These critical hours of Forex trading are called Power Hours. The volatility and volume of transactions are at peak during these time periods. Tokyo is the first market to open in the Asian region. Short term traders can benefit by the large ranges in GBP/CHF, USD/JPY as well as GBP/JPY. The best hours to trade in the Asian session is between 7 pm and 4 in the morning. The 2nd largest Forex market is New York. The best hours to trade in the US session is between 8 am and 5 pm. The large ranges of GBP/USD, GBP/CHF, USD/CHF and GBP/JPY are the recommended choices for active Forex traders. Majority of Forex transactions happen in London which is considered to be very important for Forex trading market. The trading time for the session in Europe is between 2 am and 12 pm. GBP/CHF and GBP/JPY provide large ranges and high volatility for traders. The most active time period of Forex trading is the US - Europe overlap session between 8 am and 12 pm. This is the most volatile period for traders who are active.
The timings mentioned in each of the sessions are based on EST.
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