New trading day times

What time does a trading day end and the new day start? I have been getting a lot of conflicting answers. In OANDA practice account the time seems to be 12AM-12AM EST. But other people say its 5PM-5PM EST. And some other conflicting stories. I hope someone would give me the right answer.

There isn't really a "right" answer as the FX market is always open somewhere in the world for about 120 straight hours each week.

However, since 120 hours is five 24-hour periods, I think of a "natural day" in FOREX as beginning when the Asian markets open each Monday morning (for them; Sunday night for the USA). 24 hours after the Asian open each day, New York closes and a new Asian session begins.

I use Oanda too, and even though I am in USA CST, I have my time in Oanda set to GMT+2 so that midnight to midnight on my platform corresponds to when NY closes and Asia opens each day.

Depends on the broker, I use 8pm eastern as the start/stop of the day.

5pm EST, when rollover occurs. Some brokers use random times, but the institutional side is 5pm EST.

Asian Session (7PM-4AM): 51
European Session (2AM-12PM): 87
US Session (8AM-5PM): 78
Europe (3AM-12PM): 84
US Europe Overlap (8AM-12PM): 65
Europe-Asian Overlap (2AM-4AM): 32

The best time to trade is when New York and European markets are open. That’s about 3am to 8am.

I prefer to trade during banking hours.
The majority of the trading volume enters the market during these hours.
Most breakouts and breakdowns also occur during these banking hours.
So I try to look at these points.

The time doesn’t really matter, but from what I am seeing there isn’t much moment today, it’s what they call a channel day, little moment. So if you are hoping for a lot of moment I don’t think there will be but then again I am a beginner and could be wrong.

Which banking hours? There are banks in Japan, Germany, England... and I think a few are left in the U.S., but that could change over the weekend