Know the schedule of trading sessions Forex - it means being able to rationally allocate their efforts and leverage resources and time. Trading sessions - are intervals of time when banks are open and have an active trade. As is known, while the Forex is not limited and it operates around the clock. When the evening at one of the points in the world and trade it closes, another point of it the morning comes and starts the local currency market. Session following each other or partially overlap each other, so traders can trade at a convenient time for them. Once logged in forex at any time, you will find him in working order, except for Saturday and Sunday, when all the countries on the stock exchanges closed. Forex does not work well during the holidays, such as Christmas, New Year and Easter.
Know the schedule of trading sessions Forex useful also because different sessions currencies behave differently. Thus, the yen is usually "alive" and begins to actively move during the Asian session, and trades on the euro are active in the European session. At other times, a sharp price movement is unusual for these currencies. The most "aggressive" of all - the U.S. session - can greatly reduce, or, conversely, to strengthen its "native" dollar.
Due to the fact that the foreign exchange market involved a lot of countries from different time zones of the Earth, while the Forex to eliminate confusion usually consider GMT.
Each regional market Forex has its own characteristics.
During the trading session, the most active are the deals in the market exchange operations of the U.S. dollar against the yen (USDJPY), the euro against the yen (EURJPY), euro-dollar (EURUSD) and the Australian dollar against the U.S. dollar (AUDUSD).
Trading Sessions in Europe is very different from the Asian because of the difference in time zones. Frankfurt opens at 8:00 am Central Time, London - at 9:00. At this time for trading in European financial centers. Volatility is the most popular currency pairs increases significantly after the start of trading sessions on the London market. Trading activity is somewhat reduced for dinner, but in the evening the players actively perform the operation again. Rate changes in the European trading session can be significant, as in Europe, the bulk of funds.
Busiest operations on Forex starting with the opening of the New York session. At the time of starting their Forex trading activities, U.S. banks, and returned after the lunch break European dealers. The influence of European and American banks is approximately the same, so no significant change compared to the European trading session on the Forex is not happening. However, after the termination of the European market volatility may increase. Often it is observed on Friday evening, before the weekend. American session is more aggressive in the trade than others.