There
are four trading sessions in the Forex market, at every working day
when the Forex markets are open: The Pacific trading session, the Asian
trading session, the London trading session and the New York trading
session.
London trading session
London
trading session starts about 8 A.M. GMT and ends down around 4 P.M.
GMT. The Forex currencies which are the most active during these times
are GBP, EUR and USD.
New York trading session
New
York trading session starts about 1 P.M. GMT and ends down about 10
P.M. GMT. The Forex currencies which are the most active during these
times are EUR, GBP,AUD, JPY, and USD.
Asian trading session
Asian
trading session very often is the quietest session of the Forex market.
All currencies move very slow and it’s not a very good time to
day-trade. The only real Forex currency in this period, which has
newsworthy activity, is the JPY and the activity is slow until the main
financial events happen.
Pacific trading session
Pacific
trading session begins when Australian and the New Zealand markets
open. This is one of the quietest sessions for Forex trading. Majority
of traders’ activity is focusing on the currencies: AUD, NZD, USD.
The
best times for Forex trading within Forex Market Hours, no matter of
your trading methods, are during the London and New York trading
sessions overlap. Forex market is full of very active participants
during these times and the Forex pairs are really moving. For the most
part, even the big fundamental news from the different parts of the
world comes out during these hours. Trading during these times is your
very good chance to receive in while the Forex market is making
important moves and it can be your best chance to score fast profits.
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