Currency pairs of the European and American sessions. European trading session, opening time and its features

The Forex market works like a clockwork - around the clock and without interruption. The only exceptions are Saturday, Sunday and holidays, which are celebrated all over the world. Trading begins at the opening of the Tokyo Stock Exchange at 23.00 GMT and ends at 22.00 in the American session. A common man in the street is unlikely to notice the difference in the financial market depending on the time of day. Perhaps, it will mark a decrease in activity at night, but this is not surprising - market participants are sleeping at this time. A professional trader clearly knows the specifics of the American and European sessions, at what time it is better to trade in which currencies. Let's talk about the nuances of trading in financial instruments, depending on.

Asian session

It is with her that trading on the foreign exchange market begins. This takes place at 2 a.m. from the opening of the Tokyo stock exchange. At 3.00 am the financial institutions of Hong Kong and Singapore join. The Asian session ends at 12:00 Moscow time. The operating period of the Hong Kong, Tokyo and Singapore exchanges partially overlaps with the European and Pacific sessions.

During the Asian session, the maximum activity is inherent in the pairs containing the Japanese yen and other Asian currencies. There is usually calmness in the market. The exceptions are the days when strategic economic indicators for Japan are released and the government has carried out foreign exchange interventions.

If you prefer news trading strategies, pay attention to the time from 4.00 to 6.00 Moscow time. The main jumps in prices for currency pairs with the yen occur precisely during this period. You can also perform scalping on the euro-dollar or pound-dollar currencies during the Asian session. Volatility for them is extremely low, and most of the time the pairs move in a narrow range.

European session

It begins at 9 am Moscow time with the opening of exchanges in Zurich, Frankfurt and Paris. An hour later, the London Stock Exchange opens. The European Forex session Moscow time ends at 19.00. During this period, the doors of the London Stock Exchange are closed. The time of the European session overlaps with the Asian, American and quite a bit of the Pacific sessions.

The period from 9 am Moscow time to 7 pm is the peak of volatility in the Forex market in general. Increased activity is observed on the euro-dollar, pound-dollar and pairs with the Swiss franc. At this time comes out most of all important economic news.
The European session period is considered the main working time for most traders. Most of the Expert Advisors have been written for this interval and many strategies have been developed. Most of the strong market movements occur in the first half of the day. Closer to 14.00, the market becomes calmer, because lunchtime is coming in Europe.

You need a reliable broker to work Forex4you or RoboForex.

American session

With the opening of the American session, the movement of prices of financial instruments is again activated. Firstly, the time coincides with the period of the European session, and secondly, it is after 4 pm Moscow time that the Europeans return from lunch and set the tone for the movement in the market together with the Americans. The American Forex session Moscow time lasts from 4 pm to 2 am. There are two exchanges - New York and Chicago.
The highest volatility is observed in the period from 16.00 to 18.00. Strong movements are also likely after 19:00, when Europeans leave the market. During the American session, it is best to trade major currency pairs (that is, containing the US dollar). After 21.00 Moscow time, you rarely see strong price fluctuations, despite the fact that trading on the American stock exchanges lasts until 2 am.

Pacific session

The Pacific session starts at 23:00 Moscow time and lasts until 10:00. At this time, two exchanges are operating - in Wellington and Sydney. The period is characterized by a calm movement of currencies without sharp fluctuations. The surge in activity falls on the market for the Australian and New Zealand dollars.

For traders living in the former CIS, the time of the Pacific session is not very suitable for trading. Strong movements can be expected for a long time, large market participants are not in play during this period. Often the financial result from trading in the Pacific session is not commensurate with the time spent.

Forex Sessions Moscow Time Indicator

Knowing the validity period of Forex sessions according to Moscow time allows the trader to avoid mistakes in trading. For example, the interval between sessions is characterized by low liquidity. At this time, spreads increase, and deals may take longer to open.

It is difficult to keep in mind the start and end times of each session. Easier to set on a chart i-Sessions session indicator... It is designed to visually display time phases in the market. He will paint in different colors the periods falling on a particular session. You can see an example of a chart with an installed indicator in the figure below. How to use it in practice?

