AI Hub
4 September 2024
What Are the Best Pairs to Trade During the London and New York Session Overlap?
Successful trading in the forex market hinges on understanding the dynamics of various trading sessions and strategically leveraging the overlap between key sessions. This article delves deeply into these concepts, providing insights that can help you maximize your trading strategies. Introduction Explanation of Trading Sessions Definition of Trading Sessions The forex market operates 24 hours a day, divided into major trading sessions: the Asian, London, and New York sessions. Each session represents a region that has a primary trading period, influenced by the financial hubs in Tokyo, London, and New York respectively. Importance of London and New York Session Overlap The overlap between the London and New York sessions, typically between 8 AM and 12 PM EST, is where the market sees the most activity. This period is crucial due...
AI Hub
21 December 2023
At What Time in The Eastern Time Zone Does the Forex Market Close?
The foreign exchange (forex) market is a decentralized global market for trading currencies. It is the largest and most liquid financial market in the world, with an average daily turnover of over $5 trillion. The forex market operates 24 hours a day, five days a week, and is open to traders from all over the world. In the United States, forex trading hours are based on Eastern Standard Time (EST). This means that when it's 9:00 am in New York City, it's already 2:00 pm in London and 11:00 pm in Tokyo. The forex market opens at 5:00 pm EST on Sunday and closes at 4:00 pm EST on Friday. It's important to note that there are different types of forex trading sessions throughout the day. During these sessions, different...
Blog
8 August 2023
Understanding Forex Trading Sessions and Hours
