Asian Forex session.

This time is the time when trading platforms such as Tokyo, Hong Kong and Singapore operate; recently, Australia is increasingly being included in the Asian trading session.

From the list of trading platforms, it immediately becomes clear which currencies are dominant at a given time - the Japanese yen, the Australian dollar, the Hong Kong dollar and, accordingly, the Singapore dollar.

The Asian Forex session starts at 03-00 Moscow time and ends at 13-00, while the end of the Asian trading floor overlaps with the European session, so if you want to trade exclusively in Asia, try to close transactions before 10-00 in the morning.

The morning hours are the time of dominance of the Japanese Yen; it is during this session that one should expect news on this currency, which means sharp changes in its exchange rate. It is the yen that is suitable for lovers of risky trading or news strategy .

At the same time, if you are a supporter of quiet trading, then it is in the morning hours that you can use currency pairs, which include European or American currencies, but exclude the yen, with low risk.

For example - CADCHF, EURCAD, EURGBP, EURUSD, USDCAD and other similar options, the secret lies in the fact that at this time government and banking institutions in Europe and America are not functioning, the exchange rates of these countries are more or less stable, and the trend maintains already established trends .

I myself have traded more than once and continue to trade EURUSD in the Asian Forex session, and thanks to the low spread on this currency pair, sometimes it is possible to use scalping , and the profitability of transactions is usually half as high as in other Forex sessions.

In addition, this particular session always begins a new week, so be extremely careful and correctly assess the moment of opening, whether a price gap (Gap) occurred over the weekend, and if it did, in what direction. This will help you avoid losses when closing a price gap.