Forex market is so loved by all traders, because there is a possibility to trade from any corner of the world and at any time convenient for you. That’s why it is convenient to combine it with the main line of business, and spend time rationally. Forex sessions have their own schedule and are divided by regions: Asian, European, American and Pacific. The busiest Forex trading sessions begin with the opening of the American market, namely the New York market. After all, from the very beginning stock exchanges are associated with the famous Wall Street, where, as you know, money does not sleep. In fact, stock exchanges do not look as in American films. But still the work is very active, due to the fact that the dollar is the world’s main currency and all changes of rate often depend on the decisions made in the U.S. Therefore, the market at this time is quite active, traders try not to miss their opportunities. In addition, when the New York session is just starting to work, in Europe at 15.00, it is quite a convenient time for European residents. Next, let’s consider how else the schedule of Forex trading sessions is arranged.
How are Forex sessions arranged?
Forex trading sessions are characterized by their time periods and it is good to know them, because in a particular period of time the currency can behave actively, in the other one it is not. It is important for a trader to calculate the time when he can conduct trading operations and select currency pairs, stocks, precious metals or other assets based on this. We suggest you take a look at the Forex world schedule of sessions on the Eastern European time zone EET:
- Asian ( Cities: Tokyo – Opening 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, it is really possible to trade around the clock. But it is important not to forget that the Forex market does not work on holidays like this: Christmas, New Year’s Eve and Easter, but Christmas and Easter holidays differ by region due to different religions.