The opening time of the forex market on Monday. Forex for the weekend
Forex trading is conducted around the clock, excluding weekends and some holidays, but there are several time periods that you need to pay attention to - this is the opening of forex exchanges. It is necessary to know the time of trading or working on Forex (see the table below), because at the time of the opening of the trading platform on the market (session), most often there is a sharp jump in the currency that is inherent in this country.
This is followed very closely by all traders, since intraday movements are born at these minutes, which most often give the direction of the trend.
There are 4 trading sessions - Asian, European, American and Pacific(Australian). Each of these exchanges opens and closes in such a way that they only overlap for an hour or two, and generally allow round-the-clock trading.
Schedule of opening and closing of exchanges (time of trading sessions) according to Moscow time:
Attention! It should be noted that the time in the table is given in Moscow and world time - GMT (Greenwich Mean Time). If you want to know the opening time of exchanges in another region, you need to add the required deviation by hours to the GMT time.
Service for determining trading sessions
If it is difficult for you at first to determine when forex trading starts, there is a service that shows graphically which session is currently open. Let's go to site page and set your time, which we look around the city, or if you know, according to the GTM + deviation. Your time and active session will appear in the table:
Second what we need to know is when the markets open on Monday, after the weekend, and when they close on Friday.
So, the beginning of Forex trading, as well as the opening time of exchanges, takes place on Monday, at 00:00 broker time. Pay attention, not according to Moscow time, not according to Greenwich Mean Time, but directly according to the terminal time. We look at the upper left corner of the terminal - this is the right time.
Markets close for the weekend on Friday v24:00 broker time,Cm. screenshot below.
Nuances:
- Brokers have different times, and they may close/open at different times. This must be taken into account when trading advisors.
- Some brokers, such as Alpari (screen above), stop and start trading in 5 min. before the specified time.
Opening of the exchange for trading in the ruble
Moscow Exchange for trading in the ruble opens at 10:00 and the auction is closed at 17:45 by Moscow time. This is with regard to the work of the exchange itself, as for trading the ruble in the forex market - this is a separate topic and about it a little lower.
Schedule of ruble trading on the Moscow Exchange:
1) Opening at 10:00. Once again, I ask you not to confuse currency trading with the forex market, since currency is bought / sold on the stock exchange, and the “game” is on the course in forex.
2) At 11:30 Moscow timethe official rate appearsUSDRUBwith calculations for "tomorrow", used by the Bank of Russia to determine the official exchange rate of the US dollar. This means that the ruble exchange rate the next day, for settlements of payments at the rate of the Central Bank of the Russian Federation, will be known after the specified time.
3) At 17:45 The exchange closes trading in rubles. Below is a screenshot of trading from the currency exchange:
Forex ruble trading time from 10:00 to 20:00 or 21:00 Moscow time It all depends on the broker. V given period time begins to change course USDRUB(dollar-ruble). At this rate, banks exchange currency within a day. At other times, the USDRUB currency chart stands still.
That is, to find out the official exchange rate of the dollar against the ruble, you need to wait 10 am Moscow time. At other times, you can watch the movement of the dollar without taking into account the ruble on any informer, for example.
Please note that the most active on the market at the moment is the currency whose trading session is open. Trading is aggressive on all exchanges, except for the Australian one, at this time traders most often use scalping strategies, as low volatility makes it possible to trade calmly.
Asian trading session
The Asian session opens at 3 am Moscow time and often sets the direction of the daily trend. The session closes at 12 noon. The center of trade is Tokyo, concurrently the financial capital of Asia. During the beginning of trade in Asia, all banks, financial institutions and other institutions are opened.
Japanese yen is one of the three most traded currencies on Forex and occupies more than 20% of the currency turnover. Further list currency pairs traded during the Asian session - USD/JPY, AUD/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY, AUD/JPY, EUR/CHF. The most active bidders are the euro / dollar / pound / New Zealand dollar against the Japanese yen.
Usually this session is calm with little volatility. Often this is what Americans and Europeans are already resting after their hard day at work. The exceptions are important news, which usually come out around 3 am GMT (7 am Moscow time). This is where you need to be careful, the movements are often strong and long. If you use the intraday strategy and left an open position overnight, you need to check the forex calendar and set stops.
