Hey traders,
In this post, we will discuss trading sessions in Forex.
Let's start with the definition:
Trading session is daytime trading hours in a certain location.
The opening and closing hours match with business hours.
For that reason, trading hours are varying in different countries because of contrasting timezones.
โ๏ธPlease, note that different markets may have different trading hours.
Also, some markets have pre-market and after-hours trading sessions.
In this post, we are discussing only forex trading hours.
The forex market opens on Sunday at 21:00 GMT
and closes on Friday at 21:00 pm GMT.
There are 4 main trading sessions in Forex:
๐ฆ๐บ Australian (Sydney) Session Opens at 21:00 GMT and closes at 06:00 GMT
๐ฏ๐ต Asian (Tokyo) Session Opens at 12:00 GMT and closes at 9:00 GMT.
๐ฌ๐ง UK (London) Session Opens at 7:00 GMT and closes at 16:00 GMT.
๐บ๐ธ US (New York) Session Opens at 12:00 GMT and closes at 21:00 GMT.
Asian trading session is usually categorized by low trading volumes
while UK and US sessions are categorized by high trading volumes.
Personally, I trade the entire UK session and US opening and usually skip Australian and Asian sessions. There is a free technical indicator on TradingView that allows to underline trading sessions on a price chart. It is called "Market Sessions".
Being added, it displays the market trading sessions.
What trading sessions do you trade?
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