The London session closes at 1600hrs GMT. London is a major global financial hub and is used as the reference for all major European financial centres. This is the biggest forex trading session, accounting for over 32% of all activity. The London session opens at 0800hrs GMT, just as the Tokyo session closes. Forex traders should also watch out for news releases from central banks and statistics agencies in Australia, New Zealand, and Japan. The best currencies to trade during the Asian session include the Japanese yen, Australian dollar, and New Zealand dollar. Most activity during the Asian session happens during the early hours when relevant economic news releases are scheduled. The low liquidity also means that currency pairs are generally traded with relatively wider spreads. The Asian session is usually characterized by thin liquidity, with most pairs generally trading within a range. The Asian session runs up to the Tokyo close at 0800hrs GMT.

Although it is referred to as Sydney open, it is actually the time when the New Zealand financial markets open. The Asian session starts with the Sydney market opening at 2200hrs GMT. Here are the different characteristics of different trading sessions: This is why Forex is usually referred to as the 3-session market: Asian, London, and New York. Both the Sydney and Tokyo sessions are customarily referred to as Asian sessions. There are generally four main trading sessions: the Sydney session, Tokyo session, London Session, and the New York session. To establish the best times to trade as well as the best forex assets to trade, it is important to understand the different forex trading sessions. Volatility varies during different times of the day because of different forex trading sessions. The forex market is open 24 hours a day during weekdays, but this does not necessarily mean that you should trade forex assets at any time, or all day. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.In Forex, time is money, literally. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management.

You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The high degree of leverage can work against you as well as for you.

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Forex session times