Forex Market works round the clock. Saturday and Sunday are considered as days off. There are various trading sessions within the day: Asian, European, American.
Asian Session
The first session to open is in Tokyo. From time to time the trade can be "narrow". Currency pairs with the British pound are the most active at this time: GBP/JPY, GBP/CHF.
The rates of USD/JPY, AUD/USD, NZD/USD pairs and their cross-rates too are quite active at this time because the orders are not available in the American session allowing smoothly flowing transactions in Asian. Traders usually avoid opening positions on pairs containing the Euro before the opening of the London session. For "active" traders the most comprehensible are USD/JPY, GBP/CHF and GBP/JPY as their wide range will provide to short-term-traders tan interesing profit. The pairs like USD/JPY, GBP/USD and USD/CHF - are a good choice as they allows the middle-term-traders and the long-term-traders to consider a fundamental method of analysis for decision-making.
European Session
At 8:00 - 17:00 GMT the trading session opens in London. London is one of the major shopping centers of the world with a market share, of at least, 30 % and a trading volume of $580 billion. the volume of the participants and their volumes of transactions render London a most volatile session Forex. Traditionally at the London session, pairs including the pound and the euro are most prominent. The Pairs USD/CHF, USD/CAD and EUR/USD are also fairly active and give the market some revival. The pairs based on JPY, lose the appeal within the session do not attract active traders.
American Session
The New York trading session operates from 13:00 till 22.00 GMT. The New York orders are very liquid and account for 14 % of world volume of the transactions. In the spot-market of the USA the majority of transactions are made between 13.00 and 17:00 GMT when the European traders are still active. After the European session closes trade often decreases. USD/CHF, GBP/USD, USD/CAD and EUR/USD are the most active trading pairs during the New York session and provide the liquidity.
"Attention" should be paid the pairs EUR/GBP and EUR/CHF, as during the change of session's, their liquidity dissipates and does not increase before next day's opening of the London session. As a result the "narrow" market will make the fluctuations unprofitable for the trader.
Asian Session
The first session to open is in Tokyo. From time to time the trade can be "narrow". Currency pairs with the British pound are the most active at this time: GBP/JPY, GBP/CHF.
The rates of USD/JPY, AUD/USD, NZD/USD pairs and their cross-rates too are quite active at this time because the orders are not available in the American session allowing smoothly flowing transactions in Asian. Traders usually avoid opening positions on pairs containing the Euro before the opening of the London session. For "active" traders the most comprehensible are USD/JPY, GBP/CHF and GBP/JPY as their wide range will provide to short-term-traders tan interesing profit. The pairs like USD/JPY, GBP/USD and USD/CHF - are a good choice as they allows the middle-term-traders and the long-term-traders to consider a fundamental method of analysis for decision-making.
European Session
At 8:00 - 17:00 GMT the trading session opens in London. London is one of the major shopping centers of the world with a market share, of at least, 30 % and a trading volume of $580 billion. the volume of the participants and their volumes of transactions render London a most volatile session Forex. Traditionally at the London session, pairs including the pound and the euro are most prominent. The Pairs USD/CHF, USD/CAD and EUR/USD are also fairly active and give the market some revival. The pairs based on JPY, lose the appeal within the session do not attract active traders.
American Session
The New York trading session operates from 13:00 till 22.00 GMT. The New York orders are very liquid and account for 14 % of world volume of the transactions. In the spot-market of the USA the majority of transactions are made between 13.00 and 17:00 GMT when the European traders are still active. After the European session closes trade often decreases. USD/CHF, GBP/USD, USD/CAD and EUR/USD are the most active trading pairs during the New York session and provide the liquidity.
"Attention" should be paid the pairs EUR/GBP and EUR/CHF, as during the change of session's, their liquidity dissipates and does not increase before next day's opening of the London session. As a result the "narrow" market will make the fluctuations unprofitable for the trader.