The London Session.
The forex market can be broken up into four major trading sessions: the Sydney session, the Tokyo session, the London session, and Pipcrawler’s favorite time to trade, the New York session. Below are tables of the open and close times for each session. We have made it easy for everyone to monitor Forex trading hours sessions while being anywhere in the world: Download Free Forex Market Hours Monitor v (KB) Last update: October 5, This is a simple program aligned to Eastern Standard Time.
It's obvious from the black and white chart below that most of the activity and market participation is in the main trading session times on the right. These are the best forex trading times for trade entries, in the main session. If you live in a different time zone around the world just take this same logic and apply it to your time zone, you need to know when the New York Stock Exchange opens in your time zone. In some cases EUR, GBP and CHF news drivers occur just ahead of the main session and these news items on the economic news calendar are also just fine for possible trading.
In the main forex sessions there is much higher market participation and all major markets are trading at the same time, so movements are much stronger day after day. Trade volumes and liquidity are much higher when compared to the Asian market times. Sustainable trade entries may occur every day 5 days per week. Entering fresh movements that start in the main forex sessions after a consolidation will ensure a high level of success.
If a pair has been moving for several hours before you see it do not trade it please use common sense. In the main session trade entry signals can occur on any of the 8 major currency groups, also look for supplemental trades in the main trading times on pairs where there are no plans or setups. A sustainable entry is defined as a movement that is 75 to pips or more, and gives you the freedom to close out some lots and manage your money well while riding the remaining lots if the pair is trending.
Or you could close out the trade completely if you are in a non-trending or choppy market. Remember that we are talking about the window of time for most entries, exit points or profit taking points occur later after the US stock market opens..
Pips are possible on 28 currency pairs daily trading this way. These news items denoted in red can also produce a lot of movement in the main trading times. This calendar and other calendars like this are free. A good sustainable entry in the Asian market times occurs roughly once per days, the rest of the time you are just scalping and at Forexearlywarning. All foreign exchange traders need to learn to trade the main trading times first.
The results will be good sustainable entries and well over pip moves that occur regularly in the main session. New currency traders do not know this, so newbies just do not try this at all.
Most newbies don't even know when the Asian markets open. Veteran traders who have strong expertise in multiple time frame analysis will recognize these opportunities when they occur. Remember, we analyze the market daily using multiple time frame analysis. New traders need to avoid the Asian session completely, then after about one year of successful entries in the main session, trading in the Asian session will bring you additional pips.
New York and London: At those overlapping trading hours you'll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market. What about your Forex broker? Your broker will offer a trading platform wih a certain time frame the time frame will depend on the country where broker operates.
If you haven't chosen a Forex broker yet, we recommend Forex brokers comparison to aid your search. We have made it easy for everyone to monitor Forex trading hours sessions while being anywhere in the world: During this time the market is pretty inactive with only the occasional fluctuations in price. The Asian session really fires up when the Tokyo exchange comes online about 3 hours after the Sydney open. Trading during the Asian session is usually uneventful and can be quite boring, but in our advanced Price Action course we do show you how the Asian session movements can be used to forecast price movements in the busier later sessions.
Since the Asian economies are most active during the Asian session, financial news releases can be the main drivers for any action in this normally quiet period. Remember important economic announcements like interest rates and employment figures are released for all the Asian economies during the Asian session.
London is considered to be the Forex capital of the world because of its strategic location, and the fact that most Forex accounts are located in London.
The London Forex trading session experiences the largest amount of trading volume out of all the sessions. This is when volatility and liquidity is at their highest, these are also the periods when the broker spreads the cheapest. London is when the big players step into the market and you see trends start to develop on the charts as the large transaction start to flow in. America is the next country that the sun reaches. One more important thing to note about the New York session is about 1 hour after its open; the Chicago Mercantile Exchange opens, which deals with all currency and commodity futures.
Official business hours in London run between 7:
New currency traders do not know this, so newbies just do not try this at all. European Session London 7 a.