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  1. #1
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    Mặc định When Can You Trade Forex?

    Trading Sessions

    Now that you know what forex is, whyyou should trade it, and who makes up the forex market, it's about time you learned when you can trade.
    Yes, it is true that the forex market is open 24 hours a day, but that doesn't mean it's always active the whole day.
    You can make money trading when the market moves up, and you can even make money when the market moves down.
    BUT you will have a very difficult time trying to make money when the market doesn't move at all.
    And believe us, there will be times when the market is as still as the victims of Medusa. This lesson will help determine when the best times of the day are to trade.



    Market Hours

    Before looking at the best times to trade, we must look at what a 24 hour day in the forex world looks like.
    The forex market can be broken up into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Below is a table of the open and close times for each session:

    You can see that in between each session, there is a period of time where two sessions are open at the same time. From 2:00-4:00 am EST, both the Tokyo and Sydney markets are open, and from 8:00-12:00 am EST, both the London and New York markets are open.
    Naturally, these are the busiest times during the market because there is more volume when two markets are open at the same time. This makes sense because during those times, all the market participants are wheelin' and dealin', which means that more money is transferring hands.
    Let's take a look at the average pip movement of the major currency pairs during each trading session.

    From the table, you will see that the European session normally provides the most movement.
    Let's take a more in depth look at each of the session, as well as those periods when the sessions overlap.


    Lập kế hoạch trước khi giao dịch và giao dịch theo kế hoạch

  2. #2
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    Mặc định Ðề: When Can You Trade Forex?

    Tokyo Session


    The opening of the Asian session at 7:00 pm EST marks the start of the forex clock. You should take note that Tokyo session is sometimes referred to as the Asian session, because Tokyo is the financial capital of Asia.
    One thing worth noting is that Japan is the third largest forex trading center in the world.
    This shouldn't be too surprising since the yen is the third most traded currency, partaking in 16.50% of all forex transactions. Overall, about 21% of all forex transactions take place during this session.
    Below is a table of the Asian session pip ranges of the major currency pairs.




    Here some key characteristics that you should know about the Tokyo session:
    • Action isn't only limited to Japanese shores. Tons of forex transactions are made in other financial hot spots like Hong Kong, Singapore, and Sydney.
    • The main market participants during the Tokyo session are commercial companies (exporters) and central banks. Remember, Japan's economy is heavily export dependent and, with China also being a major trade player, there are a lot of transactions taking place on a daily basis.
    • Liquidity can sometimes be very thin. There will be times when trading during this period will be like fishing - you might have to wait a long, long time before getting a nibble.
    • It is more likely that you will see stronger moves in Asia Pacific currency pairs like AUD/USD and NZD/USD as opposed to non-Asia Pacific pairs like GBP/USD.
    • During those times of thin liquidity, most pairs may stick within a range. This provides opportunities for short day trades or potential breakout trades later in the day.
    • Most of the action takes place early in the session, when more economic data is released.
    • Moves in the Tokyo session could set the tone for the rest of the day. Traders in latter sessions will look at what happened during the Tokyo session to help organize and evaluate what strategies to take in other sessions.
    • Typically, after big moves in the preceding New York session, you may see consolidation during the Tokyo session.
    Which Pairs Should You Trade?

    Since the Tokyo session is when news from Australia, New Zealand, and Japan comes out, this presents a good opportunity to trade news events. Also, there could be more movement in yen pairs as a lot of yen is changing hands as Japanese companies are conducting business.
    Take note that China is also an economic super power, so whenever news comes out from China, it tends to create volatile moves. With Australia and Japan relying heavily on Chinese demand, we could see greater movement in AUD and JPY pairs when Chinese data comes in.


    Lập kế hoạch trước khi giao dịch và giao dịch theo kế hoạch

  3. #3
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    Mặc định Ðề: When Can You Trade Forex?

