Forex Market Trading Sessions
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Forex Market opened for trading 24 hours a day, but not all the trading hours are equivalent. The various currency pairs have different activity peaks and time - when the market calm.
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Session: |
Time (GMT) |
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Asian (or Tokyo) |
11pm to 8am |
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European (or London) |
7am to 4pm |
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North American (or New York) |
noon to 10pm |
The market is separated into three trading sessions: the Asian; European; and North American sessions or Tokyo, London and New York sessions. These names are used interchangeably as the three cities represent the major financial centers for each of the regions.
A currency more volatility when its own markets are open. The EURUSD, GBPUSD and GHFUSD have higher volatility on average when the London session is active. This is because various financial institutions and traders are using local currency in most forex market operations.
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Forex Fully Automated Trading System
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Metatrader Expert Advisor Forexy GBPUSD Independent Monitoring
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There are two peak activity (raising volatility), it happens when the session overlap. First peak around 7am GMT - The closing hours of the Asian session and open of the European session and second peak (lager) between noon and 4pm GMT - when the North American and European sessions converge.
Regards,
Boris F.
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