Ruth asks…
Regarding Forex Market Hours?
Everyone talks about how the Forex market is open 24-hours, but then what are these "sessions" about? For instance, the New York "session" is only open from 8:00 am to 5:00 pm EST.
Does that mean that you can only enter/exit a trade with a currency pair involving USD during THOSE hours? What I mean is, can you buy/sell EUR/USD or USD/EUR at ANY time during the day, or only when the New York and London sessions are BOTH open?
David Harvey answers:
The sessions have to do with times when markets are especially active. New York session covers typical work day on East Coast. This is when economic numbers are released, trading
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