Forex Market Time Updates
Hello Friends,
Many of us are confused with the forex market timings and this lead us to miss some important trading opportunities. therefore i am hereby gives these details so that every trader can utilize 24*7 trading opportunities and could maximise your returns.
The % may vary depending on the market. But this will give you a rough idea.
Some Terms in this article include.
GMT = (greenwich mean time)
EST = (eastern standard time)
Euro Session
London session opens daily at 8:00 GMT also 3:00 EST and closes at 17:00 GMT and 12:00 EST. London is one of the largest shopping centers in the world and has a market share of 30% minimum.
Some of the most active pairs during this session include USD/CHF, USD/CAD and EUR/USD.
New York Session / American Session
This session opens daily at 13:00 GMT also 8:00 EST and closes at 22:00 GMT also 17:00 EST. The hot time in this session is usually when the euro traders are still active. Which is between 13:00 and 17:00 GMT also 8:00 EST and 12:00 EST. The most liquid pairs during this session would include USD/CHF, GBP/USD, USD/CAD and EUR/USD.
Asian Session
Tokyo starts off the morning @ 12:00 GMT also 19:00 EST and ends at 21:00 GMT also 04:00 EST Usually currency pairs with the GBP are the most active during this time. EG: GBP/JPY, GBP/CHF. The rates of USD/JPY, AUD/USD, NZD/USD pairs and there crosses are also quite lively during this session.
This concludes the article I hope this will be helpful to some of you.
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