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TRADING SESSIONS

Currencies & Commodities are traded 24 hours a day and 5 days a week .Trading Market opens Monday morning in Wellington, New Zealand and stay open till the Friday night in New York. It provides a great opportunity for traders to trade at any time of the day or night. The best time to trade is when the market is the most active and therefore has the biggest volume of trades.
Each trading day can be divided into three trading sessions, depending on the financial center active during a specific period of time. The time each session opens and closes at is based on the local business hours:

 

Forex trading hours, Forex trading time:

Sydney opens at 22:00 and closes at 06:00 (GMT)
Tokyo opens at 00:00 and closes at 08:00 (GMT)
London opens at 08:00 and closes at 16:00 (GMT)
New York opens at 13:00 and closes at 21:00 (GMT)

 

Asian Session

The Asian session begins with the Sydney open (22:00 GMT) and ends with the Tokyo close (08:00 GMT).
Japan is the world’s third largest forex trading center therefore we call it the Tokyo session, The most traded currency in this session is the yen. Approximately 21% of all forex transactions are carried out here.

 

London Session

The European session begins with the London open (08:00 GMT) and close (16:00 GMT).
London is considered the capital of forex and although there are several financial centers all around Europe, it is London that attracts the trades therefore we call it the London session: Approximately 32% of all forex transactions are carried out here.

New York Session

The American session begins with the New York open (13:00 GMT) and close (21:00 GMT).In American session more than 19% of all forex transaction are carried out here and around 85% of trades involve the US dollar, Most economic news reports are released at the beginning of this session.