The trade volumes here are large, so the trading activity is heightened. Mostly, sustainable trends on the market are formed during the European session.

Traders need to bear in mind this fact. Besides, false signals are frequent in this period, as the European dealers test the market, try to find the congestion of stop orders, and spot support and resistance levels. The beginning of the session is usually calm, and the price movements speed up at the opening of the London Stock Exchange.

The peak of activity is usually seen in early and late hours, while in the afternoon, traders take a short break. The price trends usually change at the end of the session. Experienced traders like the European session as it can provide ample opportunities for reaping hefty profits.

An ability to analyze a large amount of information and define the market tendencies promptly can yield generous gains. An outburst of trading activity is usually witnessed during the American trading session, involving huge sums and captivating the attention of millions of traders around the world.

It is the most aggressive, unpredictable, and potentially profitable trading session. Market participants largely focus on the release of the news that often causes mixed and chaotic currency movements. The price trends that are formed in the European session can either continue or reverse during the American session. Geographically, the American session covers not only the United States but also in Canada and Brazil. Traders pay special attention to USD and CAD currency pairs.

Besides, JPY pairs also become highly volatile in this period. There is one more essential aspect. It is no secret that the European banks are as influential as the American banks, so the first ones partially offset the importance of the latter.

Therefore, the highest volatility is observed when the European session closes, and the US banks get the ultimate power. The activity in the US market decreases by Friday evening. Traders usually fix their profits before the weekends that is followed by a pullback of the major trends.

Even if you could, why would you? Besides, sleep is an integral part of a healthy lifestyle! You need sleep to recharge and have energy so that you can do even the most mundane tasks like mowing the lawn, talking to your spouse, taking the dog for a walk, or organizing your stamp collection. Every trader should learn when to trade. Scratch that. Every trader should know when to trade and when not to trade. Knowing the optimal times, you should trade and the times when you should sit out and just play some Fortnite instead.

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The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. This time is the trading server time and is the standard time for the New York close price charts.

You can find this time in the top left hand side of the trading platform. What is important when trading Forex is that you are aware of when these times are, wherever you are in the world. The Asian Forex trading session categorically begins at the start of the business day in Wellington, New Zealand. This coincides with the pre-open trading time of the Australian Stock Exchange ASX in Sydney.

It ends at the close of the business day in Tokyo, Japan time. This is when the Tokyo Stock Exchange TSE closes. The European Forex trading session begins at the start of the business day in Frankfurt, German time.

This coincides with the opening time of the Deutsche Börse, which is the German Stock Exchange. It ends at the close of the business day in London, UK time. This is when the London Stock Exchange LSE closes. The US Forex trading session begins at the start of the business day in New York, US time. This coincides with the opening time of the New York Stock Exchange NYSE. It also ends at the end of the business day when the NYSE closes. If you have an Android smart phone, you can download this FX hours app.

It shows you when each Forex trading session opens and closes in terms of your local time. See the screen shot below. Here is something similar for iPhone users. It is because more participants are coming online and the number of transactions tends to increase.

This creates more supply and demand and pushes the price up or down. When trading sessions overlap, the market is more active, liquidity increases and the price becomes more volatile. You want to be capturing significant price trends to maximize your potential to profit. When the price trends and closes higher or lower for the day or week, it usually starts earlier in the trading session.

You also want to be able to get in and out of the market easily. So the best times of day to trade Forex is when it is highly liquid. Having said that, the Forex market is the most liquid market in the world.

You can buy or sell at any time. Spreads are usually tighter at these times too, which reduces your trading costs. This is another reason why these times are the best times of day to trade Forex. Since there are three main trading sessions, there are three times each day that are the best times to trade Forex. Each trading session is not necessarily and equally the best time to trade though. Also, this does not mean you should trade every day or at each of these times.

However, you will observe that these times often do provide the best times to trade. When you optimize your market timing and the entry and exit price, you can limit risk and maximize your potential to profit. The image below shows the best times of day to trade Forex during daylight saving time. You can convert these times to your local time or follow the time in the market watch window. Which means volatility will likely be higher or lower at certain times of the day and during each trading session.

