Forex Market Hours In Kenya – Trading involves risk Investing involves risk and is not suitable for all investors. CFDs are complex instruments and come with a high risk of losing money quickly due to gains.
The Forex market is the largest financial market in the world, with a daily trading volume of over $6 trillion! To get a chance to win, there are many things you can learn about yourself, including Forex trading hours and how the market can be affected by different trading sessions.
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In this article, we will look at forex market hours, analyze forex trading sessions, consider the best time to trade forex and much more!
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The forex market is open 24 hours a day, five days a week and consists of a large number of participants, including central banks, hedge funds, investment management companies, retail forex brokers and investors from around the world.
The global currency exchange is not controlled by just one market but, instead, consists of a global network of exchanges and brokers around the world. Forex market hours are based on when trading opens in participating countries.
Forex trading sessions can be divided into four main trading sessions, each of which is named after the city that is the largest financial center in the area in question. If you are looking for the best time to trade forex, it is important to understand the different trading sessions and their impact on the business.
The trading day actually starts every day in New Zealand, although it was the city of Sydney that gave its name to the first Forex session. The system then tends to follow suit, when one major Forex market closes, another opens. Some times of the day are more active than others and it is important to monitor this.
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In the following section, we will examine the three most important Forex sessions and the best times to trade them in detail. But first, let’s look at the opening and closing times for each session that makes up the Forex trading day. Spring / Summer in the Northern Hemisphere
To make things a little more confusing, due to daylight savings time, forex session times vary depending on where you are. Of the four forex trading sessions identified above, only Japan remains straight throughout the year and does not change its hours.
Below are the forex market opening and closing times for each trading session in local and GMT time zones.
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One of the main features of the forex market is that it is open 24 hours a day, 5 days a week. This means that traders from all over the world can trade whenever they want during the working week.
However, all times are not the same. There are times during the week when the price action is very bullish, and others when it is very quiet.
Usually, a trading day consists of three Forex sessions: the Tokyo, London and New York sessions, which are also known as the Asian, European and North American sessions respectively. The market is very active when these three financial companies do business – as most banks and companies do their daily transactions, and there are a large number of online brokers.
Although currencies can be traded at any time, traders cannot personally maintain their positions for long periods. There will be hours in the Forex market when opportunities disappear or when increased volatility causes the market to go against your position.
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To minimize such risks, most traders will often focus on one of these three forex trading sessions. To determine the best time to trade forex, traders need to be aware of when the market is usually volatile and how this fits into their strategy and trading style.
Let’s take a look at each of the top Forex sessions. Tokyo Business Conference
After the weekend, action returns to the forex market – Sunday evening for Europeans – during the Asian trading session. Although not officially visible, movements in this part of the world are often seen in the Tokyo market, hence the name of the session.
However, there are many other places with significant attractions during this period – including Australia, China and Singapore.
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Despite the high volume of transactions, liquidity can sometimes slow down during the Tokyo session, especially compared to the sessions in London and New York. London Business Session
After the trading day, just before the Asian Forex trading hours closed, the European session took the surveillance of the currency markets. At this time the area is very dense and includes many important financial markets. However, it is the name London that has the honor of identifying the borders of the European seat.
Mainly because of the convenient time zone – London is not only the center of Forex trading in Europe, but also in the world. The London session is similar to the two peak sessions of forex trading (Tokyo and New York), meaning that most of the daily forex transactions take place during this period.
Increased forex activity leads to higher volatility during the trading session and, potentially, lower spreads. An additional effect of increased activity is that the London session often presents the most volatile stock market hours. Volatility tends to dip in the middle of the session, before rising again when New York opens. New York Business Conference
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By the time the North American session comes online, Asian markets have been closed for several hours, but the day is only half over for European forex traders. The session was mainly influenced by the movement of the United States, with contributions from Canada, Mexico and several countries in South America.
The morning hours mark the period of high liquidity and volatility, both of which tend to die down in the afternoon when Europe stops trading. Exchange Session Forex
As you will no doubt notice from the opening and closing times of different Forex sessions, there are times in the day where two trading sessions open at the same time.
This combination represents the busiest time in terms of forex transactions, as there are many active market participants. Traders can expect high volatility and liquidity during this Forex trading period.
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Currency pairs show varying levels of activity throughout the trading day, based on who is active in the market at any given time. Tracking different forex sessions gives us an idea of when forex pairs are most active.
For example, during the session in London and New York – which represents the busiest trading time of the day – you can expect EURUSD and GBPUSD to be the most active, with high volatility and liquidity. On the other hand, volatility and volatility were lower for both pairs during the Sydney session.
This is shown in the EURUSD chart below, where the part shown in red represents the mix between the London and New York sessions and the part shown in light blue shows the Sydney session. The standard deviation indicator next to the screen below represents the level of market volatility – which appears to be higher when the market is volatile.
Image: Admiral MetaTrader 5 – EURUSD M1 Chart. Estimated Date: July 25, 2023 – July 26, 2023. Expiration Date: July 26, 2023. Past performance does not necessarily indicate future performance.
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Therefore, if you are a trend-following Forex trader, you can decide based on the trading session the best time to trade currency pairs. Also, if your trading style tells you to avoid periods of high volatility, you can analyze the times when you are most likely to avoid the market. Best time to Trade Forex
The best and worst times of day to trade Forex will be rational, depending on your trading strategy, trading style and the pairs you want to trade.
As we have shown in the previous section, traders who need high volatility want to trade relevant currency pairs during market consolidation and those who want to avoid this situation should be aware of this daily.
Another time of high market volatility when there is notice is the build-up to, and immediately after, important economic announcements, such as interest rate decisions or new inflation data.
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Times of low liquidity are not good for everyone, generally speaking, and there are times during the trading week where this situation seems to be prevalent.
For example, during the week, there tends to be less activity at the end
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