If your strategy involves searching for signals only in a certain phase of the market, the indicator will help you to easily and quickly identify a trading session. It will also be useful for those who trade on the breakdown of the morning flat, which is usually formed during active trading in Asia. Thanks to the colored rectangles, you can easily draw the boundaries of the session, which usually act as levels, upon breaking through which it is necessary to enter the market. The indicator settings allow you to change the color of the graphic blocks and the time for which they are responsible.

Knowing the schedule of Forex sessions according to Moscow time helps a trader to correctly build a strategy, determine the most productive time for trading, choose a currency pair, the rhythm of which corresponds to the time of your wakefulness. Remember that the profitability of a trade is highly dependent

Greetings, dear colleagues .. As you may have guessed, we will talk about Forex trading sessions. To avoid confusion in time, I will tell you right away that the time of trading sessions, I will indicate Moscow (GMT +3), so do not forget to translate it to your time zone.

Probably now I will not reveal a secret if I say that the main attraction and main motivation for trading in the Forex market is round-the-clock trading. The teachers from the DC make no small emphasis on the fact that the trader works when it is convenient for him, at any time of the day. At least that was the case with me.

But is it really so? Is it worth trading when there is no point in trading? Let's take a closer look at this issue and you yourself will draw conclusions for yourself.

Forex trading session schedule

The Forex market, unlike futures or stocks, works 24 hours a day, from Monday to Friday, as I have already said. Holidays and pre-holidays are the only exceptions and must be monitored separately.

Futures, on the Chicago most popular exchange (CME), are traded 23 hours, also from Monday to Friday, but from 01:00 (Moscow time (summer)) to 02:00 and from 02:00 (Moscow time (winter)) until 03:00. Shares are generally a separate matter, depending on which exchange you work on (specify individually).

In this article, the schedule of trading sessions for the Forex market will be considered. There are four trading sessions, let's deal with the start hours of each:

Pacific- trading session time from 23:00 to 10:00 (Moscow time);
Asiatic- trading session time from 03:00 to 13:00 (Moscow time);
European- trading session time from 10:00 to 20:00 (Moscow time);
American- trading session time from 16:00 to 02:00 (Moscow time).

Schedule of trading sessions on the Forex market

Session name	Financial centers	UTC / GMT Opening / Closing		EET Opening / Closing		Moscow time* Opening / Closing
Pacific	Wellington	19:00	04:00	22:00	07:00	23:00	08:00
	Sydney	21:00	06:00	00:00	09:00	01:00	10:00
Asiatic	Tokyo	23:00	08:00	02:00	11:00	03:00	12:00
	Hong Kong, Singapore	00:00	09:00	03:00	12:00	04:00	13:00
European	Frankfurt, Zurich, Paris	06:00	15:00	09:00	18:00	10:00	19:00
	London	07:00	16:00	10:00	19:00	11:00	20:00
American	New York	12:00	21:00	15:00	00:00	16:00	01:00
	Chicago	13:00	22:00	16:00	01:00	17:00	02:00

As you can see from the table above, the trading day begins with the Australian or Pacific trading session, where Sydney is considered the main trading center. It is followed by the Asian trading session, with the main trading center in Tokyo. The Pacific and Asian sessions are not the most volatile, but more on that below.

At 10:00 (Moscow time), the European trading session opens, with the main trading center in London. The trading day ends with the American trading session, whose main trading center is located in New York. The time of both trading sessions is considered to be the most volatile.

As you can see, all sessions overlap. There is no such thing that one session ends, the market closes and opens in another. Due to the time difference, the closing of one session falls on the opening of another, and that is why trading is a 24-hour activity, which, by the way, is not a plus, rather even a minus.

The question of knowing the time of sessions did not leave programmers unattended. Their help came in handy, because now you don't even have to go deep into the study of the schedule, but just install one of the indicators, which will independently signal that you are in a particular trading session.

I wrote in great detail about the indicators of trading sessions in the article. So read on, download and embed.

Important!!!
The most dangerous time for intraday trading is considered the line of closing one session and opening another. It is generally accepted that abrupt, unpredictable movements are possible at this time.

