In forex, the 24-hour can be divided throughout the trading day in the Forex market into three major trading sessions.
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| times of the different Forex trading session |
The Asian trading session (including Australia & New Zealand):
the Asian trading session opens at 6.00 pm EST and close at 4.00 am EST.The London trading session:
the London trading session open at 3.00 a.m. EST and close at 12.00 pm EST.New York Trading session:
the New York trading session opens at 8:00 am EST closes at 5:00 pm EST.overlapping times
You will notice that between each trading session and the other there is a period of time where the two sessions work together at the same time.From 3:00-4:00 am EST, the London trading session overlapped with the Asian trading session, from 8:00-12:00 pm EST, the London trading session overlapped with the New York trading session.
also, you will notice that overlapping trading hours are the times where the levels of trading volume are high.thus, The best time to trade at all is when New York trading session overlapped with the London trading session between 8 am and 12 pm EST, And this because at that time is the overlap of the largest trading centres in the world. So many traders trade during these four overlapping hours, because of market volatility in these times.