Volumes, liquidity and volatility are also different between currency pairs. Some currency pairs are naturally more volatile than others. The most liquid and most volatile times to trade under normal market conditions is when the EU and US sessions overlap.

Spreads are tighter during these times and the price tends to trend better too. In my opinion, the best opportunities can be found at the beginning of the US session. The second best times of day to trade are at the beginning of the EU session and the London open.

The least liquid time is during the Asian session. The Asian session is also categorized by lower volatility and wider spreads. This is particularly the case shortly after the market rolls over. If you open a trade around this time, your transaction cost will likely be higher. In my opinion, the Asian session is the third best time of day to trade Forex. The market tends to consolidate and become range bound during this time.

Of course, this all depends on your trading style and strategy….. Now that you know when to look for the best trading opportunities, also consider what currencies to trade. Ideally, you would want to be following currencies that are active for the session. For example, during the Asian session, consider looking for trading opportunities in the AUD, NZD and JPY. These are the most active trading sessions so it will be.

You just might be able to get an optimal trade entry for this currency pair during the Asian session. Generally speaking, it will be to your advantage to trade currency pairs for those countries that are online at the time. I would suggest observing what the price does and has done during these times on your chart. You can decide what currency pairs to trade depending on your findings and what suits you.

Trading is not an exact science, there are no certainties and markets do change over time. It is about determining patterns and trends, assessing probabilities and balancing risk vs potential reward. Timing is just one variable in Forex trading that could help stack the probabilities in your favor. I appreciate that you probably have a job and this might make it difficult to trade during the day. If you are in an Asian time zone, you are somewhat in luck. This is because you could catch most of the European session and the open of the US session at night.

Any currency that is paired with the USD or CAD would probably be the best currency pairs to trade at night. For traders in a European time zone, night time trading would allow you to catch the second part of the US session and the Asian session open. The AUDUSD and the USDJPY could be good currency pairs to trade.

Any currency paired with the USD, CAD, NZD, JPY and AUD might provide some trading opportunity. Night time trading in a US time zone would involve trading during the Asian session. If you are inclined to trade in the early hours of the morning, you could also catch the European and London open. The Best currencies to trade at this time would be those that are paired with the AUD, NZD and the JPY. Then for the European and London open, currencies paired with the EUR, GBP and the CHF as an example.

However, it is worth mentioning that just because you have opened your trading platform, this does not mean that you must find a trade. Sometimes the best position is not to have a position and simply do nothing.

Asian Session Statistics Best Results Strange but True. Home Forex Articles Trading Strategies Trading Forex with the Asian Range. Trading Forex with the Asian Range Adam Lemon. on December 18, Asian Session Statistics. Best Results. Strange but True. The hours from the time London opens for business until New York closes are widely regarded as the best time to trade Forex, and with good reason.

It is during these hours that the Forex markets usually experience the highest liquidity, i. the highest volume of trading. High volume usually correlates positively with a high amount of price movement, which gives the retail Forex trader a chance to make money through directional trading.

This means going long or short of Forex currency pairs and hoping to exit with a profit. It is possible to trade Forex profitably by using either technical or fundamental analysis, or a combination of both. A common mistake made by many Forex traders is overcomplicating technical analysis.

For example, the simple fact that the price is higher than it was a few months ago is probably going to be more significant and reliable than the exact value calculated by some fancy complicated indicator. Take advantage of today's market opportunities. START TRADING NOW. Adam Lemon. Adam Lemon began his role at DailyForex in when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. He has previously worked within financial markets over a year period, including 6 years with Merrill Lynch.

Learn more from Adam in his free lessons at FX Academy. Sign Up Enter your email. Did you like what you read? Let us know what you think! Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted.

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Trading is also enabled from to every trading day except on Fridays when the market closes at When trading sessions overlap, i. The most relevant countries where Forex trading times are recorded from are Australia, Japan, Germany, UK and the US. Asia Opens from: to: Tokyo. Traders pay special attention to USD and CAD currency pairs. Rather, the market consists of a network of financial institutions and retail trading brokers which each have their own individual hours of operation. Besides, sleep is an integral part of a healthy lifestyle!

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