American trading session.

This trading time has long been one of the most dynamic, with particular activity on the currency market observed when the European and American trading sessions overlap. It is at this time that transaction volumes and, accordingly, the liquidity of trading instruments soar.

The American trading session begins in the evening, from 5:00 PM to 2:00 AM the following day Moscow time. Initially, trading is conducted only on the New York trading floor, but Chicago joins within an hour.

The main currency, as expected, is the US dollar, closely followed by the euro, followed by the Japanese yen, the Canadian dollar, and other popular forex currencies .

Initially, the market experiences equal pressure from both American and European financial institutions. After the European session , the situation can change dramatically. This is a key factor, and traders should keep it in mind.

The American session is quite dangerous, as it is during this period that the influence of large market makers is particularly strong, often putting pressure on the dollar exchange rate. Therefore, one should always be prepared for unexpected surprises.

Some traders misconception that forex trading slows down at night, but one should not forget the time difference. The American forex session operates during the evening and night in Russia, while it is a business day in the US. Therefore, forex trading not only does not slow down, but can actually be more active.

For active trading during this time, it is recommended to use currency pairs with the US dollar. For a more relaxed approach, use instruments that exclude news releases (for example, AUDJPY, AUDCHF, EURGBP, EURJPY). The latter option is also more suitable for a novice trader.