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The Real Secret To Choosing Your Trading Session
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The Real Secret To Choosing Your Trading Session
While the currency market is open for 24 hours, 6 days a week, there is a particularly golden window of opportunity which you can profit from.To get more news about WikiFX, you can visit wikifx official website.
As you already know, profit is found in price movements. You will want to exploit this golden window of opportunity to reduce frustration due small price movements and lost time. You will learn 3 general tips before we dive into a specific trading session!
The table above shows the major trading sessions around the globe. The time zones have been accounted for daylight savings).
The trading day begins with Australia, Asia (Japan, Hong Kong and China), Europe (London), and lastly USA (New York).
There are 2 overlaps between the markets trading hours. The most significant overlap occurs when the markets in the USA open.
While the currency market is open for 24 hours, 6 days a week, there is a particularly golden window of opportunity which you can profit from.
As you already know, profit is found in price movements. You will want to exploit this golden window of opportunity to reduce frustration due small price movements and lost time. You will learn 3 general tips before we dive into a specific trading session!The table above shows the major trading sessions around the globe. The time zones have been accounted for daylight savings).
The trading day begins with Australia, Asia (Japan, Hong Kong and China), Europe (London), and lastly USA (New York).
There are 2 overlaps between the markets trading hours. The most significant overlap occurs when the markets in the USA open.
Golden Window Of Opportunity
The golden window of opportunity (main trading session) begins at the start of Europe‘s (London’s session) and ends at the beginning hours when USA (New York) starts. Refer to the chart above.
The bar chart above breaks down the price movement of the different pairs across trading sessions. Which trading session stands out for bringing the largest price movement？ You have an instant edge over many other retail traders knowing the answer. It is London.
By knowing this, you can expect a larger profit target when you trade the London session.
Does that mean you can only trade in the London session？ Of course not! Read on and see how you can profit during the Asian session.