Best Time to Trade Forex Market for Beginners
One of the most important thing that every forex trader should know is the best time to trade . The forex market is open 24 hrs a day, but not every time is suitable for trading. We must know the best trading times to become a profitable trader. Forex Market Sessions The forex market operates through four major trading sessions . 1. Sydney Session The Sydney session is the first market to open. It starts the forex trading day but usually has lower trading volume . 2. Tokyo Session The Tokyo session is also known as the Asian session. During this , currency pairs involving the Japanese yen are more active. Examples : 1- USD/JPY 2-EUR/JPY 3-GBP/JPY 3. London Session The London session is one of the most active trading sessions. Many professional traders prefer this session because the market has high liquidity and strong price movements. 4. New York Session The New York session overlaps with the London session for a few hours. This overlap ...