Forex Trading Sessions by Hours in Vietnam
The forex market operates 24 hours a day, 5 days a week. However, the trading volume and volatility of each currency pair vary during different trading sessions around the world. For traders in Vietnam, it's important to understand the key trading sessions and their impact on forex markets.
Here is a breakdown of the forex trading sessions by hours in Vietnam:
1. Tokyo Session (Asian Session)
The Tokyo session starts at 8:00 AM (GMT+9) and ends at 5:00 PM (GMT+9). This session is known for the JPY crosses, such as USD/JPY and EUR/JPY. As the Tokyo session overlaps with other sessions, it can provide good trading opportunities, especially during the first few hours when the market is most active.
2. London Session (European Session)
The London session starts at 3:00 PM (GMT+0) and ends at 12:00 AM (GMT+0). This session is the most active and liquid session in the forex market. It is characterized by high volatility, especially during the overlap with the Tokyo session. Major currency pairs like EUR/USD, GBP/USD, and USD/CHF are traded heavily during this session.
3. New York Session (American Session)
The New York session starts at 8:00 AM (GMT-5) and ends at 5:00 PM (GMT-5). It is the last major trading session of the day. The session is known for its liquidity, especially during the overlap with the London session. Currency pairs involving the USD, such as EUR/USD, GBP/USD, and USD/JPY, are actively traded during this session.
4. Sydney Session (Pacific Session)
The Sydney session starts at 10:00 PM (GMT+11) and ends at 7:00 AM (GMT+11). It is the first trading session of the week and is notable for its lack of major economic news releases. While the Sydney session is generally less volatile compared to other sessions, the AUD crosses, such as AUD/USD and EUR/AUD, can still provide trading opportunities.
Knowing the hours of each trading session can help traders plan their strategies and take advantage of the most active markets. It's also important to stay updated with economic news releases and market events that can impact currency prices.