The Importance of Knowing Market Sessions For Forex Trading

Forex trading is a very dynamic business and investment due to the fast movement of money around the world. Because forex trading is according to traders to transact in international money markets, traders must understand trading hours, or the time at which certain forex markets are opened for transactions. Traders around the world have their own trading time zones, so the trading market is open 24 hours. However, in those 24 hours, the markets that are opened are different, so traders must also be good at choosing the right one in the selection of time.

Through the division of these sessions and the forex market that continues throughout the day, transactions can be made according to the busyness of the traders and the time zone.

Asian Trading Zone

Starting from 04.00 WIB to 14.00 WIB. There are two popular markets, namely the Chinese market which opens at 07.00 WIB and the Tokyo market which opens at 06.00 WIB. Most of the traders in Indonesia who trade through the Asian market. Currently, what Asian traders tend to prefer is the Hong Kong market.

European Trading Zone

Starting from 14.00 WIB to 22.00 WIB. At that time trading was carried out in financial centers in Europe, such as Luxembourg, England and Switzerland. The European market itself has the largest trading session of the total world trade. It can be said that the European market is the most crowded market.

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