    London Session


    Just when Asian market participants are starting to close shop, their European counterparts are just beginning their day.
    While there are several financial centers all around Europe, it is London that market participants keep their eyes on.
    Historically, London has always been at a center of trade, thanks to its strategic location. It's no wonder that it is considered the forex capital of the world with thousands of businessmen making transactions every single minute. About 30% of all forex transactions happen during the London session.
    Below is a table of the London session pip ranges of the major currency pairs.






    Here are some neat facts about European session:
    • Because the London session crosses with the two other major trading sessions--and with London being such a key financial center--a large chunk of forex transactions take place during this time. This leads to high liquidity and potentially lower transaction costs, i.e., lower pip spreads.
    • Due to the large amount of transactions that take place, the London trading session is normally the most volatile session.
    • Most trends begin during the London session, and they typically will continue until the beginning of the New York session.
    • Volatility tends to die down in the middle of the session, as traders often go off to eat lunch before waiting for the New York trading period to begin.
    • Trends can sometimes reverse at the end of the London session, as European traders may decide to lock in profits.
    Which Pairs Should You Trade?

    Because of the volume of transactions that take place, there is so much liquidity during the European session that almost any pair can be traded.
    Of course, it may be best to stick with the majors (EUR/USD, GBP/USD, USD/JPY, and USD/CHF), as these normally have the tightest spreads.
    Also, it is these pairs that are normally directly influenced by any news reports that come out during the European session.
    You can also try the yen crosses (more specifically, EUR/JPY and GBP/JPY), as these tend to be pretty volatile at this time. Because these are cross pairs, the spreads might be a little wider though.


    Lập kế hoạch trước khi giao dịch và giao dịch theo kế hoạch

  4. #4
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    Mặc định Ðề: When Can You Trade Forex?

    New York Session


    Right as European traders are getting back from their lunch breaks, the U.S. session begins at 8:00 am EST as traders start rolling into the office. Just like Asia and Europe, the U.S. session has one major financial center that the markets keep their eyes on. We're talking of course, about the "City That Never Sleeps" - New York City baby! The concrete jungle where dreams are made of!
    Below is a table of the New York session pip ranges of the major currency pairs.



    Here are some tips you should know about trading during the U.S. session:
    • There is high liquidity during the morning, as it overlaps with the European session.
    • Most economic reports are released near the start of the New York session. Remember, 90% of all trades involve the dollar, so whenever big time U.S. economic data is released, it has the potential to move the markets.
    • Once European markets close shop, liquidity and volatility tends to die down during the afternoon U.S. session.
    • There is very little movement Friday afternoon, as Asian traders are out singing in karaoke bars while European traders head off to the pub to watch the soccer match.
    • Also on Fridays, there is the chance of reversals in the second half of the session, as U.S. traders close their positions ahead of the weekend, in order to limit exposure to any weekend news.
    Which Pairs Should You Trade?

    Take note that there will be a ton of liquidity as both the U.S. and European markets will be open at the same time. You can bet that banks and multinational companies are burning up the telephone wires. This allows you to trade virtually any pair, although it would be best if you stuck to the major and minor pairs and avoid those weird ones.
    Also, because the U.S. dollar is on the other side of the majority of transactions, everybody will be paying attention to U.S. data that is released. Should these reports come in better or worse than expected, it could dramatically shake up the markets, as the dollar will be jumping up and down.


    Lập kế hoạch trước khi giao dịch và giao dịch theo kế hoạch

  5. #5
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    Mặc định Ðề: When Can You Trade Forex?

    Session Overlaps


    Quick pop quiz! What time of the day are TV ratings highest? If you said during prime time, then you would be correct!
    What does this have to do with trading sessions? Well, just like TV, "ratings" (a.k.a. liquidity) are at their highest when there are more people participating in the markets.
    Logically, you would think that this happens during the overlap between two sessions. If you thought that way, you'd only be half right. Let's discuss some of the characteristics of the two overlap sessions to see why.
    Tokyo - London Overlap

    Liquidity during this session is pretty thin for a few reasons. Typically, there isn't as much movement during the Asian session so, once the afternoon hits, it's pretty much a snooze fest. With European traders just starting to get into their offices, trading can be boring as liquidity dries up.
    This would be an ideal time to take a chill pill, play some putt-putt or look for potential trades to take for the London and New York sessions.



