This allows brokers and traders worldwide to trade 24 hours a day, with the involvement of central banks all over the world. It is the time when forex traders are capable to buy, sell, exchange and speculate the currency values. International currency markets are composed of central banks, retail forex brokers, investors, banks, investment management firms, commercial companies, and hedge funds.
The above time periods are considered to be the busiest ones, for the reason that there is more volume when two markets are open at the matching time. Through this period of time, more and more trading deals are been held, meaning more funds are being exchanged. Note that Sydney open shifts 2 hours. Hypothetically the session open would only move by 1 hour when New York changes to standard time, however when New York moves 1 hour back, Sydney actually moves forward by 1 hour as the seasons are opposite in Australia.
Traditionally, the trading session is opened by the Wellington, Sydney and Japan exchanges. Immediately after them begin their work exchange in Hong Kong and Singapore. Practice shows that the period from 23:00 to 07:00 hours Moscow time is one of the quietest hours in the financial markets. Significantly increased business activity in the financial markets with the beginning of the work of European stock exchanges is 09: 00-10: 00 hours Moscow time.
A further increase in activity occurs with the opening of the London trading session at 10:00 Moscow time. The European trading session is quite active, however, even more activity adds to the market for American players.
|New York Open/Close||08:00-17:00||12:00-21:00|