American trading session.

This trading time has long been one of the most dynamic; a special revival in the foreign exchange market is noted when the work of the European and American trading sessions intersects; it is at this time that the volume of transactions and, accordingly, the liquidity of working instruments soar.

The American trading session begins in the evening from 17-00 to 02-00 the next day, Moscow time, at first trading is carried out only on the New York trading floor, but after an hour Chicago also joins it.

The main currency here, as one would expect, is the US dollar, followed only slightly by the euro, followed by the Japanese yen, Canadian dollar and other currencies popular on Forex .

At first, the market is under equal pressure from both American and European financial institutions; after the European session , the situation may change dramatically.

This point is key and traders should not lose sight of it. The American session is quite dangerous, since it is during this period that the influence of large market makers is especially strong and pressure is often exerted on the dollar exchange rate.

Therefore, you should always be prepared for unexpected surprises. The misconception of some traders is that Forex trading slows down at night; we should not forget about the time difference.

The American Forex session works when it’s evening and night, and in the USA it’s a working day. Therefore, trading on the foreign exchange market not only does not slow down, but may even be more active. For active trading at this time, it is recommended to use currency pairs with US dollars, for calmer instruments that exclude the release of news on them (for example, AUDJPY, AUDCHF, EURGBP, EURJPY). The second option is also more acceptable for a novice trader.