Many advantages when we choose to trade forex. One of them is the forex trading hours that 'never sleeps'. You could say we all already know that forex trading or forex is open 24 hours a day and 5 days a week. It is a very long period of time. Arguably the open market which continues without any rest or sleep. For traders, this would be great fun. Because they are likely to multiply profits at any time.
However, like most ordinary market, not every moment is always crowded. There are days when the market is crowded with visitors. And there is a time and hour where the empty market although the market remains open. There are certain months where the market visitors actually exceeds the capacity.
So insight into the time and hours in forex trading, it is also very important. You can customize your character by character trading strategies forex trading time in general. In order that the results obtained maximum of every trade you.
Started FOREX Trading
Forex trader you must already know that forex trading if measured by GMT time Indonesia, began on Monday morning until Saturday morning. But maybe you do not know exactly what time it starts trading.
Forex trading world, broadly divided into 5 major markets, namely: Session Sydney (Australia), Session Tokyo (Asia), Session London (Europe), Frankfurt (Germany), Session New York (USA). As we know there is a time difference that is long enough between Australia and America (+16 hours). This is what makes forex trading market never sleeps. When one market closes, another market being open, and so on.
For more details, let's look at the time and the hour when each market open / close:
1. Sydney, Australia
Open: 5:00 pm
Close: 13:00
2. Tokyo, Japan
Open: 6:00 pm
Close: 14:00 pm
3. Frankfurt, Germany
Open: 1:00 pm
Close: 21:00 pm
4. London, England
Open: 2:00 pm
Close: 22:00 pm
5. New York, USA
Open: 19:00 pm
Close: 3:00 pm +1
When viewed from the five major market every day, then an hour most mornings forex trading is Sydney, Australia 05:00, including Monday that the world of forex trading week begins. While the closure is New York, USA at 03:00 early the next day. You can see that forex trading is almost done 24 hours. It is a great opportunity for us traders, because they have a greater opportunity to develop trading capital or take profit.
Furthermore, let's see how it compares to the movement of pips, in each market.
Table difference in price movements (PIPS) forex pairs
Pair Session Tokyo / Asia Session London / Europe Session New York / USA
EUR / USD 76 114 92
GBP / USD 92 127 99
USD / JPY 51 66 59
AUD / USD 77 83 81
NZD / USD 62 72 70
USD / CAD 57 96 96
USD / CHF 67 102 83
EUR / JPY 102 129 107
GBP / JPY 118 151 132
AUD / JPY 98,107,103
EUR / GBP 78 61 47
EUR / CHF 79 109 84
Markets London / Europe
European markets took the largest share is nearly 36% of the total trade. European market is currently the most crowded, where thousands of entrepreneurs world-class snapper forex trading transactions.
Some traits / characteristics of the Tokyo market session / Asia are:
* Due to the London session has time overlapping with other market then this session becomes very crowded. This resulted in very high liquidity and spreads into smaller pips.
* Range of price movement becomes very high (Volatile).
* Trends happened majority will continue until the beginning of the session on the New York market trade.
* During the day volatility will decrease over the noon hour to eat and wait for America to open session.
* Some important news in the Euro zone will also greatly influence price movements.
* At the time of the European session the pair's all become very attractive for trading, because of hectic trade. But who strictest remain on major pairs: EUR / USD, GBP / USD, USD / JPY, and USD / CHF. Some cross pair like EUR / JPY and GBP / JPY also can be glimpsed as it moves quite stable, many traders liked this cross twisted pair.
* Apart from Japan, the countries with the second economic power (Hong Kong, Singapore, Australia, Seoul) is also active in the transaction. Along with China, Japan is exporting countries that besides the Bank of Japan, China, the commercial businesses (Export / Import) also also participated actively traded.
* At certain times of liquidity could be very small, visible at a very small price movements (do not change within a relatively long). This small price movements that allow formed breakout level of previous trends that occurred in the American market, so there is a phase of consolidation of a pair.
* Most of the movement occurred when the early trade, which at times was a fundamental economic news released or out.
* Market tokyo little lot will also affect the markets that open further, Because traders in Europe and America will see what happened earlier through the Tokyo market.
* Pair that might be interesting for you to trade in the Asian session is, JPY and AUD. Given China also has grown to become the new economic powers, when they released the second important news Pair will also be affected.
Market NewYork / USA
NewYork market accounted for approximately 19% of the total trade. New York is the center of trade and business in America, the city is also nicknamed the "City that never sleep 'means the city that never sleeps.
And as we all know that the USD is the currency of the world, nearly 90% of trade will always involve dollars in it.
Some traits / characteristics of NewYork market session are:
* High liquidity during the morning (early trade), because of overlapping with the European session.
* When the important economic news US release will have enormous power to move prices in pasar.Ingat 90% of the trade involving the dollar.
* After the European markets closed, the liquidity and volatility also tends to decrease (when the US afternoon session).
* On Friday US time, the trade will decline drastically, as traders in Asia and Europe had ceased to move, they are preparing for the holiday weekend.
* Some of the trend reversal may also be common in the period of time after the afternoon session Americans. Some traders do not want to leave the position open to avoid things or news that may occur at the weekend.
* As in the European market, all very interesting couple pair played in the American session, you just have to be extra pay more attention to the time when important news will be and is being released, the dollar will move wildly and even skipping.
Above you have studied the general character of each market, let's move a little to know the characteristics of the pair on certain days. So that you have a portrait of intact and you can determine when, hours, time and day that suits you.
Let's see Table pips according to the price movement. Pair Sunday Monday Tuesday Wednesday Thursday Friday
Pair Monday Tuesday Wednesday Thursday Friday Saturday (morning)
EUR / USD 69 109 142 136 145 144
GBP / USD 73 149 172 152 169 179
USD / JPY 41 65 82 91 124 98
AUD / USD 58 84 114 99 115 111
NZD / USD 28 81 98 87 100 96
USD / CAD 43 93 112 106 120 125
USD / CHF 55 84 119 107 104 116
EUR / JPY 19 133 178 159 223 192
GBP / JPY 100 169 213 179 270 232
EUR / GBP 35 74 81 79 75 91
EUR / CHF 35 55 55 64 87 76
Seen that Wednesday, Thursday, Friday, is the time when the most crowded and busy market.
When is the best time and hours for forex trading:
* The European session was the most busy and crowded.
* When overlapping provide liquidity and high volatility, this is your chance to immediately achieve the gain / profit in a short time.
* By mid-week (Wednesday, Thursday, Friday) where the price movement pips are at the highest value.
When is the time and hours that are not suitable for forex trading:.............................next
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