Trading sessions for FOREX market

Unlike other trading assets, currencies (or FOREX) are traded 24/7. For those of you who want to trade binary options non-stop, this is a great opportunity to make money even when your familiar markets are closed for trading.

Let’s start with naming all 4 trading sessions that exist for currency trading and that we will be using for trading binary options: European session, American session, Asian session and Pacific cession. Each of them has its own characteristics, which are important to be aware of in order to trade binary options successfully.

forex trading sessions

Asian trading session

Starts at 1 a.m. GMT and finishes at 10 in the morning. It is important to know that during this trading session the most volatile currency pairs are those which include JPY/ Thus during this session it is recommended to trade USD/JPY or EUR/JPY). Additionally EUR/USD is highly volatile as well as AUD/USD. In binary options trading the more volatile the trading asset is the better it is for us as we can catch a nice reverse of a trend and make a profit on it. You also would need to know that the closer is the end of the Asian session, the more volatile these currency pairs are!

European trading session

One of the most favorite sessions among traders is European session. It starts at 9 a.m and finishes at 6 p.m GMT. It is so popular because there are a lot of currency pairs that are volatile at this moment. During this time you would want to trade forex assets that include Euro (EUR), Swiss Franc (CHF) and British pound (GBP). The most volatile currency pairs are: GBP/GPY, GBP/USD, EUR/USD.

American trading session

American trading session is another session that is favored by traders all over the world. First of all, the time is very convenient: It starts at 2 p.m. and finishes at 11 p.m. It is the most volatile of all. Nevertheless, it is important to know that the activity mostly starts after European session is closed, meaning you would want to start trading in American session after 6 p.m. GMT Take into consideration currency pairs with USD and CAD. These will be the most profitable in your binary options portfolio for that part of the day.

Pacific trading session

Starts at 11 p.m. and finishes at 8 in the morning GMT. It is considered to be the least volatile trading session and least favorable for traders, so unless you have no other choice, we would strongly recommend you avoiding this session when trading binary options.

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