Forex trading sessions online
When working on the Forex exchange, you need to take into account not only technical analysis data, but also the trading time; it is of great importance which session you trade in.
Forex trading sessions have their own trend dynamics for each currency pair, so choosing the right trading instrument and trading time is already half the success.
In this article you will find a schedule of Forex trading sessions and some recommendations for trading them.
Schedule of Forex trading sessions and features of trading on them.
There are four main Forex trading sessions - Pacific, also known as Australian, Asian, European and American. The Forex market operates continuously 24 hours a day and 5 days a week. Often trading is carried out on several platforms at once; at this time, exchange rates are influenced by supply and demand from several exchanges at once.
For clarity of information, I also provide a work schedule.
The table shows the schedule of Forex trading sessions in several time formats, since time zones often do not coincide, which causes confusion among traders.
UTC/GMT time is Greenwich Mean Time, often denoted 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 indicates the schedule of forex trading sessions according to Moscow summer time, so in winter we add 1 hour.
You can also use the trading sessions indicator, which is installed in the trading platform, to improve your work efficiency - http://time-forex.com/indikators/indikator-torgovyh-sessiy
Asian – trading is carried out on the Tokyo site, at night and in the morning. The most popular currency pairs involving the Japanese yen are those that have the highest volatility .
For those who prefer calm trading, it is better, on the contrary, to use instruments without the participation of the yen, this way you will eliminate the influence of fundamental factors on the exchange rate.
Features of trading in the Asian session - http://time-forex.com/info/aziatskay-torgovay-sesiy the most common strategies using currency pairs
European - opening hours practically coincide with Moscow, so it is suitable for those who are not busy during the day at their main job.
The best option for trading is using a news strategy, since it is during this period that important news about events in Europe is published. And you can keep track of your news feed effortlessly.
Almost all working instruments EUR/USD, EURJPY, GBP/USD, EUR/GBP and other equally popular options are in demand.
How to trade during the European Forex session - http://time-forex.com/info/evropeyskay-sesiy-forex
American – evening and night time, one of the most aggressive trading sessions on Forex. Just like in Europe, almost all currencies are traded here, the US dollar occupies a special place; at this time it has the maximum liquidity, and therefore the lowest spread.
As a rule, during this period of time news comes from the United States that affects not only the stock market, but also the exchange rate of the American dollar.
Read about other nuances of the functioning of the American trading session - http://time-forex.com/info/amerikanskay-torgovay-sessiy
Australian is one of the calmest platforms, suitable for a novice trader; the most popular currency at this time is the Australian dollar. The only inconvenience of this option is the night trading time.
But if you like to trade early in the morning, then this is just your time, the market is quite good from 5:00 to 8:00 in the morning, especially if you use the euro/dollar pair.
Regardless of which Forex trading session you choose for trading, always monitor the release of important financial news for the selected trading instrument, and do not forget that any of the quotes consists of two currencies.
Therefore, you need to follow the news, both on the base and quoted currency .