Major Forex Trading Sessions

Understanding the major Forex trading sessions is essential for traders to optimize their trading strategies. Each trading session has its unique characteristics. By knowing the characteristics of each session, traders can choose the most suitable times to trade based on their trading style and preferences. The major Forex trading sessions are the Tokyo, London, and New York sessions.

Asian session (Tokyo)

The Tokyo session of Forex, also known as the Asian session, is one of the major trading sessions in the global foreign exchange market. It opens at midnight GMT and accounts for around 20% of the total daily Forex trading volume. China, Australia, New Zealand, and Russia are included in the Asian session, which has its main trading center in Tokyo. Wellington, New Zealand is the first financial center to open after the weekend, with the Tokyo capital market opening at 2 AM EET (3 AM EEST). .

American (New York) session

The American session is dominated by the United States, with New York operating as the major financial center. Canada and South American countries are also present. There is a lot of liquidity during this session, you can trade almost any pair. The New York session for forex trading is known for its high liquidity and volatility, making it a popular time for traders to participate in the market. During this session, traders can take advantage of price movements influenced by economic data releases, news events, and trading activity from both European and North American markets.

European (London) session

European markets begin their day as Asian financial centers prepare to close. While the European session combines with both the Asian and American sessions, unpredictability and market liquidity typically grow, but spreads tend to be smaller during the London session. The most important economic news comes from the eurozone, the United Kingdom, and Switzerland.

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