Forex Trading Sessions Schedule
Forex Trading Sessions Schedule Monitoring
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):
- The European trading session (09:00 – 17:00);
- Asian session (03:00 – 11:00);
- The American trading session (16:00 – 24:00).
Including it is possible to work during trading sessions for Australia and Oceania passing in the morning: 01:00 – 09:00.
We’re informing you that due to the Easter holidays in the USA and the European countries, Catholic Good Friday and Easter Monday, there will be some changes to the trading sch...
Dear customers! Due to Easter holidays, on April 19th, 2019 and April 22nd, 2019 payments and fund transfers in US dollars and Euro (funding, funds withdrawal and fund distribution b...
Please note that in observance of the upcoming Easter Holiday from 18-22 April 2019, there will be temporary changes to FXTM’s trading schedule.
Dear clients,Please be aware that due to the upcoming Easter holidays, the following changes will be made to the trading schedule from the 18th through the 22nd of April
Mon, 15 Apr 2019 19:22 Dear traders, Please note that due to the upcoming Easter Holiday Period 19-22 April 2019, our trading hours will be slightly modified. See the table below for...
Dear Clients, Please, be informed that due to celebration of Easter the 19th of April 2019 (Friday), trading with the metal instruments shall be restricted. Best Regards, Fxglory Man...
Changes in trading schedule over Easter and Good Friday global public holidaysDear clients,We would like to inform you that many exchanges will be officially closed worldwide on 19th...
Trading hours for ASX200 stock index to be changes due to Australia's daylight savings time shiftDear clients,Due to Australia following daylight savings time on the 6 April, 201...
LiteForex’s trading hours to be changed from 04.04.2019 to 08.04.2019 Dear clients,Please be aware that stock exchanges are working short hours over Chinese Ching Ming Festival...
We would like to inform you that due to Qingming Festival, Catholic and Orthodox Easter and Anzac Day, all of which take place in April, the trading hours of various instruments will...
Forex Trading Sessions Schedule Monitoring
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):
- The European trading session (09:00 – 17:00);
- Asian session (03:00 – 11:00);
- The American trading session (16:00 – 24:00).
Including it is possible to work during trading sessions for Australia and Oceania passing in the morning: 01:00 – 09:00.
Importance of Forex Trading Sessions Schedules Monitoring
(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:
- The activity of the European session comes during two periods of time: 10:00-14:00 and 15:00-19:00;
- During the Asian session, the bigger quantity of trading activities is made with the Japanese yen;
- It isn't necessary to leave the transactions without control in the period of the “thin” market, a conditional transitional stage between sessions when the level of liquidity is small to support of a stable price chart since strong impulses are possible.
- In days of New Year's holidays when the main exchanges and banks are closed, and quotes considerably grow, brokerage companies remove the means summing up the results of the reporting. The market in these moments “is thin for a long time”, and the behavior of the trader shall be careful and deliberate.
- Often opening of sessions after days off is followed by a gap therefore, it is recommended to establish protective stop orders on orders, or to close transactions on Friday.