Myles Posted May 16, 2020 Share Posted May 16, 2020 Help me with this, please. Quote Link to comment Share on other sites More sharing options...
0 Brandon Posted May 17, 2020 Share Posted May 17, 2020 Hello Myles, Forex, being a 24-hour market, allows you to trade at any day and time of the week. While selling in a forex market, you must time yourself so that you may make significant profits. Though Forex is a 24-hour market, it does not mean that the market is active throughout the day. Meaning you can not make money when the market is stagnant. Forex market consists of four prime trading sessions; the Tokyo session, the London session, the Sydney session, and the New York session. Also referred to as the Asian session, the Tokyo session is called so since Tokyo is the Asian financial capital. The main participants in this session are the central banks and exporters. Liquidity in the Tokyo session may also be less. When the Tokyo session is closing, that’s the time the London session begins to operate. London’s strategic location makes it the center of trades. The London session is the most volatile thanks to the many transactions that take place through it. The New York session is popularly known for markets always keeping their eyes on it. In the morning, the liquidity is usually high, as this session will be overlapping the London session. When the New York session is beginning, that's when there is a release of many economic reports. You must study the market sessions well and know the one that is most convenient for you. Quote Link to comment Share on other sites More sharing options...
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Myles
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