Introduction to Forex Market sessions

An insight into the nature of the global Forex market by sessions.

Market Sessions There are four Forex trading sessions. A typical Forex trading week opens with the Sydney Session in Australia at 2300 hours Central African Time (CAT) on Sunday. At 0200 hours CAT Monday morning, the Tokyo market joins the fun (or pain). At 0700 hours, the Sydney market closes, leaving the Tokyo market to trade on its own. The London session opens at 0900 hours. Two hours later at 1100 hours the Tokyo market calls it quits. The London session will run the trades until 1700 hours, but only after the New York session has opened its doors at 1400 hours. The New York session will hand over the trading Burton to the Sydney market at the close of 2200 hours. In summary, the trading sessions are like this: 1. 14OOHRS – 1700HRS – POWER HOURS 2. 2300HRS – 0700HRS – SIDNEY SESSION 3. 0200HRS – 1000HRS – TOKYO SESSION 4. 0900HRS – 1700HRS – LONDON SESSION 5. 1400HRS – 2200HRS – NEW YORK SESSION

Markets sessions and their sizes The New York session is the biggest Forex trading session as measured by the volume of trades per day, followed by the London session. The Tokyo session is third while the Sydney session is the least of them all. The time period between 1400 hours and 1700 hours is known as the power hours as both the London and New York sessions will be open resulting in massive pip movement and trade volumes.