In this section, I want to briefly describe the best currency pairs for trading in a particular trading session and with focusing your attention on increased risks.

Pacific - Australian Forex Trading Session

The start time of the Pacific or Australian trading session in Wellington is at 23:00 Moscow time. At 10 o'clock Moscow time, the end of the session in Sydney.

The lowest volatility trading session of all presented. Very often, currency pairs do not exceed the movement of 10-15 pips. At the Pacific session it is better not to try to trade at all. Nerves are more expensive. Otherwise, trade pairs that include AUD (Australian dollar) or NZD (New Zealand dollar).

Asian Forex Trading Session

The start time of the Asian trading session in Tokyo is at 03:00 Moscow time. At 13 o'clock Moscow time, the end of the session in Singapore.

After the opening of the Tokyo Stock Exchange, I will not say that volatility increases, but at least somehow, the market begins to swing. Volatility is about the same 10 - 15 pips. As you may have guessed, JPY (Japanese yen) is traded in Japan, so connect the pairs in which the Japanese yen is represented to AUD (Australian dollar) and NZD (New Zealand dollar).

Although the Asian session is not the most volatile time, there are still days when pairs are knocked out and standard points. Usually, these days fall on important news, which can be learned in advance from the calendar of economic events.

Forex European Trading Session

The European Forex trading session starts in Frankfurt at 10:00 Moscow time. At 11 o'clock the London Stock Exchange opens and the bulk of the money is poured into the market. At 20 o'clock Moscow time, the end of the session in London.

The most favorite session of many traders. Volatility reaches up to 50 - 100 pips, and this is understandable, the strongest banks in the world are beginning to show their activity in the market. There is such an observation that if from 10:00 to 13:00 it is impossible to make a good trade, then it is better not to trade on that day, as there is no consensus on the further course of the pair on the market.

You can trade anything during the European session. The most common pairs, in which EUR (euro), GBP (pound), CHF (franc) are represented. But the pairs from the Asian session JPY (Japanese yen), AUD (Australian dollar) and NZD (New Zealand dollar) are also doing decently. In general, the choice is huge.

Be sure to follow the news. For example, a press conference by the ECB can greatly spoil your mood.

American Forex Trading Session

The opening time of the American trading session in New York is at 16:00 Moscow time. At 02 o'clock Moscow time, the end of the session in Chicago.

Although it is generally accepted that the American trading session is the most volatile, I can only partially agree with this judgment. Perhaps it is made volatile by the news, maybe the most important ones, they come out exactly during the American session and pairs fly at 100 pp, but for me this is not an indicator, because I don’t trade on news and I don’t advise you.

In the American session, you can trade pairs in which USD (American dollar) is present.

I wrote it and was afraid to be misunderstood. When I write "you can trade during such a session ...", this does not mean at all that it is forbidden to trade with other pairs. You can trade anything and whenever you want, it's all about volatility. If it is not there, then trade turns into hard labor.

Brief summary

Summing up this part of the article, you should have realized that trading is much more pleasant when the pairs are moving, and not when the pairs are barely moving. Why, at the beginning of the article, I asked the question: "We all know that you can trade 24 hours a day, but is it worth it? Is it worth overtrading?" very, very difficult.

Knowing the opening time of trading sessions is not only necessary to know, but also applied in your work. It's good if you are able to pull yourself together, even in the most critical situations, but I know a lot of traders who, having received one stop, begin to rush into winning back. Of course, there will be problems with such trading in any session, but if, in addition, currency pairs do not move, then this is generally a guard and an undermining of the psychological state.

Of course, there are a bunch of traders who are able to determine the direction of the existing trend and trade regardless of volatility, but I prefer that currency pairs were more active, you decide for yourself how to trade.

Conclusion on trading sessions

Now you know the opening times of the main trading sessions of the Forex market and you can independently determine your working hours. After reading the article, you can independently determine which of the sessions and what to trade and, most importantly, what to expect (I mean the number of points).

