trading session – Forex trading time

Forex market is available for trading 24 hours a day (five and one-half days per week). It provides a great opportunity for traders to trade any time of the day or at night. Before looking at the best times to trade, we must look at what a 24-hour day in the forex world looks like.

Summer

Time Zone EDT GMT Sydney Open
Sydney Close 6:00 PM 3:00 AM 10:00 PM 7:00 AM Tokyo Open Tokyo Close 7:00 PM 4:00 AM 11:00 PM 8:00 AM London Open London Close 3:00 AM 12:00 PM 8:00 AM 5:00 PM New York Open New York Close 8:00 AM 5:00 PM 12:00 PM 9:00 PM

Winter

Time Zone EST GMT Sydney Open
Sydney Close 4:00 PM 1:00 AM 9:00 PM 6:00 AM Tokyo Open Tokyo Close 6:00 PM 3:00 AM 11:00 PM 8:00 AM London Open London Close 3:00 AM 12:00 PM 7:00 AM 4:00 PM New York Open New York Close 8:00 AM 5:00 PM 1:00 PM 10:00 PM

You can see that in between each session, there is a period of time where two sessions are open at the same time. From 3:00-4:00 am EDT, the Tokyo session and London session overlap, and from 8:00-12:00 am EDT, the London session and the New York session overlap.

Average pip movement of the major currency pairs during each trading session.

Pair Tokyo London New York EUR/USD 76 114 92 GBP/USD 92 127 99 USD/JPY 51 66 59 AUD/USD 77 83 81 NZD/USD 62 72 70 USD/CAD 57 96 96 USD/CHF 67 102 83 EUR/JPY 102 129 107 GBP/JPY 118 151 132 AUD/JPY 98 107 103 EUR/GBP 78 61 47 EUR/CHF 79 109 84

From the table, you will see that the European session normally provides the most movement. Trading volume and volatility change for different currency pairs depend on the movement of the clock hands. You can trade more effectively, if you know which currency pairs are in the spotlight at any given time. Timing plays big role in currency trading.

Credit:

Image http://www.stocktime.ru/en/index.html

table: http://www.babypips.com/school/trading-sessions.html

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