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.
❗️Please, 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:
🇦🇺 Australian (Sydney) Session Opens at 21:00 GMT and closes at 06:00 GMT 🇯🇵 Asian (Tokyo) Session Opens at 12:00 GMT and closes at 9:00 GMT. 🇬🇧 UK (London) Session Opens at 7:00 GMT and closes at 16:00 GMT. 🇺🇸 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.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.