Once we know what the Forex trading and anyone who played in it ... it is time we learn when the right time for trading. One point that we should not miss!
Previously it has been mentioned that the Forex market is open 24 hours. But that does not mean we have to continue to sit in a chair and staring at a computer screen for 24 hours, in case the market moves would threaten us. Not like that.
We can turn off the computer and went to bed, because whatever happens in the market, we can profit from it. Whether the market moves up, or when he slipped. The new issue will come if the market did not move.
We already know from previous material that forex is traded 24 hours a day. But in fact 24 hours are divided into four trading sessions:
- Sessions Sidney
- Sessions Tokyo
- London session
- New York Session
In addition to the known as the Asian Tigers because of its economic progress, in the world of trading Japan also known as Forex trading center, the third largest in the world. The yen was the currency of Japan is also the third most commonly used by traders, taking a share of 16% of all Forex transactions around the world. Meanwhile, about 21% of the world's Forex transactions occur at this session.
The London Trading Session
While the Asian market participants started to deal with their stuff and the CAP, the European market just started their activity. Although there are several financial centres in Europe, but the views of market participants will be fixed on London.
The New York Trading Session
The U.S. session began at 8:00 am (EST) or 8:00 pm (GMT + 7). As Asian and European sessions, session U.S. trading is one of the world's financial center and is always supervised by the market.
Overlap Between Sessions
Overlap between sessions occur when two sessions are both operating. Many market players conduct transactions in those moments. If this moment, likened as the main broadcast (primetime) on TV. The more "audience" (the perpetrators involved in the session), then it will be higher "rating" (liquidity) show.
Good Day For Trading
From the previous material, we know that the London session was the busiest trading session each day. However, there are als
Every trader should know at any time and a good day for trading, trading and anytime it's better not to do. This can be very helpful in rake in profit and avoid loss, then ingat-ingatlah:
1. Good time for trading:
In the event of an overlap between the two sessions, which led to volatility and high liquidity. If it cannot be given trading session, we could bookmark this page.
Among the four existing London session is a session with most transactions.
Mid week is day to day with the movement of the highest frequency, due to the range of movement tends to widen at the day-this day (Tuesday, Wednesday, Thursday).
2. Less time both for trading:
Sunday, because this is the time we relax and enjoy the holidays.
Friday, due to a sharp slump liquidity leave the sessions United States.
International holidays, because ... Yes, those are also holidays.
The news release have a major impact, because it was too risky. Well ... unless we want a massive loss as well.
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