During the writing of this article, I have often mentioned the word "volatility". If you are not familiar with this concept, I suggest reading this article, from which you will learn what volatility is, how it is calculated and where you can view hourly data.

Summing up, I would like to say the following: "You can only make money on a volatile market." At least this is logical, if the currency pair does not move, then there will be no place to make money.

I will end on this. Good luck to all of us and more profit !!!

The Forex market is traded around the clock, but since in different countries banks work 6-8 hours local time, trading sessions appear. Conventionally, there are 4 of them, although some argue that there are only 3 of them, not taking into account the important Pacific session.

Asian session

The opening of Asia begins at the same time as the opening of the banking day in Tokyo. The session starts at 03:00 Moscow time *. Following Tokyo, the day opens in Hong Kong and Singapore at 04:00 am. Tokyo closes at 11:00, Hong Kong and Singapore at 12:00. If we do not take into account the possible overlap of sessions, the Asian session starts at 03:00 and ends at 12:00.

Since Tokyo enters the market during the Asian session, it is logical to assume that there is active trade those pairs that have any Asian currencies in their ticket - Japanese yen, Chinese yuan, Singapore dollar and Hong Kong dollar. The rest of the currency pairs are in flat, as the banking day in other regions has not yet begun.

If you trade in the morning, you trade in the Asian session (if you trade on the RTS-MICEX, there is a separate Moscow session from 10 am), the best currencies for trading will be the Japanese yen and the Chinese yuan against the US dollar. I do not recommend trading crosses such as HKD / JPY or CNY / JPY. If the central banks of Japan and Hong Kong are working at the same time, there will be a lot of noise in the market, it is better at this time to trade these currencies against the US dollar.

* Indicated winter time (astronomical).

European session

The opening of Europe takes place at 09:00, in Frankfurt, Zurich and Paris. An hour later, at 10 am, the London Stock Exchange opens. The chip of Forex is its decentralization, it always has high liquidity due to the pooling of liquidity. Closing of Frankfurt, Zurich and Paris takes place at 17:00, London at 18:00. Based on this, the European session starts at 09:00 and ends at 18:00 Moscow time.

During this time, such major currencies as the euro, pound and franc, as well as the Norwegian and Danish krone are traded. During European session the volatility of the above currencies is as high as possible. With short periods of time, a lot of medium-strength news is released, as well as several strong news per day.

During the work of Europe, you should take a closer look at those currency pairs whose countries have already entered the market, as well as those outside the market, for example, euro / dollar, pound / dollar, euro / yen. This criterion for selecting pairs by trading time should be known to any trader, this will protect against unnecessary random fluctuations.

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American session

The US market opens in New York at 4:00 pm, then in Chicago at 5:00 pm. America closes at 00:00 and 01:00, respectively. The range of the American session is 16: 00-01: 00. The maximum "malice" of the market occurs at 16: 00-17: 00, New York and Chicago block London on the Forex spot market.

During the American session, only American currencies should be considered for trading. It is best to work with the dollar and the Canadian dollar. Basically, the US dollar is in the place of the second quote, for the convenience of calculating the volume. Any currencies with US dollar and Canadian dollar are suitable for the American session.

Pacific session

Opening takes place in Wellington at 00:00, then in Sydney at 01:00. The Australian and New Zealand dollars are traded on the Sydney Stock Exchange, and there is also a news block on these currencies. Closing of the session closer to the morning - 08:00 and 09:00. Pacific session time is 00: 00-09: 00.

The Australian and New Zealand dollars may have the best trading opportunities against currencies not being traded during this session. I recommend trading and. The news on these currencies is often very strong, and it is also influenced by the news on China, so the movement may intensify in the Asian session.

Study the economic calendar carefully to learn how to predict strong price movements in the currencies being traded. Today there are a lot of methods for working on news, I recommend reading the powerful strategy that I use, following the link -.

Best regards, Alexander Ivanov

The American trading session is the largest in terms of trading volumes and the strength of market movements. Undoubtedly, this is due to the leading positions of the entire American economy in relation to the economies of other countries.

Knowledge of the basic laws of the American market will be useful for developing and improving a trading strategy, and their correct application can bring great profits.

