Best times to be trading the FX market and the most volatile pairs to watch

The global forex markets trade from 5:00 PM EST Sunday through 4:00 PM EST Friday. Short term trading is usually best when there is good volatility.

Having said that lets take a look at the different global sessions and their characteristics:



European Trading Session (London)

The most important fx dealing center in the world.
London opens at 8.00 GMT and closes at 17.00 GMT. You can expect to see the highest volatility during the European session. GBP/USD, USD/CHF, GBP/JPY and GBP/CHF see the most volatility with average daily ranges of up to 140 pips.

U.S. Session (New York)
Opens at 8.00 A.M EST and closes at 5PM EST.
The second largest forex market place. The busiest time is 8am to noon EST.
Trading activity normally slows down after the U.S. afternoon trading period. GBP/USD, USD/CHF, GBP/JPY and GBP/CHF see average daily ranges of 120 pips during the US trading session - presenting many opportunities for the day trader.

European/U.S. Overlap
8am - noon EST. The market is very active during this period, making it an especially good environment for intraday trades.

Asian/European Overlap
2 a.m to 4a.m. EST. Trading is less active during this period.
Asian Session (Tokyo)
The Asian session opens at 7.00 p.m. EST and closes at 4:00 a.m. EST.
Volatility can be mixed during this period. USD/JPY, GBP/CHF and GBP/JPY have the widest ranges and present the short term trader with the greatest opportunity in terms of volatility

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