Post by traderAllen on Nov 15, 2014 14:34:01 GMT -5
London Session opens 3:00 am – 5:30: am EST
New York Session opens 8:00 am – 10:45 am EST
As a scalper you only want to trade the most liquid markets. These markets are usually in the major currency pairs, such as EUR/USD or USD/JPY. Also, depending on the currency pair, certain sessions may be much more liquid than others. Even though the forex markets are trading for 24 hours a day, the volume is not the same at all times of the day. Usually, when London opens at around 3am EST, volume picks up as London is the major trading center for forex trading. At 8am EST, New York opens and adds to the volume that is being traded. Thus when two of the major forex centers are trading this is usually the best time for liquidity.
New York Session opens 8:00 am – 10:45 am EST
As a scalper you only want to trade the most liquid markets. These markets are usually in the major currency pairs, such as EUR/USD or USD/JPY. Also, depending on the currency pair, certain sessions may be much more liquid than others. Even though the forex markets are trading for 24 hours a day, the volume is not the same at all times of the day. Usually, when London opens at around 3am EST, volume picks up as London is the major trading center for forex trading. At 8am EST, New York opens and adds to the volume that is being traded. Thus when two of the major forex centers are trading this is usually the best time for liquidity.
