We’ve highlighted 3 such Forex trading strategies by session below. The Asian Session. Thanks to their low volatility, the Sydney and Tokyo sessions are often combined under the one banner and referred to as the Asian session. The Asian session runs from 21:00 UTC to 8:00 UTC and is the first trading session of any new weekly candle. If you are trying to analyse the best time to trade Forex currency pairs, it is paramount to understand these different sessions and which currencies or markets are most liquid during those business hours, within a relevant Forex session. The Forex Trading Sessions. The international currency market is not actually dominated by a single market exchange, but instead, entails a global network of exchanges and brokers throughout the world. Forex trading hours are based on when trading is open Forex trading hours, Forex trading time: New York opens at 8:00 am to 5:00 pm EST (EDT) Tokyo opens at 7:00 pm to 4:00 am EST (EDT) Sydney opens at 5:00 pm to 2:00 am EST (EDT) London opens at 3:00 am to 12:00 noon EST (EDT) And so, there are hours when two sessions overlap: New York and London: between 8:00 am — 12:00 noon EST (EDT) This is known as the “forex 3-session system“. These sessions consist of the Asian, European, and North American sessions, which are also called Tokyo, London, and New York sessions. Some traders prefer to differentiate sessions by names of the continent, other traders prefer to use the names of the cities. This is one indicator including the New York Session, Australia Session, Asian Session, Europe Session. IMPORTANT - This template is set up based on East Coast (NY Time). Currently you have to go in to code to change times. Link in 1st Post to VIDEO walking you through the steps. Specific details in 1st Post. A trading session is a period when banks and other market participants trade actively. The forex market works round the clock from Monday to Friday. When night falls in one part of the globe and the local market shifts into a sleeping mode, the sun rises in the other part of the planet, and trades start there. The Forex Trading Sessions. One of the advantages of the Forex market is that it’s open 24 hours over the 5 day working week. This gives traders the freedom to place trades whenever they like and have a break over the weekend. However, liquidity and market movement is not consistent through the whole 24 hour period. Best Forex trading sessions. Tokyo Trading Session lasts between 7:00 PM – 4:00 AM EST. Tokyo is the first market to open. London Trading Session lasts from 3:00 AM EST to 12:00 PM EST. Traders should remember that London is the largest and most important trading center in the world and it is more volatile than the other two sessions.
[index]