Opening hours of the American trading session

Working hours of the American trading session in Moscow (Moscow time) - from 16:00 to 23:00.

The American Trading Session is formed by the activity of the two largest financial platforms, New York and Chicago.

At 16:00 Moscow time (MSK), the world's largest market opens -. Hundreds of multinational giants are also opening their offices. After an hour of trading at 17:00, another powerful trading center - the Chicago Mercantile Exchange, or, as it is also called, the Commodity Exchange, enters the American trading. So in America "raw materials find money, and money finds goods."

An even greater activity of the American trading session is given by the overlap of the start time of the US floor and the end time of trading in London, which occurs from 16:00 to 18:00 (MSK).

Active trading with high volatility continues for almost the entire period of the session and weakens only at 23:00 Moscow time, when financial institutions in New York, including the stock exchange, stop working. After 1 hour (Moscow time) the same thing happens in Chicago, after which the trade in the American market can be considered completely completed.

Stock market assets

The American trading session opens at 16:00 Moscow time and ends at 23:00. At this time, trading takes place on the largest exchanges in the USA, Mexico, Brazil, Canada. At 16:00 trading opens in New York on NYSE, AMEX, NASDAQ and NYMEX, and at 17:00 trading opens in Chicago, on the CME Group exchanges.

In Canada, during the American trading session, trading opens on the TSE and CSE exchanges in Toronto, ME in Montreal. At the same time, trading starts on the Mexican stock exchange BMV.

During the American trading session, the largest stock exchanges in Brazil also start trading: Bovespa in Sao Paulo, as well as BVRJ in Rio de Janeiro.

During this period, the following key indices are traded:

NASDAQ- a group of stock indices of five thousand companies included in the listing of the exchange with the same name.
HAH- an index traded on AMEX and reflecting the dynamics of the prices of shares and depositary receipts of all companies traded on the exchange.
Dow jones- one of the largest US indices, which includes securities of organizations in almost all industries, except for transport and utilities.
S&P 500- an index of shares of the 500 largest companies on the NYSE and NASDAQ.
S & P / TSX- an index of companies with high capitalization, securities of which are traded on the TSE.
Mex IPC- Mexican stock index, which includes securities of 35 large companies traded on the Mexican BMV.
BOVESPA- Brazilian index based on the securities of 71 large companies, traded on the exchange with the same name.

Thus, the American trading session takes place during the work of the world's largest stock exchanges, on which most of the most significant stock indices are traded.

Currency pairs of the American trading session on Forex

The highest volatility during the American session is observed in pairs that include the currency of one of the countries of this session:

Pairs with US dollar:

AUD / USD - with the Australian dollar
EUR / USD - from euro
GBP / USD - with pound sterling
NZD / USD - with the New Zealand dollar
USD / BGN - Bulgarian lev
USD / CAD - with Canadian dollars
USD / CHF - with Swiss franc
USD / CZK - with Czech koruna
USD / DKK - with Danish krone
USD / HKD - with Hong Kong dollar
USD / HUF - with Hungarian Forint
USD / ILS - with Israeli Shekel
USD / JPY - with the Japanese yen
USD / MXN - with Mexican peso
USD / NOK - with Norwegian krone
USD / PLN - with Polish zloty
USD / RON - with Romanian lei
USD / RUB - with the Russian ruble
USD / SEK - with Swedish krona
USD / SGD - with Singapore dollar
USD / TRY - with Turkish Lira
USD / ZAR - with South African rand

Pairs with Canadian dollars:

AUD / CAD - with the Australian dollar
CAD / CHF - with Swiss franc
CAD / JPY - with Japanese yen
EUR / CAD - from euro
GBP / CAD - with pound sterling
NZD / CAD - with New Zealand dollar

The volatility of the Euro-Mexican Peso pair is also increasing.

Features of trading in the American trading session

The American session is considered the most active period in Forex trading. The largest trading volumes occur in the first two hours of the American session, when New York and London are trading simultaneously.

This period starts at 16:00 Moscow time and ends at 18:00 when trading in London closes. The opening of trades in this session usually causes a significant increase in activity in the market, since this time coincides with the publication of the main economic reports in the United States.

