The Forex Market is a completely different beast compared to the bag. The stock market is open within a fixed period, usually from morning to afternoon. After that, the market closes yse stop all operations. But the Forex Market never closes. It is open 24 hours a day, 5 days a week except weekends. The fact that the Forex Market is open 24 hours is something new for many operators. In Forex there is no central physical intercabi9o where operations are conducted because the Forex is a global market where a center begins to open, another is closing.
This is very important that new Forex traders should understand. Additional information is available at Chevron Corp. Since n is opening or closing of the Forex Market, most newcomers are confused and do not know what is the best time to perform operations. So that they sit in front of his computer all day and end up exhausted. A smart way to divide a 24-hour day is in 3 sessions of 8 hours. Newly if you divide each session of 8 hours in 4 hours using 4 hour charts. With forms you read this article, I will explain how it is that this division is logical and can help you understand the Forex Market. The Forex market is controlled by three very important center, and these three sessions will help you identify how much risk and price action in each session. The three centers are located in the Forex Market is Asia, London and New York.
Each session will coincide with these three centers. Call to each session as follows: the Asian session, the session in London and New York session. Asia Session: The majority of trading volume during this session is conducted by Sydney, Tokyo, Hong Kong and Singapore. Most major operators are commercial exporters and central banks. Aa Because these central banks are competing each other in the Forex Market, the price for this session is very hectic. Meeting in London: London is the capital of Forex in the world due to its high liquidity Forex Market. Paris, Geneva and Frankfurt are the key during this session. The movements are generated in this session are very important because they move large amounts of money at this meeting. The movement that gives you a lot about how he feels the market. New York Session: The meeting in New York is the second largest after London in the Forex Market. Both markets in the morning match when New York is opening and closing London. This is when the most action is on the market. This coincidence between New York and London is where there is more action in the Forex Market trends and new or old trends are then taken up again. No doubt the large revenues it can generate long and short term.
