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The Forex Market Hours

London Forex Open FOREX MARKETHOURS UNDERSTANDING THE TRADING SESSIONS OF THE BIGGESTGLOBALFINANCIAL MARKET The Forex Market is the largest financial market on the planet in terms of the value of transactions that take place with in excess of 4 trillion US dollars being exchanged each day. The foreign exchange market (FOREX) lacks a single static exchange. Instead it is made up of a network of electronically interlinked banks and computerised exchanges. These are help to facilitate trading around the clock. Transactions can be conducted anytime 24 hours per day during the trading week. KEY SESSIONS Peak trading activity is however defined by the trading times of the regional financial markets. Each day is divided into four distinct trading sessions. These are linked with the opening hours of the major financial exchanges of each region. GLOBAL TRADINGHOURS 0:00-09:00 13:00-22:00 K 08:00-17:00 22:00-07:00 Note: Graphic uses UK time. FOREX MARKETSESSIONS 0 1 2 3 45 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 LONDON NEWYORK PACIFIC ASIA Trading sessions often overlap. At these times the volume of currency transactions increases raising market volatility. An example of this is when the US markets open midway through the London session. TRADING SESSIONS CHARACTERISTICS £) LONDON SESSION The London Forex trading session is generally regarded as one of the most important of the day. It is the būsiest session as it also encompasses the opening of the European markets. It sees the largest volume of any session. $) NEW YORK SESSION The New York session is the second busiest session in terms of volume of transactions. It opens midway though the London trading hours. It is at this point when both volatility and trading volume normally peak. $) PACIFICSESSION The Pacific session has become increasingly important in recent years. The majority of trading during this time centers on the Australian Dollar and New Zealand dollar. It overlaps with the Asian session. ¥) ASIAN SESSION The Asian session starts with the opening of the Tokyo financial markets and sees heavy focus on the Yen. MOST TRADEDGLOBAL CURRENCY BY VOLUME* MAJOR CURRENCIES The dominant currency traded is the US dollar which is involved in over 84.9% of all traded transactions USD EUR YEN GBP AUD CHF CAD HKD SEK I NZD The Euro, Yen and the British Pound take up the next three top spots. These four currencies are referred to as the 'Majors'due to the prominence in the majority of currency transactions that take place. The total percentage of currencies listed mounts to 200% as a result of a currency being brokered on both sides of an exchange transaction. Other 10 20 30 40 50 60 70 80 90 London Forex Open www.londonforexopen.com References http://en.wikipedia.org/wiki/Foreign_exchange_market http://www.bis.org/publ/rpfx10.htm http://www.londonforexopen.com/forex-market-hours/

The Forex Market Hours

shared by LondonForex on Nov 13
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The currency markets the largest financial markets in the world and are traded around the clock. They are split into four distinct sessions which coincide with the major financial regions around the globe.

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Phillip Moore

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Business
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