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Chapter 4, Part I. Trading sessions Page 2

Discussion in 'Complete Trading Education- Forex Military School' started by Sive Morten, Dec 14, 2013.

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  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Pipruit:Well, I prefer to see some movement, of course, better upward. But downward is not bad also.​

    Commander in Pips:And how do you intend to recognize the right times for market movement?

    Pipruit:Well, I don’t know…​

    Commander in Pips:That’s why it will be the next lesson. Ok, let go through it…

    Before shifting to investigating the most acceptable time for your trading, let’s take a look at the entire FOREX trading day. Market participants mark out four different parts of it. These parts are called “trading sessions”. These are: the Sydney session, the Tokyo session, the London session and the New York session. Although there are 4 trading sessions, it does not mean that each one continues for 6 hours. These sessions are crossed among themselves, or we might say, the sessions overlap each other. Furthermore, you know that during the winter time most countries have to adjust clocks for winter time, so as in other countries. That leads to some shifting in times of different trading sessions so the degree of overlapping could be different, depending on time of the year. So, let’s take a look at the timing of different trading sessions:

    Summer (Northern Hemisphere)

    Time ZoneEDTGMT
    Sydney Open Sydney Close6:00 PM 3:00 AM10:00 PM 7:00 AM
    Tokyo Open Tokyo Close7:00 PM 4:00 AM11:00 PM 8:00 AM
    London Open London Close3:00 AM 12:00 PM7:00 AM 4:00 PM
    New York Open New York Close8:00 AM 5:00 PM12:00 PM 9:00 PM


    Winter

    Time ZoneESTGMT
    Sydney Open Sydney Close4:00 PM 1:00 AM9:00 PM 6:00 AM
    Tokyo Open Tokyo Close6:00 PM 3:00 AM11:00 PM 8:00 AM
    London Open London Close3:00 AM 12:00 PM8:00 AM 5:00 PM
    New York Open New York Close8:00 AM 5:00 PM1:00 PM 10:00 PM
    In fact, this division into different trading sessions is mostly relative. What does it mean, for example, the end of Tokyo session - all Japanese are going to bed? Of course not! This time just approximately indicates the reduction of trading activity in a particular region.
     
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