Only when participants played the Asian forex market participant status, the European market began its session.
In some financial centers in Europe, then London is the place where market participants the most attention. Historically, London has always been a commercial center due to its strategic location. It is considered the capital of the world forex traders with thousands of transactions per minute. Approximately 30% of all forex transactions are carried out in the London session.
Below is a table of the pair pip margin rates in the London session:
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Here is some information to note about the European trading session:
(1) Due to the London session delivered with 2 other major trading and financial center of London is important to have a large amount of forex trading is done in this phase. So high liquidity and low transaction costs.
(3) Due to the large amount of transactions should be done in London trading session is usually the most volatile.
(4) Most sessions tend to begin in London and will continue until the start of New York.
(5) The variability tends to halt at midday London by traders usually stay out for lunch in New York before starting forward.
(6) trend may sometimes reversed in late trading in London by European traders may decide to take profits.
So the pair traded in the London session yet?
Due to the huge volume of transactions, very high liquidity in the London session, virtually any pair of rates can always be traded.
Of course it is best to choose the exchange rate as the pair EUR / USD, GBP / USD, USD / JPY, and USD / CHF exchange rate because couples usually have the lowest spread. In addition, the pair often directly influenced by economic news reports published in the European session.
You can also try trading the JPY pairs cross rates (especially EUR / JPY and GBP / JPY) by taking the pair volatile at this point. So here is the pair of cross rates can be spread a little wider.