During this session, you need to be extremely careful when trading currency pairs with the Canadian and US dollars, since high volatility leads to sharp jumps.

The American session, especially its beginning, is considered best time for making scalping deals, since you can earn decent profit on strong movements literally in minutes.

After 18:00, the market may experience sharp unexpected jumps caused by the actions of large American players, often working together and trying to maximize profit by reducing the number of players on the market after the close of European trading.

Before the weekend, during the American trading session, a pullback is usually observed in the main trends, since Japanese investors do not trade, European investors leave for the weekend, and American investors are trying to lock in profits and not leave positions for the next week.

Conclusion

The American trading session is the most volatile part of the entire trading period. During this period, it is worth making transactions with caution, since powerful movements caused by large players are not uncommon.

This session is best suited for scalpers because of the sufficiently strong fluctuations within the day, when a sufficiently large movement can be taken in a short period.

You should be most attentive to the assets, in one way or another, associated with the US dollar, and accordingly, follow the US news, published mainly at the beginning of the session.

If you find an error, please select a piece of text and press Ctrl + Enter.

The working hours of the Forex currency exchange, as you know, are round the clock, with a break on weekends, i.e. on Saturdays and Sundays. We also note that in some states, trading sessions may not even be held.

Today, there are four main trading sessions:

American (New York and Chicago),

Today we want to understand what the American trading session is.

What is the American Trading Session? Session opening hours and recommended currency pairs

In the Forex market, the American trading session is essentially a session represented by two, located in New York and Chicago, where the dollar is the main currency, and news coming out in the US affects the dynamics of almost all currency pairs. The economic situation emerging in the United States has a very great influence directly on the trading process of this session, and when dealing directly with this state, there is always a strong reaction to them from all trading participants and very sharp jumps in exchange rates.

An equally important aspect is the opening time of the trading session in America - 16:00 (MSK) in New York and 17:00 (MSK) in Chicago. The working hours of this trading session lasts until 01:00 (MSK).

During the American session, in addition to the dollar, the European currency is also very actively traded. at this time dealers from Europe are returning from their lunch break. Among other things, their colleagues from the USA, large banking institutions, very aggressive American ones, as well as others interested in the speculative process on the stock exchange, firms and companies are also involved in the case. during this period, as a rule, quite important American statistics are released.

In addition, pay attention to the time when the close of the trading session in Europe (19:00 (MSK)). During this period, American traders still continue to work and, as a rule, remain alone on the stock exchanges.

Often these players use a "thin" market and in the absence of liquidity are able to significantly promote currencies in their own interests. Immediately, we note that the strengths of both American and European banking institutions are approximately at the same level, for this reason, there are no strong changes in the market when the sessions work (if we compare the American and European sessions). But at the same time, as we noted above, the closing of the European session, and especially before the weekend, can greatly increase.

The American trading session is the “hottest” time in the Forex market. Right from the beginning of the session, there is an active saturation of the market with liquidity and trading in fairly large volumes. The reason for this is quite simple - the European and American sessions are overlapping each other.

In addition, there is an overlap of time of publication of important news and reports:

in Europe in the afternoon,
and in the USA - in the morning.

During this period, significant reversals and fluctuations of the main currency pairs are observed in the Forex market. The American trading session differs from others in increased aggressiveness and unpredictability, therefore, experienced traders recommend taking care of adhering to the basic rules of risk management.

For example, the trends that began during the session in Europe could completely, and dramatically, change when the big traders from America come into play.

The main currencies at the American session are:

and CHF.

And here are the main currency pairs for transactions:

- EUR / CHF, EUR / JPY,

- then EUR / USD, GBP / USD,

- and no less important USD / JPY, GBP / JPY.

Since the American currency is one of the most popular, during the American session, significant fluctuations will be experienced during its time.

Although the American trading session and the European one overlap by only two hours, this period of time of work on Forex is the most active. This period of time is so dynamic that it is often capable of changing the trend in the completely opposite direction, which was determined in the morning.

Which session is better to trade? Let's figure it out together.

