The Asian trading session is one of the best time of day to trade forex, as explained in the DailyFX Traits of Successful Traders series.Also known as the Tokyo session, the Asian trading session ... Asian Forex Session (Tokyo) When liquidity is restored to the forex (or FX) market at the start of the week, the Asian markets are naturally the first to see action. Isn’t the Asian session very slow? If you’re a regular London or New York session Forex trader, you probably find the Forex Asian session slow and a bit boring. Maybe because it is a bit slow and boring by comparison to the others, but that doesn’t mean there are no good strategies to make profit during the Asian session. The Asian trading session begins with the opening of the market in Sydney, at 6 PM EDT. However, the real market volatility begins with Tokyo, where the market opens at 7 PM EDT. Japan is the third largest world economy in GDP, and the third largest forex trading center, after London and New York. This is known as the “forex 3-session system“. These sessions consist of the Asian, European, and North American sessions, which are also called Tokyo, London, and New York sessions. Some traders prefer to differentiate sessions by names of the continent, other traders prefer to use the names of the cities.
Forex Trading - Asian Session - Lesson: Scalping Part 1
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