Which Forex Sessions Should I Trade?

The Forex market trading sessions starts Monday morning in New Zealand

 

The time translates to 5 pm Eastern Daylight Time ( ADT) in the USA on Sunday afternoon, alternatively – late Sunday evening (around 11.pm) for Europe. For Asia trading – it will be an early AM start.

Due to the Forex market being closed since late on Friday evening – economic events and news that has occurred over the weekend would have (with no doubt) had a fluctuating effect on prices such as the opening gaps that appear on USA stock markets. You will notice that spreads have probably increased greater at these opening times.

 

 

More Forex trading sessions below:

 

– Asia-Pacific

This Asia-Pacific session provides approximately 20 percent of total trading volume in the Forex market. Currencies that are traded in this particular session are: AUD, NZD and JPY.

– EU-London

This is quite a big session – consisting of at least 50 percent of the total trading volume, and including over 1 3rd of the total global volume conducted in London. While trading in this particular session you will notice that a lot of impact is a result of other the European countries – countries trading the euro. Also – news and events from the United Kingdom and Switzerland will start to shift currencies.

– North American

In the North American session an average total trading volume is around 20 percent of the daily total volume. There is a far more adequate amount of overlap between the EU session and the North American session, hence – trading volumes are likely to be more significant. During the early morning -, the USA economic data could shift the Forex market greatly – hence risk data generally happens during the early hours.

European financial centres wind down around mid-day in the United States, and this is when you will experience some extra flurries of activity as Forex traders from the European sessions are now closing out their positions. Also – worth mentioning – currencies such as the GBP/USD and the USD/CHF may experience increased volatility.

If you a struggling to do it alone on the Forex market – then you may wish to consider a forex managed accounts service on the web where you will receive all the support and advice you will need.


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