT and the closing of the US markets at 22:00 GMT. The peak time for trading is when the US and London markets overlap between 1 pm GMT â 4 pm GMT. The main sessions of the day are the London, US and Asian markets.
The forex market is the largest financial market in the world, trading around $1.5 trillion each day. Trading in the forex is not done at one central location but is conducted between participants through electronic communication networks (ECNs) and phone networks in various markets around the world.The market is open 24 hours a day from 5pm EST on Sunday until 4pm EST Friday.The reason that the markets are open 24 hours a day is that currencies are in high demand.The international scope of currency trading means that there are always traders somewhere who are making and meeting demands for a particular currency.he market is open 24 hours a day from 5pm EST on Sunday until 4pm EST Friday.