Sunday, March 15, 2009

forex trading -2

During the 24 hours period currency pairs in Forex market experience several hours, when the volume of trades is the highest and so is the pip movement
London/ New York sessions:
EUR/USD USD/CHF GBP/USD
Tokyo/Sydney sessions:
EUR/JPYAUD/USDUSD/JPY AUD/JPY
Sydney session:
AUD/USDEUR/USD

During the week the most active Forex trading days are: Tuesday, Wednesday and Thursday. Sundays (opening) and Mondays are days when traders are mostly watching and analyzing the market and predict further price moves
Fridays are traded approximately till noon, after that all actions slow down and almost freeze before the actual market closing at 5 pm EST.