European trading session
European session is the most active of all. This is due to the fact that it overlaps with the Asian and American sessions. In addition, the largest financial funds and banks are localized in the UK. More than 30% of all transactions fall at this time. The opening of the exchanges takes place at 8 am GMT in London (11:00 Moscow time), closing at 17:00 (20:00 Moscow time).
The most active part trade falls on the first part of the trading session. Brokers make major deals before their lunch break. Then, according to the classics of the genre, there is a calm part, and closer to the close, strong jumps again occur - the opening of the American session.
All major currencies are traded - yen, dollar, euro, pound, franc (EURUSD, GBPUSD, EURJPY, EURCHF). But the European session also accounts for the largest amount of news. Trade in given time very active, intraday trend strategies are used, they also actively use news trading.
But keep in mind that at the end of the trading time, the trend may change direction, as the bulk of traders begin to take profits and withdraw money from the market. Yes, and the Americans can add fuel to the fire by throwing out some news.
American trading session
Opening American session takes place at 13:00 GMT (16:00 Moscow time). But the opening of the exchange overlaps with the European one for several hours. And this is quite a hot time for trading, as the Americans have a large amount of funds and can actively move the market with them. Closing takes place at one in the morning in Moscow. All major pairs with the dollar are traded - EURUSD, GBPUSD, etc.
Since most currency pairs have a dollar in them, trading is carried out on almost all pairs. America also has a large number of large banks and speculators. Tipping points and strong trend reversals are possible. News usually comes out in the first half of a trading session and is especially strong.
This time falls on 17-19 hours Moscow time. At this time, trading in US stocks takes place. Everyone is trying to sell or buy these papers. Then there is a lull, and it is possible to last until the end of trading. If it happens on Friday, the Americans take profits completely and almost never leave open positions over the weekend. So on the last day of the week, in the evening, it is better to fix, since on Monday morning, trading can open with a gap.
As usual, they take place on Saturday and Sunday. We will try to figure out how to use this for a trader and whether Forex really does not work on weekends.
The actual working time of the foreign exchange market in Russia is from 01.00 Monday to 01.00 Saturday (may vary by 1-2 hours for different brokers). Interestingly, there are brokers that allow their clients to trade during Forex weekend. That is currency market continues to work on Saturday and Sunday. How profitable is this approach, what is the volatility of pairs, etc. – unknown. It is much easier to work with the usual market mode, using, for example, gaps on Monday or other trading strategies related to the opening of the market on Monday.
Let's talk a little about gaps - the so-called. price gaps. This situation occurs most often at the opening of the market due to the difference in closing prices on Friday and opening prices on Monday. Gaps do not always accompany the opening of the market, but quite often, which makes it possible for the trader to earn.
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In dealing centers that show changes in exchange rates over Forex weekend, but do not give the opportunity to trade, we will not see gaps on Monday. This is due to the smoothing of quotes.
An important advantage of trading through such a dealing center is the triggering of pending orders (orders) even in the case of gaps, while such orders will be canceled for ordinary brokers. This approach will be fully justified in the case of using automatic trading systems(advisers), since there will be no failures, because quotes are fed continuously, which is the only signal for robots to stay idle or place an order.
Gaps are possible not only after Forex weekends, but also during the release of important news, when the price gets a strong impulse and “overshoots” a certain number of points. It is also very important here whether the pending order will work or be canceled by the broker. Both news and gap trading can bring good profits, so pay special attention to the broker's trading conditions: order execution time, no requotes (slippage), etc.
An experienced trader is not in the market all the time. He is like a hunter waiting for his prey - he watches the market and enters a position only when he receives certain signals from the price. Often the monitoring process is quite tedious, so you can:
● trade on a strategy that does not provide for a long time spent in front of the monitor.
● automate your trading using Forex scripts or trading advisors (robots).
It is very important how a trader spends the weekend - working hard throughout the week, a good rest, both physical and psychological, comes first for a trader. Very useful change of scenery, walking on fresh air, physical education and time spent with family. Experiencing a significant psychological stress (unpredictability of the market, the possibility of losing money, etc.), you need to be able to rehabilitate yourself over two days off in order to continue trading with renewed vigor and a clear mind. Trading is not a sprint, but a marathon. Having determined for himself the correct “trading-rest” mode, the trader will stay in a state of mental clarity for a long time and make the right decisions in trading and life situations.
Summing up, we see the weekend in Forex , or rather, the first hours of the market after them give the trader the opportunity to make good profits with the right approach. Do not forget about proper rest, and if possible, try to rest while trading on weekdays.
