Best Currency Pairs to Trade in Each Trading Session
- 3 years ago
How to choose currency pairs to trade during thdifferent trading session.
I am also gonna share with you what currency pairs are my personal favorites and when do I trade them and also tell you what is the connection between trading session and trading currencies.
The Sydney trading session - 10 pm GMT to 7 am GMT
The Tokyo trading session - 11 pm GMT to 8 am GMT
The London trading session - 7 am GMT to 4 pm GMT And
The New York trading session - 12 pm GMT to 9 pm GMT
By the way, if you don't know about trading sessions I have added a video on that, you can check it out by clicking the I button.
Now, each trading session is linked to one or a few countries, like the Sydney session is linked to Australia and New Zealand.
The Tokyo trading session is linked to Japan and other Asian countries and in the same way, the London trading session is linked to the UK and European countries.
So during a particular trading session, a country linked to it is heavily active and a lot of transactions are being made with a lot of traders ready to buy and sell the currency of that country.
when to trade in Tokyo session with currency.
Like, there is an overlap between the Sydney and Tokyo session, between Tokyo and London session, as well as between the London and New York session.
During overlaps, volumes increase more as traders from two different time zones are up and ready to look for opportunities in the forex market.
Now let us see which currency pair should you focus on during each trading session.
Before that, just remember that USD is the reserve currency of the world and the whole world pays attention to it which means that it can be traded in any of the 4 trading sessions.
Let us start with the Sydney session which starts at 10 pm GMT.
Sydney session is the first session of the forex market and during this session, you can look to trade currency pairs that include the AUD and the NZD.
For example, AUD/USD, NZDUSD, AUD/NZD.
The next trading session is the Tokyo trading session and you can trade JPY pairs during the Tokyo trading session.
For example, USD/JPY.
Now, you might have noticed that there is an overlap of 8 hours during these two sessions which means that you can trade the currency pairs that include JPY, AUD, and NZD during this overlap.
For example, USD/JPY, NZD/JPY, AUD/JPY, AUD/USD, AUD/NZD, etc.
The next is the London trading session which is the most volatile and liquid session and you can trade the currency pairs that include EUR and GBP.
The New York trading session starts at 12 PM GMT and again this is one of the most active trading sessions.
During this trading session, you can trade any of the 8 major currency pairs.
In the overlap of the new york and London trading sessions that is from 12 PM GMT to 4 PM GMT, the volatility and liquidity are at the peak as many traders look for opportunities during this session and EUR/USD and GBP/USD are my favorite ones.
I live in India, and when I wake up normally at 5 i
I am also gonna share with you what currency pairs are my personal favorites and when do I trade them and also tell you what is the connection between trading session and trading currencies.
The Sydney trading session - 10 pm GMT to 7 am GMT
The Tokyo trading session - 11 pm GMT to 8 am GMT
The London trading session - 7 am GMT to 4 pm GMT And
The New York trading session - 12 pm GMT to 9 pm GMT
By the way, if you don't know about trading sessions I have added a video on that, you can check it out by clicking the I button.
Now, each trading session is linked to one or a few countries, like the Sydney session is linked to Australia and New Zealand.
The Tokyo trading session is linked to Japan and other Asian countries and in the same way, the London trading session is linked to the UK and European countries.
So during a particular trading session, a country linked to it is heavily active and a lot of transactions are being made with a lot of traders ready to buy and sell the currency of that country.
when to trade in Tokyo session with currency.
Like, there is an overlap between the Sydney and Tokyo session, between Tokyo and London session, as well as between the London and New York session.
During overlaps, volumes increase more as traders from two different time zones are up and ready to look for opportunities in the forex market.
Now let us see which currency pair should you focus on during each trading session.
Before that, just remember that USD is the reserve currency of the world and the whole world pays attention to it which means that it can be traded in any of the 4 trading sessions.
Let us start with the Sydney session which starts at 10 pm GMT.
Sydney session is the first session of the forex market and during this session, you can look to trade currency pairs that include the AUD and the NZD.
For example, AUD/USD, NZDUSD, AUD/NZD.
The next trading session is the Tokyo trading session and you can trade JPY pairs during the Tokyo trading session.
For example, USD/JPY.
Now, you might have noticed that there is an overlap of 8 hours during these two sessions which means that you can trade the currency pairs that include JPY, AUD, and NZD during this overlap.
For example, USD/JPY, NZD/JPY, AUD/JPY, AUD/USD, AUD/NZD, etc.
The next is the London trading session which is the most volatile and liquid session and you can trade the currency pairs that include EUR and GBP.
The New York trading session starts at 12 PM GMT and again this is one of the most active trading sessions.
During this trading session, you can trade any of the 8 major currency pairs.
In the overlap of the new york and London trading sessions that is from 12 PM GMT to 4 PM GMT, the volatility and liquidity are at the peak as many traders look for opportunities during this session and EUR/USD and GBP/USD are my favorite ones.
I live in India, and when I wake up normally at 5 i