Everything You Need to Know About the different Forex Trading Sessions
When it comes to forex trading, timing is very important. Put simply, right timing produces favorable results or higher profits. So, if you are a novice trader who has just entered the world of forex trading, then it is important for you to know the best times/hours for trading. Continue reading to learn more about different forex trading sessions.
Forex Trading Sessions-What You Need to Know?
As far as forex trading sessions are concerned, one can trade during the hot zone i.e. between 13:00 GMT as well as 16:00 GMT. It is during this time when there is an overlap between the London as well as the New York sessions. Two of the primary reasons why many traders choose to trade forex during these hours is because of both volatility and volume. The market witnesses a peak in the volatility and volume of the forex currencies during these very hours.
Different Trading Sessions
It must be noted that the Asian session commences at 22:00 GMT and ends at 08:00 GMT. It starts with Sydney opening at 22:00 GMT and later ends with Tokyo closing at 08:00 GMT. Almost 21% of all the transactions are conducted during this time.
Similarly, London Session begins at 08:00 and ends at 16:00 GMT. The financial centers in London witness huge volume i.e. more than 32percent during this time. Lastly, the New York session which commences at 13:00 GMT and ends at 21:00 GMT is another important forex trading session when almost 19percent of all the transactions are conducted by traders from across the globe.
