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.
❗️Please, 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:
🇦🇺 Australian (Sydney) Session Opens at 21:00 GMT and closes at 06:00 GMT 🇯🇵 Asian (Tokyo) Session Opens at 12:00 GMT and closes at 9:00 GMT. 🇬🇧 UK (London) Session Opens at 7:00 GMT and closes at 16:00 GMT. 🇺🇸 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.
There is a free technical indicator on TradingView that allows to underline trading sessions on a price chart. It is called "Market Sessions".
Being added, it displays the market trading sessions.