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Electronic currency trading is a method of trading currencies through an online brokerage account. Peak activity periods are the Asian, European, and North American sessions, which are also called Tokyo, London, and New York. John Kicklighter has deep experience in forex analysis and writing.
Trading Session
There are countries such as the US, UK, and Australia that observe Daylight Savings Time . This will also influence the open and closing times of the respective trading sessions. While AvaTrade notifies traders of changes in different open/closing times, london session forex it is important to note that due to DST, there will be changes in market hours in March, April, October, and November. The Asian/European sessions overlap, sometimes creating more volatility, due to increased trading activity during those hours.
Towards the end of the session, there is typically minimal movement as the trading day winds down. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
The London trading session
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- Also, it is these pairs that are normally directly influenced by any news reports that come out during the European session.
- 124/7 excludes the 6 hours from 10pm Fri to 4am Sat, and 20 mins just before the weekday market opens on Sunday night.
- The North American Session starts when the Asian Session is already closed, but when the European Session is midway through its trading hours.
- Naturally, there is high liquidity in the first half of the session, while the european markets are still open.
- Trading during the session overlaps or typical economic release times may be the preferable option if more substantial price action is desired.
Look at the local time to easily identify overlaps of trading sessions. The most significant economic news are released from the eurozone, the United Kingdom and Switzerland. It is not uncommon for a trend started during the European session to continue until the beginning of New York session. The most liquid pairs are EURUSD, GBPUSD, USDCHF, EURGBP and EURCHF. A trading session refers to the active trading hours of an asset or specific location. Compared to other trading sessions, the Tokyo market is less liquid.
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What forex pairs trade in the London session?
Popular forex pairs to trade during the London session are the majors such as the GBP/USD cross or the EUR/GBP cross. This is especially true during the overlap between the London and New York markets, as well as the European session which is open during almost identical hours to the London session.