When Trading Forex, Lesson 1: Trading Session

Once we know what is Forex trading, how we should be trading for profit, and where the only we can do that ... now it's time we learn when is the right time for trading. One point that we must not miss!

Know anyone who can occupy the Forex, it is now time to know, anytime we can trade. Well, points our lesson this time is:

Trading Session

Earlier it was mentioned that the Forex market is open 24-hours. But that doesn't mean we should continue to attach our asses in the seats and glaring at the screen of the computer, just in case if market movements would threaten us. Does.

We can turn off the computer and sit quietly for whatever happens in the market, we can dredge up a profit from it. Well when the market is moving up, or when he slumped.

New problems will come when the market is not moving at all.

Although Forex market movements are affected by global market activities and happenings around the world, that they should make the Forex market keeps moving, but there are times when it is also one of the world's largest market was still immobile as Malin Kundang that is affected by the curse of his mother.

Market Hours
The first lesson to learn when is the best time for trading is to understand what kind of Forex in 24-hours a day.

There are three areas of the Forex market (Asia, America and Europe), which is divided into four main parts trading session:

1. Sidney Session
2. The Tokyo Session
3. The London Sessions
4. New York Sessions

However, we will concentrate on just three sessions (session session, Tokyo, London, and New York sessions). Below is a table opening hours and close of each trading session were:

In The Summer (Around April – October)

Time Zone	EDT	GMT	GMT+7
Opening Hours Sidney	06:00PM	10:00PM	04:00AM
Hours Closed Sidney	03:00AM	07:00AM	12:00PM
Opening Hours Tokyo	07:00AM	11:00PM	06:00AM
Hours Closed Tokyo	04:00AM	08:00AM	02:00PM
Opening Hours London	03:00AM	07:00AM	02:00PM
Hours Closed London	12:00PM	04:00PM	10:00PM
Opening Hours New York	08:00AM	12:00PM	07:00PM
Hours Closed New York	05:00PM	09:00PM	03:00AM

In Winter (Around October-April)

Time Zone	EDT	GMT	GMT+7
Opening Hours Sidney	04:00PM	09:00PM	04:00AM
Hours Closed Sidney	01:00AM	06:00AM	01:00PM
Opening Hours Tokyo	06:00PM	11:00PM	06:00AM
Hours Closed Tokyo	03:00AM	08:00AM	03:00PM
Opening Hours London	03:00AM	08:00AM	03:00PM
Hours Closed London	12:00PM	05:00PM	12:00AM
Opening Hours New York	08:00AM	01:00PM	08:00PM
Hours Closed New York	05:00PM	10:00PM	05:00AM

Time open and close each session actually made based on local business hours. This time varies during the months of October and April, as several countries are switching to/from daylight savings time (DST). Change of time of each country could be different.

Of the two tables above, seen that in between each session there is a period of time the same trading session opening. During the summer, from 3: 00-4: 00 AM EDT (15: 00-16: 00 am GMT + 7), the Tokyo session and the session in London had an overlap, and during summer and winter from 8: 00 AM-12: 00 PM ET (20: 00-24: 00 pm GMT + 7), London and New York Sessions have an overlap.

In the hours that the market has the highest trading activity, due to the volume on the two markets are opened at the same time greater than the other. For the hours it's all market participants are busy doing the selling action or purchase. In other words, it is the moment where the money flows faster than one hand into the hands of the other.

If paying attention to opening markets in both tables, Sidney, we will find the opening hours of the session more accelerated Sidney two hours. Well, the question now is why there should be two hours instead of an hour, if the U.S. could adjust their trading hours?

There are things we need to remember about the changes this time. When the US changed an hour, that means the clock one hour accelerated Sidney. Although both have four seasons, but its progression differs between America and Australia. Keep this lesson well.

Well, let's look at the average pip movement of a currency pair Mayor of each trading session:

Pair	Tokyo	London	New York
EUR/USD	76	114	92
GBP/USD	92	127	99
USD/JPY	51	66	59
AUD/USD	77	83	81
NZD/USD	62	72	70
USD/CAD	57	96	96
USD/CHF	67	102	83
EUR/JPY	102	129	107
GBP/JPY	118	151	132
AUD/JPY	98	107	103
EUR/GBP	78	61	47
EUR/CHF	79	109	84

From the table above we can see that European sessions present the most movement. Yuk, observe the movement of pip from each session, so that we can take advantage of trading with even better!

Next lesson: the Tokyo Session