Therefore, you can start trading no earlier than 3:00 Moscow time on Monday, and close all orders gently no later than 2:00 on Saturday. Otherwise, your position will be carried over to the next week and you will have to pay an additional commission. It is for this reason that many traders choose to simply not trade on Friday.
When does Forex work?
At the same time, do not forget that there is such a thing as "Winter and summer time Forex work”and in winter the beginning of trading takes place an hour later.
Trading on the Forex market goes around the clock, except for national holidays and weekends. This is due to the fact that Forex is an over-the-counter market and does not have a single center.
This position has a number of advantages for traders, allowing you to work at any convenient time. What time does the Forex market open on Monday? Work begins with the opening of the Wellington Stock Exchange ( New Zealand). Most brokers open at 23:00 GMT on Sundays.
Although the Forex market operates around the clock, the main movements in exchange rates occur during the work of the world's major exchanges. In this regard, it is customary to divide working hours into four trading sessions - Pacific, Asian, European and American.
V Lately, the Pacific and Asian sessions are combined. This is due to the fact that trading on the stock exchanges of New Zealand and Australia do not have a significant impact on exchange rates. The main volume of transactions, and strong fluctuations in currency pairs, fall on the stock exchange in Tokyo - from midnight to eight in the morning GMT.
During this period, the trader's actions should be especially cautious when working with pairs in which the Yen is present.
Trading weekend: Forex closing time on Friday
This is due to the fact that central bank Japan, can carry out large-scale foreign exchange interventions, to maintain its currency.
By the time the activity on the stock exchanges of the Asian region fades, the European exchanges are included in the work. At this time, when the market is influenced by two coinciding trading sessions, significant fluctuations in rates are possible, as well as a change in the existing trends in the movement of currency pairs. Consider what time the Forex market opens in Europe.
The exchanges in Paris, Zurich and Frankfurt are the first to open - this happens at 5 am GMT. The London Stock Exchange opens in an hour. The volume of trading during the European session is the largest in a working day, and fluctuations in rates associated with the release of important economic news from the Eurozone can reach several hundred points.
Beginning of work American exchanges, in New York and Chicago, falls at noon (GMT). At this time, the most aggressive changes in rates occur, the trends that have been established during the day are actively developing or interrupted.
This is due to the fact that published economic news has a strong influence on global economy. The release of such news falls on 12:30 GMT. Trading on the New York Stock Exchange has a strong influence on the dynamics of exchange rates, especially changes in the cost of gold, oil and stock indices. Active trading in the Forex market ends at 18:00 on Friday.
Information about what time the Forex market opens in a particular region allows a trader to effectively use his working time. Using the knowledge of the time of trading sessions, you can plan the time of opening and closing deals.
Forex business hours.
The Forex exchange operates 24 hours a day, except for weekends and holidays, while there is some division into trading sessions depending on time zones. This moment should also be taken into account in order to make your trading more successful, since it is the sessions that usually characterize the market activity for certain currency pairs and have distinctive features of trading.
Forex trading hours start at 23:00 GMT (GMT) on Sunday and end at 22:00 on Friday. It is GMT that is taken as the basis for all calculations, the difference with Moscow time is +4 hours.
Therefore, you can start trading no earlier than 3:00 Moscow time on Monday, and close all orders gently no later than 2:00 on Saturday. Otherwise, your position will be carried over to the next week and you will have to pay an additional commission.
Schedule of trading sessions
It is for this reason that many traders choose to simply not trade on Friday. At the same time, do not forget that there is such a thing as “Winter and summer Forex hours” and in winter the start of trading takes place an hour later.
This table shows the time of the currency market in Greenwich, to determine your region, simply add or subtract the difference of your time zone Moscow +4.
Pacific or Australian session - runs from 19 pm to 6 am, the quietest time, the main financial centers do not work, so you can not wait for the release of global financial news. Trading at night and early in the morning is suitable for beginner traders.
Asian - captures the period from 23 to 9 in the morning, special activity is observed in the second half of the work on this trading floor, according to Moscow time, this is the period from 8 am to 13 pm. Just at this time, European markets also begin to work, which enhances the movement of currencies. Therefore, if you want to get the most profit, then trade in the morning.
European - operates from 6 am to 4 pm, and is the most comfortable working time, as it practically coincides with Moscow.
