102, aUD/JPY. Moving on, when does the trading session change schedule? Volatility tends to die down in the middle of the session, as traders often go off to eat lunch before waiting for the New York trading period to begin. Local Time, eDT, bST (GMT1 sydney Open 7:00 AM, sydney Close 4:00 PM 5:00 PM 2:00 AM 10:00 PM 7:00. Its no wonder that it is considered the forex capital of the world with thousands of businessmen making transactions every single minute. You can make money trading when the market moves up, and you can even make money when the market moves down. Shifts one hour back, Sydney actually moves forward by one hour (seasons are opposite in Australia ). Because you have the greatest number of transaction and volatility during the market hour. Pair, london, eUR/USD 83, gBP/USD 82, uSD/JPY.
Just Google, forex market hours, and there are different types of Forex session that you can look at, and just apply to your relevant time zone. This day chart has been provided by Babypips. Because of the volume of transactions that take place, there is so much liquidity during the European session that almost any pair can be traded. This leads to high liquidity and potentially lower transaction costs,.e., lower pip spreads. Which means, the London and New York session is open at the same time, this is the best time to be trading! What are the different Forex trading sessions out there? Also take notice that in between each forex trading session, there is a period of time where two sessions are open at the same time. Now that you know what forex is, why you should trade it, and who makes up the forex market, its about time you learned when you can trade. Take note that these are. Also, it is these pairs that are normally directly influenced by any news reports that come out during the European session. Now, if all this may seem confusing, don't worry, there's a very simple solution to this.