The FX market is active 24 hours a day – it is important for the active forex trader to identify the times where there is the most volatility and largest trading ranges.
1. Asian Session (Tokyo) 7PM-4AM EST
Tokyo is one of the principle dealing centers in Asia and is the first major Asian market to open. USD/JPY, GBP/CHF and GBP/JPY have large ranges, and offer short term traders opportunity.
2. US Session (New York) 8AM-5PM EST
New York is the second largest Forex marketplace. For active traders GBP/USD, USD/CHF, GBP/JPY and GBP/CHF are good choices, with large daily ranges.
3. European Session (London) 2AM-12PM EST
London is the most important dealing center in the world and the majority of forex trading takes place during London hours. For traders looking for volatility GBP/JPY and GBP/CHF provide large daily ranges.
4. US European Overlap Period 8AM-12PM EST
This period is the most active – the best period for day traders looking for volatility.