Forex market is so loved by all traders, because there is an opportunity to trade from any corner of the world and at any time convenient for you. That is why it is convenient to combine it with the main occupation, and spend time rationally. Forex sessions have their own schedule and are divided into regions: Asian, European, American and Pacific. It is due to these different regions that we have the opportunity to make transactions around the clock, for example, when a session in one region closes, then it just starts in another region and under the look of the time difference you can trade from early morning to late at night. The liveliest Forex trading sessions begin with the opening of the American market, namely New York. Indeed, from the very beginning, stock exchanges have been associated with the well-known Wall Street, where money is not known to sleep. In fact, stock exchanges do not look like in American films. Nevertheless, the work is very active, due to the fact that the dollar is the main world currency and all changes in the exchange rate often depend on decisions made in the USA. Therefore, the market at this time is quite active, traders are trying not to miss their opportunities. In addition, when the New York session is just beginning to work, in Europe at 15.00, a fairly convenient time for European residents. Next, we will look at how the schedule of Forex trading sessions is still arranged.
How Do Forex Sessions Work?
Forex trading sessions are characterized by their time periods and it is good to know them, because in a certain period of time, a currency can behave actively, and the other does not. It is important for a trader to calculate the time at which he can carry out trading actions and, based on this, choose for himself currency pairs, stocks, precious metals or other assets. We suggest that you take a look at the global Forex session timetable for the Eastern European (EET) Time Zone:
- Asian (cities: Tokyo – opening session 2:00, closing 10:00; Hong Kong – 3:00 – 11:00; Singapore – 2: 00-10: 00);
- European (cities: Frankfurt – 8:00 – 16:00; London – 9:00 – 17:00);
- American (cities: New York – 15:00 – 23:00; Chicago – 16:00 – 24:00);
- Pacific (cities: Wellington – 22:00 – 6:00; Sydney – 22:00 – 6:00).
As you can see, there really is an opportunity to trade around the clock. But it is important not to forget that the Forex market does not work on holidays such as Christmas, New Year and Easter, but Christmas and Easter holidays differ depending on the region due to different religions.