Skip to content

TOP FOREX BROKERS REVIEW

THE INTERNET'S MOST COMPREHENSIVE LIST OF ONLINE FOREX BROKERS AND FOREX REVIEWS. 

When Can You Trade Forex: New York Session

New York is the second largest Forex market place, first being London. The New York or the US
session attracts a significant number of forex traders owing to the ever-growing demand for its
currency US dollar or USD.
New York sessions start when the London market place has almost finished its lunch break. As
soon as the Forex’s US sessions open at 8:00 AM EST or 1:00 PM GMT, the major currency pips
start moving with big steps. This can be attributed to the fact that when the US traders start
rolling their quotes, their European counterparts are already engaged in the process causing
overlapping of the two markets resulting in highest volatility and liquidity.
The most favorable time to start forex trading in the New York session is as soon as the session
opens. Once the New York session reaches lunch break, the European market gets closed and
the liquidity and volatility take a hit and begin to die down. So, it’s advisable to make trades
before the lunch hour focusing on the most economic updates and news.
Considering the fact that around 80-85% of the forex trading involves USD, being an early bird is
what this session asks for. Fridays are the days with least mobility in pips as both the European
and Asian markets remain mum forcing the US traders to close their shop after a half day. The
most traded currency pair in the US session is USD and EUR.

1 Comment

  1. Ice1960 on August 13, 2020 at 6:56 PM

    Please when is the lunch hour

Leave a Comment





Scroll To Top