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Trade
Forex trading sessions
What are the Forex trading sessions? In fact, session is a working hours Bank dealers in different regions and countries. Forex trading does not stop during the day and trading session forex exist in order to allow trade to individuals who are in different time zones of the Earth.
All Forex session are divided into four types: Pacific, Asian, European and American.
Let us consider each of them in detail.
1. Pacific session
On the Forex market out of Sydney and Wellington. Session times GMT - 21:00 - 7:00 in summer and 20:00 - 6:00 in winter, respectively. This session is considered to be the most relaxed, the volume of operations is insignificant. During the session, made the trade in national currencies NZD and AUD.
2. Asian session
During this Forex session open the main Asian financial centers: Tokyo, Singapore and Hong Kong. The session time remains the same both in winter and summer: 00:00 - 09:00. This session boasts a moderate volume of operations. Only when large foreign exchange interventions by the Central Bank of Japan may experience sharp movements. The most mobile currency: GBP/JPY, USD/JPY, USD/CHF.
3. European session
For trading banks open of Frankfurt am main, Zurich, Paris and London. European session forex: 06:00 - 15:00 in summer and 07:00 - 16:00 in winter. Many of the largest financial transactions in this session. On the banks of the UK capital accounted for 30% of the total Forex market.
The most mobile currency pairs with CHF, GBP and EUR.
4. American session
Trade to join Chicago and new York. This session: summer - 12:00 - 21:00 winter 13:00 - 22:00. A significant volume of money market transactions comes at a time of simultaneous operation of the European and American sessions - 13:00 - 16:00 (12:00 - 15:00) GMT.
All the pairs with USD are active at this time.
Thanks to sessions Forex there is the possibility of planning your trade in a favorable watch for different currencies, and to anticipate changes in the foreign exchange market a certain time of day.
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| Category: Forex | Added by: (30.10.2017)
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| Views: 259
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