As in any other type of activity requiring the adoption of important decisions for trading in the exchange market, it is necessary to consider various external factors. The majority of them treats construction and testing of the effective trading system and maintenance of trading discipline.
In addition, it is important to be aware of general Forex market behavior and to know the factors influencing its movement at different times of a day. In the schedule of trading sessions on the Forex market is allocated to three main periods (Moscow time +3 GTM):
Including it is possible to work during trading sessions for Australia and Oceania passing in the morning: 01:00 – 09:00.
NordFX, a brokerage firm, has summarized the trading performance of its clients for February 2024. The effectiveness of social trading services, PAMM and CopyTrading, as well as the ...
In March, trading schedules will be affected by the Good Friday celebrations. AU200 – early close at 13:00 (GMT+0). HK50 – early close at 19:00 (GMT+0)....
Change of Trading Session due to the US President’s Day 2024 admin_fx202024-02-18T18:28:16+00:00 By admin_fx20 Fxglory News Comments Off on Change of Trading Session due to the...
Please note the upcoming adjustments to the trading schedule.Holiday: Presidents' Day in the USDates: 19/02/2024 - 20/02/2024This schedule is for informational purposes and may b...
Please note the upcoming adjustments to the trading schedule.Holiday: Presidents' Day in the USDates: 19/02/2024 - 20/02/2024This schedule is for informational purposes and may b...
Due to US Presidents Day, there will be the following changes in the trading hours (NordFX server time): XAUUSD, XAGUSD Close 19.02.2024 20:15 Reopen 20.02.2024 00:01 WTI_OIL, XNGUSD...
Please beware of reduced liquidity and special trading breaks for CFD's and Bullion on Monday 19th of February 2024 due to President's Day celebrations in the USA. The detail...
We are informing you about the upcoming adjustments to the trading schedule due to Martin Luther King Jr. Day in the US.This schedule is for informational purposes and may be subject...
We would like to inform you that due to several public holidays all of which take place in February, the trading hours of various instruments will be affected between 09 and 19 Febru...
February comes with several holidays that may affect your trading. Mind the below changes before placing orders. HK50 – early close at 04:00 (GMT+0). HK50, USDBRL – close...
As in any other type of activity requiring the adoption of important decisions for trading in the exchange market, it is necessary to consider various external factors. The majority of them treats construction and testing of the effective trading system and maintenance of trading discipline.
In addition, it is important to be aware of general Forex market behavior and to know the factors influencing its movement at different times of a day. In the schedule of trading sessions on the Forex market is allocated to three main periods (Moscow time +3 GTM):
Including it is possible to work during trading sessions for Australia and Oceania passing in the morning: 01:00 – 09:00.
(In the material is presented Moscow time: GTM+3)
The opening of Asian session marks the traditional beginning of the trading day. In these hours participants of the market pay close attention to Asian currencies – yen, Singapore dollar, etc. Because many countries of the Asian region dynamically export goods, during the Asian trading hours of the company adjust the cost of national currencies on the discretion. But this period of the trading is rather quiet as the main activity is developed after the opening of the European session.
The largest and most popular exchanges are in Europe, including large financial institutions and investment funds which actively participate in the biddings and, therefore, this period in Forex trading sessions is the most dynamic. With the opening of the London session at 10:00 the market reaches the greatest volatility lasting up to 13:00-14:00 since bidders make the main transactions till lunch.
The schedule of the biddings after the opening of the New York exchange is, at least, significant at 16:00. During this session European currencies are also actively traded, in connection with return after a lunch of the European dealers. In addition, the biddings join the American traders, active hedge-funds, banks and firms motivated for speculation at the exchange and also are published important economic data from the USA. And at this moment it is necessary to pay attention to the closing of the European session as Americans remain in the exchange single, continuing to trade and use the thin market without liquidity, advancing currency pairs in their interests.
Recommendations about use of the trading sessions schedule
For the correct estimation of a situation in the Forex market by means of the schedule of trading sessions, it is necessary to pay attention to the next moments: