Trading Session: When to trade Forex?

WELCOME TO MXC FOREX!TRADING SESSION: When to trade Forex?When to trade Forex? Forex market is open 24 hours a day and allowing you to trade at any time of the day or night. Forex: Operates through centers around the world, located in different time zone, started from Monday to Friday; Open at Sydney and closed at New York. There are largest financial center in the world which including United Kingdom, United State of America, Japan, Australia, French, Hong Kong and Singapore. Now let’s look at the characteristic of each of the trading session, Asia, Europe and USA session. In Asian Session begin with the Sydney open and ends with Tokyo. Japan is the world’s third largest forex trading center and most currency in yen, covering 16.5 % of all forex transaction. The main features of Asian session: Approximately 21% of all forex transactions carried out here. Liquidity can thin at times. Thin liquidity trade within range especially there if have a big move in the preceding New York session. Stronger moves in pair contains JPY, AUD & NZD. In Europe session, runs through a number of major financial centers including Paris, Frankfurt, Zurich and London. London is the world’s largest financial center and the most active currencies are GBP, EUR and CHF. The main features of Europe session: A huge number trading volume over 32 % of all forex transactions are carried out here. High liquidity and lower spread. Period with most market uptrends and downtrends. Volatility slow down in middle of London period until New York trading session start. In USA session: is dominated by US trade with the trade coming from Canada, Mexico and South America. The fundamental factors are driving the USD and CAD in New York City. The main features of USA session: Roughly 19 % of all forex transactions are carried out here. Big market moving potential, 85 % of trades involve US Dollar. High liquidity in morning hours when overlaps the London session. Liquidity & volatility decrease during afternoon hours. Little movement on Friday afternoon and high chance of trend reversal in second half of the day.