What are the main features to consider when trading in the American trading session?

Next, we will tell you about the main features prevailing in the American trading session. So, the American trading session is divided into two parts in the Forex market. The first of them is dependent on fundamental factors, and the second allows you to carry out transactions through.

During the onset of the American session, higher liquidity is observed, since on it there is an overlap (by working time) of the trading session in Europe. We also note that most of the important news related to the US economy is published precisely at the beginning of trading on the New York Stock Exchange, and since the USD is one of the main exchange currencies, these publications significantly affect and affect the dynamics of almost all currency pairs.

Due to the fact that the US currency unit at this time appears in the market in a huge number of transactions, most of its participants will be forced to turn their attention to the released economic data of the United States. In cases where these data are either better or worse than expected, they can sharply shake up the market and arrange a real "roller coaster" for the dollar rate.

Also to the specifics of the American session can be attributed to the fact that the revival on it lasts until about 18:00, after which you can observe some decline. At the same time, there can be observed sharp exchange rate fluctuations arising under the influence of large players from the United States, who often play a team game. Particularly large spikes are observed between 4:00 and 6:00 pm, when the market includes both the London and New York trading floors. During this period, most traders try to squeeze the maximum out of the market and then close their positions without carrying them over to the next trading day.

What trading methods are best used during the American session?

The period of the American session is considered the best - in a matter of minutes, some traders manage to take a fairly large profit. Today, scalping is one of the most common types of strategies, especially among novice traders, which is why it gained popularity in the American trading session.

It is generally accepted that during the American session there are sharper jumps in the exchange rates than in the Asian or European one. This is especially true around 11:00 pm (MSK), when the clock in New York is at 3:00 pm. By this time, the market participants are becoming much smaller and price and trading activity is declining - large traders from Europe have already finished their working day, as a rule, only US banks remain, which allows them to change exchange rate to either side, spending much smaller amounts for this.

Before the weekend (on Friday), the activity in the American trading session is decreasing, because Japanese traders are absent, and European (in predominant numbers) are trying to leave early for the weekend. In addition, the majority of American stock market players on Friday try to fix the already existing profits before the weekend, so a significant pullback can be observed in the main trends.

The US was, and remains at this stage, one of the most liquid markets. The money turnover made during the trading session in America is simply amazing in terms of its size. At this time, those who love and have a desire to take part in the tasty pie section prefer to trade on Forex, at a time when the largest number of hungry mouths are gathered at one table. Trading in such a market is very specific, because during the American session, the most powerful price movements can be observed.

What you need to know during the trading period of the American trading session?

What currency pairs are better to trade when the trading session is open in America? During the period of simultaneous work and the session in Europe and the American session, all pairs can be used for trading, since in Forex during this period there is the greatest liquidity. At the same time, experts recommend that it is better to pay special attention to major `s, as well as their cross, keeping away from the so-called exotic currencies.

When exactly to trade in the American session?

If your trading takes place on daily charts or on H4, then simply open or close your positions by the end of the current daily candle and during trading sessions special attention do not pay. If your trading is carried out within the day (the period on the charts is 1 hour or less), then it is better to conduct your activity during the beginning of the American session and in the next 2-3 hours of its work. Then it is best to close the existing deals and start trading only the next day.

To avoid confusion in the opening and closing times of different trading sessions, since we all live in different time zones, and some countries also make the transition from summer to winter time, and then back again, you can use the services of free services, for example: “ Trading session calendar».

It is presented in the form of a table, where colors indicate the duration of each session during the day, i.e. the beginning and end of her work. Here you can also use the indicator for trading sessions, for example, one of the most popular today - "I-sessions". This indicator is installed on the MT4 terminal like any others. After that, set the start time and close the sessions in accordance with the working hours of your broker (set the hours in the "Market Watch" window).

The indicator on the chart will display the periods of each of the sessions in different colors, as well as show in points how far the price has traveled during the session.

If you trade on the Forex exchange, it is very important to follow the schedule of trading sessions. Although such indicators are an additional tool, they are not at all superfluous in their work.

This is really important! All about trading sessions