Hey traders,
In this post, we will discuss trading sessions in Forex.
Let's start with the definition:
Trading session is daytime trading hours in a certain location.
The opening and closing hours match with business hours.
For that reason, trading hours are varying in different countries because of contrasting timezones.
âïļPlease, note that different markets may have different trading hours.
Also, some markets have pre-market and after-hours trading sessions.
In this post, we are discussing only forex trading hours.
The forex market opens on Sunday at 21:00 GMT
and closes on Friday at 21:00 pm GMT.
There are 4 main trading sessions in Forex:
ðĶðš Australian (Sydney) Session Opens at 21:00 GMT and closes at 06:00 GMT
ðŊðĩ Asian (Tokyo) Session Opens at 12:00 GMT and closes at 9:00 GMT.
ðŽð§ UK (London) Session Opens at 7:00 GMT and closes at 16:00 GMT.
ðšðļ US (New York) Session Opens at 12:00 GMT and closes at 21:00 GMT.
Asian trading session is usually categorized by low trading volumes
while UK and US sessions are categorized by high trading volumes.
Personally, I trade the entire UK session and US opening and usually skip Australian and Asian sessions.
What trading sessions do you trade?
âĪïļIf you have any questions, please, ask me in the comment section.
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