From 12 to 16 it intersects with the American trading session, according to statistics, it is during this period that most contracts are concluded and there are sharp jumps in the rate.
American - starts working from 12 o'clock in the afternoon and finishes its work late in the evening at 22 o'clock. Ideal for those who like a dynamic trend and work in the evenings, as the session closes at 2 am Moscow time.
The choice of a suitable trading session does not end only with its working hours, but also contains a lot of additional parameters such as market volatility and the popularity of individual currency pairs, the impact of news on the exchange rate and some other points.
Forex business hours.
The Forex exchange operates 24 hours a day, except for weekends and holidays, while there is some division into trading sessions depending on time zones. This moment should also be taken into account in order to make your trading more successful, since it is the sessions that usually characterize the market activity for certain currency pairs and have distinctive features of trading.
Forex trading hours start at 23:00 GMT (GMT) on Sunday and end at 22:00 on Friday. It is GMT that is taken as the basis for all calculations, the difference with Moscow time is +4 hours.
Therefore, you can start trading no earlier than 3:00 Moscow time on Monday, and close all orders gently no later than 2:00 on Saturday. Otherwise, your position will be carried over to the next week and you will have to pay an additional commission. It is for this reason that many traders choose to simply not trade on Friday. At the same time, do not forget that there is such a thing as “Winter and summer Forex hours” and in winter the start of trading takes place an hour later.
This table shows the time of the currency market in Greenwich, to determine your region, simply add or subtract the difference of your time zone Moscow +4.
Pacific or Australian session - runs from 19 pm to 6 am, the quietest time, the main financial centers are closed, so you can not wait for the release of global financial news.
Opening and closing times for stock exchanges around the world
Trading at night and early in the morning is suitable for beginner traders.
Asian - captures the period from 23 to 9 in the morning, special activity is observed in the second half of the work on this trading floor, according to Moscow time, this is the period from 8 am to 13 pm. Just at this time, European markets also begin to work, which enhances the movement of currencies. Therefore, if you want to get the most profit, then trade in the morning.
European - operates from 6 am to 4 pm, and is the most comfortable working time, as it practically coincides with Moscow. From 12 to 16 it intersects with the American trading session, according to statistics, it is during this period that most contracts are concluded and there are sharp jumps in the rate.
American - starts working from 12 o'clock in the afternoon and finishes its work late in the evening at 22 o'clock. Ideal for those who like a dynamic trend and work in the evenings, as the session closes at 2 am Moscow time.
The choice of a suitable trading session does not end only with its working hours, but also contains a lot of additional parameters such as market volatility and the popularity of individual currency pairs, the impact of news on the exchange rate and some other points.
How to trade on the weekend?
Most traders are at work on weekdays, and therefore, the opportunities to engage in trading are very limited. The stock market, for example, operates on Moscow time from morning to evening, just the period of the day when people sit at their jobs. Forex is a round-the-clock trading platform, but in the evening and at night, the price behavior is also not very volatile.
To trade on weekends weeks you can turn your attention to the market binary options. Tools such as One-Touch just allow you to analyze the market situation and purchase an option on your day off.
Trade on the weekend theoretically, it is also possible on Forex, since small volumes of currency exchange still take place. True, in this case, you need to choose a broker who does not stop accepting orders on weekends from clients, and there are not many of them. In addition, the market is very "sluggish", which will most likely not allow you to engage in intraday trading.
It remains to take advantage of the opportunity to use One-Touch binary options, especially since they have a very high percentage profit.
What are the benefits of weekend trading?
- on the weekend you can calmly analyze the market
- profitability on One-Touch is very high (200-600% of the transaction amount)
- option expiration time - a week, which allows you not to "shrink" with transactions
On weekends, as a rule, time is freed up that can be devoted to trading. True, there is another way to combine the conclusion of transactions in the market with the main work. It's about about long-term operations that can be engaged in both the binary options market and Forex.
For example, before going to work, a trader opens his price chart and analyzes the situation. On Forex, you can place a pending order at a certain price so that a deal is opened only at the moment when the market reaches the specified price value. Also, you can open a position immediately on the market, if the situation turned out to be suitable.
In the same way, you can work with options, buying contracts with a long expiration moment, or, on the contrary, engage in very short-term trading, for example, with an option expiration time of about one minute.
Remember that the success of trading largely depends on the choice of a brokerage company.
What time does the Forex exchange open on Monday in Moscow?
