When Can You Trade Forex: London Session
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Just when Asian market participants are starting to close shop, their European counterparts are just beginning their day. While there are several financial centers all around Europe, it is London that market participants keep their eyes on.
Historically, London has always been at a center of trade, thanks to its strategic location. It’s no wonder that it is considered the forex capital of the world with thousands of businessmen making transactions every single minute. About 30% of all forex transactions happen during the London session.
Below is a table of the London session pip ranges of the major currency pairs.
These pip values were calculated using averages of past data from the month of May 2012. Take note that these are NOT ABSOLUTE VALUES and can vary depending on liquidity and other market conditions. Also, the session range for EUR/CHF has not been included since the Swiss franc has been pegged to the euro at 1.2000 during the period.
Here are some neat facts about European session:
Because of the volume of transactions that take place, there is so much liquidity during the European session that almost any pair can be traded.
Of course, it may be best to stick with the majors (EUR/USD, GBP/USD, USD/JPY, and USD/CHF), as these normally have the tightest spreads.
Also, it is these pairs that are normally directly influenced by any news reports that come out during the European session.
You can also try the yen crosses (more specifically, EUR/JPY and GBP/JPY), as these tend to be pretty volatile at this time. Because these are cross pairs, the spreads might be a little wider though.
Next up, we have the New York session, a jungle where dreams are made of. Hey, isn’t that an Alicia Keys song?
www.babypips.com
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Belajarforex45.blogspot.com - Thank to visiting my blog, today I will be sharing information about When Can You Trade Forex: London Session. Everyone needs a lot of information is no exception info about When Can You Trade Forex: London Session is, for more details please refer to the article of this blog are equipped with video article, so you would be easy to just listen to the entire contents of this article with a video on When Can You Trade Forex: London Session, Happy reading.
When Can You Trade Forex: London Session
Just when Asian market participants are starting to close shop, their European counterparts are just beginning their day. While there are several financial centers all around Europe, it is London that market participants keep their eyes on.Historically, London has always been at a center of trade, thanks to its strategic location. It’s no wonder that it is considered the forex capital of the world with thousands of businessmen making transactions every single minute. About 30% of all forex transactions happen during the London session.
Below is a table of the London session pip ranges of the major currency pairs.
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| When Can You Trade Forex: London Session |
These pip values were calculated using averages of past data from the month of May 2012. Take note that these are NOT ABSOLUTE VALUES and can vary depending on liquidity and other market conditions. Also, the session range for EUR/CHF has not been included since the Swiss franc has been pegged to the euro at 1.2000 during the period.
Here are some neat facts about European session:
- Because the London session crosses with the two other major trading sessions–and with London being such a key financial center–a large chunk of forex transactions take place during this time. This leads to high liquidity and potentially lower transaction costs, i.e., lower pip spreads.
- Due to the large amount of transactions that take place, the London trading session is normally the most volatile session.
- Most trends begin during the London session, and they typically will continue until the beginning of the New York session.
- Volatility tends to die down in the middle of the session, as traders often go off to eat lunch before waiting for the New York trading period to begin.
- Trends can sometimes reverse at the end of the London session, as European traders may decide to lock in profits.
- Which Pairs Should You Trade?
Because of the volume of transactions that take place, there is so much liquidity during the European session that almost any pair can be traded.
Of course, it may be best to stick with the majors (EUR/USD, GBP/USD, USD/JPY, and USD/CHF), as these normally have the tightest spreads.
Also, it is these pairs that are normally directly influenced by any news reports that come out during the European session.
You can also try the yen crosses (more specifically, EUR/JPY and GBP/JPY), as these tend to be pretty volatile at this time. Because these are cross pairs, the spreads might be a little wider though.
Next up, we have the New York session, a jungle where dreams are made of. Hey, isn’t that an Alicia Keys song?
www.babypips.com
Thus my blog post with the title of the article "When Can You Trade Forex: London Session" may be useful, you can also read other articles and watch videos by visiting on the titles of my articles on the blog's right hand menu of this article. We are sorry if the article is less pleasing your hearts.
SHARE CENTRE - The article entitled When Can You Trade Forex: London Session is derived from the results of his own experience, sharing with family, friends, or from reliable sources both from websites, blogs, magazines, newspapers, and other media.
Tags: When Can You Trade Forex: London Session
Other Articles:
forek, making money forex, forex trading ,currency trading ,fx trading ,trading forex ,forex market ,forex online ,earn forex ,how to trade forex ,forex trade ,online forex trading ,money trading ,trade forex ,forex analysis ,how to make money in forex ,how to make money on forex ,forex online trading ,how to make money with forex ,make money forex ,make money with forex ,money trade ,forex trading online ,how to make money trading currency ,online forex ,how to make money from forex ,how to trade currency ,making money with forex ,trade money ,how to make money trading forex ,making money in forex ,make money forex trading,
