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Learning to trade in the Forex market
When is the Forex market open? What are the major market sessions? Asia-Pacific:This market tends to open Monday morning when Wellington opens, as it is the first financial trading center West of the international dateline. The trading volumes in the Asia-Pacific account for 21% of the total global volume. Most of the trading action that takes place during this session has to do with Yen pairs. This is because of the size of the Japanese market and the importance of it. Yen pairs most often seen traded during this session include the yen with the US dollar, or the yen and the Euro, etc. The price movements during this session often indicate what the Japanese market is doing. When this market opens on Monday morning, it reacts to news and events that occurred over the weekend. European/London: This is the largest of the trading sessions, and accounts for over 50% of the total daily global trading volume. This session overlaps with the Asian session and the North American session. Because of this overlap, this session is when the market as a whole sees peaks in interest and liquidity. The biggest moves, and largest trades typically occur during this session. North America: Although this session is smaller than the European/London session, it still has significant volumes due to the overlap with the European trading session, and makes up 22% of the global daily training session. |
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