Today, many organizations that provide services to their clients in the financial markets strive to create conditions for trading at any time of the day. This allows more people to join the ranks of traders. Offering One-Touch options is another step towards weekend trading.
Considering that you can scalp with option trades of just one minute duration, as well as work on the contrary with long-term positions, trading on the weekends is no longer something incredibly original and convenient.
What time does Forex open, everyone should know
Despite the fact that the currency market operates around the clock with a weekend break, the dynamics of quotes for many pairs differ significantly on weekdays. Today's review will be devoted to Forex trading on Monday, because this day is of the greatest interest to speculators who have rested and recovered from the shocks of the previous week.
What is special about Monday? In the "people" this day of the week is called "difficult", as problems accumulate over the weekend that require immediate solutions, which ultimately leads to rush, stress and panic in some impressionable individuals.
It’s a paradox, but a fact – Forex trading on Monday has little to do with trends in the real sector, on the contrary, this is one of the most calm (and even boring for aggressive scalpers) days, the only thing that can disturb the calm is the weekend gap (what is gap/gap), which looks like this:
And since we are talking about gaps, here I would like to warn beginners against using strategies focused on closing them. I am skeptical about such methods for several reasons:
- This tactic was copied from stock market, on which the price is formed according to a completely different principle, if only because the algorithms of market makers and large market operators differ from the strategies of large banks on FOREX.
- On the stock exchange The gap often closes as it is formed in the course of trading on the so-called low-liquid "premarket".
- And the last most important point - the opening time of trading at many dealing centers may differ by 1-2 hours. If a gap has formed in one terminal, then in fact it may not exist at all, so in this case the probability of success will be exactly the same as when trading with a coin (meaning tossing a coin - heads or tails).
In all other respects, heps when trading Forex on Monday harmless enough, since the resulting window will in no way affect medium- and long-term goals. Caution should be exercised only when placing stop-loss and pending orders, since if they fall into the price gap range, they will not work at the stated price, but at the first market quote.
But enough about the sad, because the main advantage of Forex trading on Monday is the calm nature of the movement of major currency pairs. For example, the following figure shows a chart that compares the average volatility of EURUSD by day of the week:
As you can see, the average volatility of the euro on Monday is lower than on all other days, which means that at the beginning of the week, false impulses leading to a "breakdown" of stop losses will form much less frequently than on Thursday or Friday, for example .
This pattern is due to the fact that very few important macroeconomic statistics are published on Monday, and representatives of central banks prefer not to touch on key issues in their speeches, which is why traders behave relatively calmly.
By the way, for the same reason, Monday intraday trends are relatively stable, so there is no better time for experienced scalpers to work.
Separately, I would like to pay attention to the strategies focused only on buying EURUSD on Monday. The fact is that the statistics of observations collected since 2002 show that the probability of an increase in the euro exchange rate on the first working day of the week is 75%, so it is better for beginners to refrain from selling in this case.
Instead, when trading Forex on Monday, it is recommended to combine the identified bullish pattern and tools to find signals. technical analysis. Taking into account the fact that the probability of a successful outcome from the purchase itself remains quite high, standard indicators, for example, CCI and Stochastic, will suit the role of auxiliary tools that identify the trend and optimal points for opening orders:
What is Forex CFD
Noise in Forex
When is Forex trading banned on Monday?
Unfortunately, not every week starts calmly, sometimes "institutional" close positions en masse, as a result of which strong and chaotic movements are observed on all currency pairs.
Such behavior of the market is always a reaction to weekend events that may lead to irreversible consequences or indicate that the real situation in the global economy is far from the picture outlined by analysts. The following situations can be cited as an example:
- Start of hostilities. In particular, the aggravation of the situation in the Middle East indirectly affects the dynamics of the euro (mainly through fuel prices).
- Publication of negative data on China. The Chinese often announce important statistics on the weekends, and it is increasingly turning out to be negative (according to the calculations of IMF economists, a 0.5% slowdown in China leads to a decrease in the GDP of neighboring Asian countries by 1-1.5% - hence the violent reaction of the market ).
- Disappointment following the results of the G20, G7 summits, meetings of the IMF directors and other meetings of the "powerful of this world." All these events most often take place on weekends, so the reaction to them follows on Monday.
It is possible to list such examples for a long time, but Forex trading exactly on Monday still remains the most predictable, since it is one thing to evaluate the consequences of an event and make a decision after the fact, and quite another to face unpleasant surprise when the position is already open, which happens very often on Wednesdays, Thursdays and Fridays.
