The foreign currency exchange market is a global financial phenomenon. Global forex trading sessions are split into three main geographic regions: the London session (European), the US session, and the Asian session.
Each of these centres has its own particularities and unique traits. Because of this reason, traders have the opportunity to adapt their strategies and trading approaches, depending on what trading session is open at the time they exchange currencies. Getting a better understanding of these trading sessions allows traders to anticipate which the volatility and stagnation periods will appear.
The main forex trading sessions
Traditionally, the largest forex trading markets of the world establish the trading sessions. This way, we and differentiate between the Asian session, the European session, and the US session. Because these sessions take place at different times of the day, they are dynamic and change a lot in those intervals. And so, traders can adapt their strategies, depending on the hours of the day.
- The Asian Session, with the hot spot in Tokyo, is open between 00:00 and 09:00 GMT.
- The European Session, with the trading capital in London is active between 08:00 and 17:00 GMT.
- The American Session, with headquarters in New York, thrives between 13:00 and 22:00 GMT.
For more information on each market and sub-markets, keep reading below.
The UK Forex trading market
This market is still one of the most dynamic in the world. And, according to analysts and professional traders, but also to the Office of National Statistics, in 2017, there were more than 270,000 Forex traders in the UK. Here are concentrated the most European Forex traders. Second in Europe, comes Germany, with over 150,000 traders.
The same data shows that at least 1 in 10 British people has traded online at least once in …Read more