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    Risk Management for Beginners
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When Can I Trade Forex? Sessions - Market Open and Close

Starting your Forex journey can be very exciting, and I bet you’re eager to jump right in! Before you can even choose the pairs you want to work with, it’s important to know how and when the market operates. Some pairs move at certain times, while others move at other times. Luckily for you, the Forex market is flexible with its availability of trading 24 hours a day, 5 days a week! So it doesn’t necessarily matter what time you want to trade. YOU DECIDE THAT. The only thing that matters is determining how to correspond time and currency pairs because as we’re going to show you below, you can’t necessarily trade EUR/USD at 6pm, because that is when the Asian Session is active and EUR/USD are not “Asian Session” pairs.

his is why choosing the pairs that have a greater reaction during the time you’re up is KEY. That being said, it’s not like you need to keep your eyes glued to your screen while that session is active. Maybe you do as a beginner, but as you gain more experience, you’ll come to realize that’s not the case! Being awake during your trading session is important, so when your alerts go off, you’re able to hop on the charts quickly and determine whether or not you want to enter a trade.

Let’s take a look at the three major sessions we like to call London, New York, and Asian. The Sydney session is not nearly as volatile as the others, which is why we won’t focus too much on it.

London Session

3am – 11am EST

The most liquid session out of all the sessions is London. London is the capital of Forex! You can expect a LOT of liquidity during this session because it’s the most volatile. Most of the Forex transactions are conducted during this session. Pairs containing GBP, EUR, and USD are expected to move heavily during this session!

New York

8am – 5pm EST

The New York Sessions are the second most volatile session in which you can trade and represent the US. Even though the London Session is the most liquid, don’t forget that close to 85% of all transactions involve the US Dollar, and the US Dollar is most volatile during the NY Session. Most of the news regarding the US Dollars (fundamental announcements) will be announced during this session, so make sure to pay attention! The market tends to get dead towards the end of the New York Session because banks, corporations and others in the workplace are locking in their profits/losses and going home.

OVERLAP: As you see, the first few hours of the New York Session and the London Session are still going on. This is considered to be the most ACTIVE the Forex market will get. Combining the two most liquid sessions together will allow for many trading opportunities to be presented as the market is moving. Think of it as regular work. You go to work around 8 or 9am, you work a few hours, take a break, and then finish out the work day, but you and your coworkers energy gets lower as the day comes to an end. That is the exact same thing that happens with the New York Session (but not necessarily the London Session because the New York Session is directly in it, whereas the Asian session starts after the NY session closes).

Traders during the London Session work for a few hours, take a break, and then come back when the New York Session starts to finish out their day, whereas the New York Session is just starting their day.

Asian

7pm – 4am EST

Although this is the session that is considered the “slowest,” it still can provide some great trading opportunities. Countries such as Australia, New Zealand, Japan, and China will have news releases during this session! Knowing that the Japanese Yen is one of the most traded currencies alongside the US Dollar and the Euro, there’s always an opportunity to trade when it comes to a 24/5 market! Liquidity may be low throughout this session, so make sure you pay attention to any fundamental announcements that may push price.

OVERLAP: Also understand that there is an overlap with the Tokyo/Asian session and the London session. It’s not as volatile as the New York – London overlap, but an overlap in sessions is always good in the Forex market. Pairs such as the Euro, Australia, and Great Britain currencies tend to move during this time.

NOTE: There is such a thing as a Sydney Session, but it’s not regarded as a REAL session by Forex traders. Only New York, London, and Tokyo are respected as trading sessions.

Just so you know, the Sydney session is open from 5pm – 2am EST.

Sydney

5pm – 2am EST