International trade financial market Forex is carried out around the clock. For 24 hours, 5 days a week, from Sunday night to Friday night, traders can open trades to buy and sell currencies, indices, commodities and stocks.
But during this period there are special points of attention for traders - the time of opening and closing trading sessions. It is at this time that active trading begins, which leads to an increase in the volatility of assets.
After the weekend, the trading session opens on Monday at 0-00 server time of the broker. To determine the opening time of the Forex market in your time zone, you need to compare the server time in the MetaTrader 4 terminal with your actual time. Moscow time, the opening of the exchange takes place at 1-00 am on Monday.
In order to determine which of the exchanges is working at the moment, you need to contact the service - Stocktime.ru, where you can find convenient hours that indicate the working hours of the exchanges. If the gap on the clock is green, then this exchange is currently working, if it is gray, then trading on the exchange has ended.
Major world trading exchanges
There are 4 main trading sessions in the Forex market:
- Asian;
- European;
- American;
- Pacific
Asian trading session
The Asian trading session opens at 02:00 (Tokyo) and 03:00 (Hong Kong, Singapore) Moscow time. The movements of currency pairs that occurred at this time can tell a lot about the upcoming trading day.
During the Asian session, oil data is often released, there are active purchases and sales of this raw material, so currency pairs, and especially the Canadian and Australian dollars, show excellent dynamics at the market opening.
For traders who prefer to trade at night, this is a great opportunity to “catch” trend movements and increase their deposit.
Japan also starts trading during the Asian session, so when analyzing the market, you should pay attention to currency pairs with the Japanese yen.
The main currency pairs of the Asian session are USD/JPY, EUR/JPY, AUD/USD and others.
For those who are not an obstacle at night, in order to make a profit, you need to know that during the opening of the Asian session, there are maximum movements in currency pairs that you need to “take”. By morning, the volatility of Asian currencies is falling.
European trading session
The European trading session starts at 09:00 Moscow time (Zurich, Paris, Frankfurt) and at 10:00 Moscow time - London, closes at 18:00 and 19:00, respectively.
The European trading session is considered the main one, as large players and most traders around the world enter the trades. About 30% of all Forex trading takes place in the European session.
The greatest profit during the European session is brought by currency pairs EUR/USD, GBP/CHF, USD/CHF, GBP/JPY and other quotes, which include the euro, British pound, Swiss franc and US dollar.
The volatility of currency pairs and other assets during the European session goes off scale, as large bidders at this time are restructuring their assets.
It is also worth noting that market volatility changes within one trading session. The main time when there is an active conclusion of contracts is the moments of opening and closing of the session, when dealers fix the results of work during the trading session.
During the European session, the decline in player activity is observed at 12-14 pm Moscow time. At this time, you can relax, outline an action plan for the upcoming American session, look for how to trade on, and other brokers.
American trading session
After a short respite from active trading in the European session, traders are preparing for the opening of the American session, which accounts for about 19% of the total turnover of the global Forex market. New York trading opens at 16:00 Moscow time, when dealers of American banks start trading.
The list of major currency pairs traded during the American session is identical to the pairs of the European session.
During the American session, a large amount of economic news, statistical data, speeches by the heads of the Central Bank, etc. is released. The overlap of the European and American sessions leads to active movements of currency pairs, especially for the EUR/USD pair.
With the closing of the European session, the volatility of currency pairs remains high. It was at this time that major players, having remained in the so-called “thin” market, are able to drastically change exchange rate dollar against other currencies.
At this time, currency pair quotes show excellent trend movements that professional traders use to make a profit. Also, activity is observed in the options market, where, by trading on the platforms and , you can get additional profit.
The American session closes at 23:00 Moscow time. Often at this time, the activity of most traders decreases, which affects the movement in the market.
Pacific trading session
The Pacific trading session is one of the calmest and least volatile. This is because only Australia and New Zealand are trading at this time. In addition, many traders prefer to wait out this time in anticipation of a more volatile Asian session.
The main currency traded in the Pacific session is the Australian dollar AUD, which also remains active during the Asian session on the back of commodity news.
MetaTrader 4 indicator for determining session opening times
Many novice traders are faced with the problem of determining the correct opening time for trading sessions based on their location. Majority trading platforms operates with GMT time, which differs from Russian time by several hours.
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