    London - New York Overlap

    This is when the real shebang begins! You can literally hear traders crack their knuckles during this time, because they know they have their work cut out for them. This is the busiest time of day, as traders from the two largest financial centers (London and New York) begin duking it out.
    It is during this period where we can see some big moves, especially when news reports from the U.S. and Canada are released. The markets can also be hit by "late" news coming out of Europe.
    If any trends were established during the European session, we could see the trend continue, as U.S. traders decide to jump in and establish their positions after reading up what happened earlier in the day. You should watch out though, at the end of this session, as some European traders may be closing their positions, which could lead to some choppy moves right before lunch time in the U.S.


    Lập kế hoạch trước khi giao dịch và giao dịch theo kế hoạch

  6. #6
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    Mặc định Ðề: When Can You Trade Forex?

    Best Days of the Week to Trade

    So now we know that the London session is the busiest out of all the other sessions, but there are also certain days in the week where all the markets tend to show more movement.
    Below is a chart of average pip range for the major pairs for each day of the week:



    As you can see from the chart above, it would probably be best to trade during the middle of the week, since this is when the most action happens.
    Fridays are usually busy until 12pm EST and then the market pretty much drops dead until it closes at 5:00 pm EST. This means we only work half-days on Fridays.
    The weekend always starts early! Yippee!
    So based on all these, we've learned when the busiest times of the market are. The busiest times are the best times to trade because they give you a higher chance of success.
    Managing Yo Time Wisely

    Unless you're Edward Cullen, who does not sleep, there is no way you can trade all sessions. Even if you could, why would you? While the forex market is open 24 hours daily, it doesn't mean that action happens all the time!
    Besides, sleep is an integral part of a healthy lifestyle!
    You need sleep to recharge and have energy so that you can do even the most mundane tasks like mowing the lawn, talking to your spouse, taking the dog for a walk, or organizing your stamp collection. You'll definitely need your rest if you plan on becoming a hotshot trader.
    Each trader should learn when to trade.
    Actually, scratch that.
    Each trader should know when and when NOT to trade.
    Knowing the optimal times you should trade and the times when you should sit out and just play some Plants vs. Zombies can help save you a pound of moolah (pun intended).


    Here's a quick cheat sheet of the best and worst times to trade:
    Best Times to Trade:

    • When two sessions are overlapping of course! These are also the times where major news events come out to potentially spark some volatility and directional movements. Make sure you bookmark the Market Hours cheat sheet to take note of the Opening and Closing times.
    • The European session tends to be the busiest out of the three.
    • The middle of the week typically shows the most movement, as the pip range widens for most of the major currency pairs.
    Worst Times to Trade:

    • Sundays - everyone is sleeping or enjoying their weekend!
    • Fridays - liquidity dies down during the latter part of the U.S. session.
    • Holidays - everybody is taking a break.
    • Major news events - you don't want to get whipsawed!
    • During American Idol, the NBA Finals, or the Superbowl.
    Can't seem to trade during the optimal sessions? Don't fret. You can always be a swing or position trader. We'll get back to that later.


    Lập kế hoạch trước khi giao dịch và giao dịch theo kế hoạch

  7. The Following User Says Thank You to GoldKing For This Useful Post:

    kieugold (02-02-2012)

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    Mặc định Ðề: When Can You Trade Forex?

    Theo e bai nay qua hay rui.Cam on GoldKing rat nhieu
    Chuc a co nhung ngay cuoi tuan vui ve va hanh phuc

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    Mặc định Ðề: When Can You Trade Forex?

    Trích Nguyên văn bởi chauhuydat Xem bài viết
    Theo e bai nay qua hay rui.Cam on GoldKing rat nhieu
    Chuc a co nhung ngay cuoi tuan vui ve va hanh phuc
    Lần sau nhớ gõ cả dấu nữa nhé !!!!
    ____________________________



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    Ngan hang
    thay đổi nội dung bởi: chieuhado, 06-04-2011 lúc 13:17


 

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