Learn market trading hours of the trading day
Forex market is open 24 hours / day, but it does not mean that markets always work all day. You can make money when the market is rising and even when markets fall. However, you will have a very hard time making money when the market is not volatile. This lesson will help you determine the best time of day to trade.
Now the market
Before you find out what is the best time, we have to look at 24 hours in the forex world looks like. Forex market can be divided into 04 main trading (trading session): Sydney session, the Tokyo session, London session and the New York session. Here are the opening hours / closing of the trading session.
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You can see that between each session there is a period of 02 sessions were all open. From 14:00 to 15:00 GMT both Tokyo and London are open from 20:00 to 23:00 GMT both London and New York are open. In essence, this is the time of the busiest market day trading because the number of transactions by more than 02 markets are both open. This makes sense because in this time, all participants in the market led to the actual purchase amount is more rotation. In the above session, the session was most interested at Sydney.
Now take a look at some average pip movement of the major exchange rates during each session:
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From the table above you can see the London session is usually the most volatile.
