European forex session.

It is the most beloved by traders from the CIS countries, this is due to the fact that its operating hours almost completely coincide with the working day in Russia, Ukraine and neighboring countries.

The European Forex session is a rather interesting time for trading, because most of the currencies popular on the foreign exchange market belong specifically to the countries of the euro zone.

Therefore, it is at this time that important news comes out that causes prices to rise and fall; on the one hand, this is an opportunity to make money, on the other, to quickly lose your deposit.

This session opens at 10-11 am Moscow time, depending on the time of year, and ends at 20-21.

It should be taken into account that first the European session intersects with the Asian one, and two hours before its closing with the American trading session. The main volumes of transactions at the European currency session are carried out in Euros, followed by the American dollar, British pound, Japanese yen and other currencies.

The most popular currency pairs are EURUSD, EURJPY, EURGBP, EURCHF. The correct choice of instrument again depends on which trading option you prefer - with high risk and high profitability or less risky with a small percentage of profitability.

For the first option, currency pairs are selected, which include the euro or other eurocurrencies (pound, Swiss franc, etc.), for the second, neutral instruments for which news release is practically excluded at the European Forex session, for example - AUDCAD, AUDJPY CADJPY.

Trading on the European market is quite difficult for a novice trader; it is better to start training on the Asian trading session , using the appropriate recommendations.