Category: 3.When Can You Trade Forex?

The New York can actually be divided into three sessions: Most of the action happens during the morning session. Technically, the New York afternoon session doesn’t really end until 5pm EST, but trading activity typically dies when the U.S. stock market closes which is 4pm so it’s not really safe to trade beyond that time.

Right as European traders are getting back from their lunch breaks, the U.S. session begins at 8:00 am EST as traders start rolling into the office. Just like Asia and Europe, the U.S. session has one major financial center that the markets keep their eyes on.We’re talking of course, about the “City That Never Sleeps!…

Because of the volume of transactions that take place, there is so much liquidity during the European session that almost any pair can be traded. Of course, it may be best to stick with the majors (EUR/USD, GBP/USD, USD/JPY, and USD/CHF), as these normally have the tightest spreads. Also, it is these pairs that are normally directly influenced…

Just when Asian market participants are starting to close shop, their European counterparts are just beginning their day. While there are several financial centers all around Europe, it is London that market participants keep their eyes on. Historically, London has always been at a center of trade, thanks to its strategic location. Today, London benefits from its time zone.…

Since the Tokyo session is when news from Australia, New Zealand, and Japan comes out, this presents a good opportunity to trade news events. Also, there could be more movement in yen pairs as a lot of yen is changing hands as Japanese companies are conducting business. Take note that China is also an economic superpower,…

For traders living in Murica (“America”), the trading day actually begins on Sunday night at 5:00 pm EST (10:00 pm GMT). However, liquidity doesn’t really show up until Tokyo opens a few hours later. The opening of the Tokyo session at 12:00 am GMT marks the start of currency trading in Asia. You should take…

Also take notice that in between each forex trading session, there is a period of time where two sessions are open at the same time. For example, during the summer, from 3:00-4:00 AM ET, the Tokyo session and London session overlap And during both summer and winter from 8:00 AM-12:00 PM ET, the London session and the New York session overlap. Naturally, these are the busiest…

Before looking at the best times to trade, we must look at what a 24-hour day in the forex world looks like. The forex market can be broken up into four major trading sessions: the Sydney session, the Tokyo session, the London session, and Trump’s favorite time to tweet (before he was banned), the New York session. Historically, the…

Now that you know what forex is, why you should trade it, and who makes up the forex market, it’s about time you learned when you can trade. It’s time to learn about the different forex trading sessions. Yes, it is true that the forex market is open 24 hours a day, but that doesn’t mean it’s always active the entire day. You can make money trading…