Online Forex trading sessions
When trading on the Forex exchange, you need to consider not only technical analysis data, but also trading time. The session you trade in is of great importance.
Forex trading sessions have their own trend dynamics for each currency pair, so choosing the right trading instrument and trading time is half the battle.
In this article, you will find the schedule of forex trading sessions and some recommendations for trading them.
Forex trading session schedule and trading features.
There are four main Forex trading sessions: the Pacific (also known as the Australian), Asian, European, and American. The Forex market operates continuously, 24 hours a day, 5 days a week. Trading is often conducted on multiple platforms simultaneously, with exchange rates influenced by supply and demand from multiple exchanges.
For clarity of information, I also provide the work schedule.
The table shows the Forex trading session schedule in several time formats, as time zones often don't match, causing confusion among traders.
UTC/GMT is Greenwich Mean Time, often referred to as UTC +0; if your time zone does not match, you need to add the required number.
EET - Eastern European Time
Moscow Summer Time - the third column shows the Forex trading session schedule according to Moscow Summer Time, so in winter we add 1 hour.
You can also use the trading sessions indicator installed in the trading platform to improve your efficiency - http://time-forex.com/indikators/indikator-torgovyh-sessiy
Asian – trading takes place on the Tokyo market, at night and in the morning. The most popular currency pairs involve the Japanese yen, as they have the highest volatility .
For those who prefer a more relaxed approach to trading, it's better to use instruments that don't involve the yen, as this will eliminate the influence of fundamental factors on the exchange rate.
Features of trading during the Asian session - http://time-forex.com/info/aziatskay-torgovay-sesiy the most common strategies using currency pairs
European – working hours are almost the same as Moscow, so it’s suitable for those who are not busy with their main job during the day.
This is the best option for trading using a news strategy, as this is when important news about events in Europe is released. You can easily follow the news feed.
Almost all working instruments are in demand: EUR/USD, EURJPY, GBP/USD, EUR/GBP and other equally popular options.
How to trade during the European Forex session - http://time-forex.com/info/evropeyskay-sesiy-forex
American – evening and nighttime hours, one of the most aggressive forex trading sessions. Just like in Europe, almost all currencies are traded here, with the US dollar holding a special place, as it enjoys maximum liquidity and, therefore, the lowest spreads.
As a rule, during this period of time, news comes from the US that affects not only the stock market, but also the exchange rate of the US dollar.
For more details on the functioning of the American trading session, see: http://time-forex.com/info/amerikanskay-torgovay-sessiy
The Australian exchange is one of the quietest platforms, suitable for beginner traders. The most popular currency at this time is the Australian dollar. The only drawback of this option is the night trading hours.
But if you like to trade early in the morning, then this is just your time, a pretty good market from 5:00 to 8:00 in the morning, especially if you use the EUR/USD pair.
Regardless of which Forex trading session you choose, always monitor the release of important financial news for your chosen trading instrument. Remember that any quote consists of two currencies.
Therefore, it is necessary to follow the news on both the base and quoted currencies .
