Forex | 8 months ago
The forex or foreign exchange market is the largest financially traded market in the world. The daily volume of the trade is in trillions of dollars which is more than any stock market in the world. In this article we will discuss the different trading sessions.
Forex market runs for 24 hours a day and 5 days a week but that does not mean it's always active throughout the day. It is very important for traders to understand the different trading sessions so that they can trade correctly. Traders are able to make money by trading when the market moves up or when the market moves down easily. But most of the traders have a very difficult time trying to trade when the market does not move at all, or when the market is not active.
The forex market is not dominated by a single country. It is a global network of exchanges, multinational banks, country national companies and brokers throughout the world. There are four major forex trading sessions. These are London, New York, Sydney and Tokyo sessions. Tokyo opens at 00:00 am and closes at 9:00 am GMT. London opens at 8:00 am and closes at 05:00 pm GMT and New York between 01:00 pm – 10:00 pm GMT. This enables traders and brokers worldwide together with the participation of the banks, companies etc. from all continents to trade online 24 hours a day.
More activity simply means more financial opportunity. Successful traders look for these opportunities to cash in their favor. Volatility is low during the Sydney session as compared to any other sessions. Traders from Asian time zone can cash the Tokyo session, as the volatility is high because of the participation of same time zone countries like Singapore and China. Multiple currency pairs display various activities and noises over different time zones. Traders must be very careful about some of those false alarm. Forex market is most active when the major sessions overlap. This is an ideal time of the day for the trader to start his trading.
The forex market hours Clock should be used by every trader when they are trading. The overlapping hours between London and the New York session is the time of highest volatility. There are high probabilities of winning when you trade during these sessions. For more information's regarding Trading and daily updates, be sure to bookmark our blog and continue visiting. If you are new to trading then click here to register yourself for Free forex trading training of best forex broker Trade Global Market. You can open a real account at Trade Global Market within few minutes and start trading instantaneously. The minimum deposit needed to trade is just $100 with this minimum deposit you get all the benefits of the best trading platform which includes 100 plus indicators and charting systems. So what are you waiting for? Go ahead and apply for a real account with Trade Global Market.