Session

Although trading can technically be conducted 24 hours on weekdays, liquidity and trading volume for different currencies vary at different times. Not every moment is actively fluctuating, and there are periods of low liquidity with small fluctuations.

Trading during these periods can make it difficult to effectively earn profits. The following will detail the three major markets with active fluctuation ranges (Tokyo, Europe, and the United States).

The Tokyo market is centered around Asia and Oceania, so trading focuses on currencies like the Japanese Yen and Australian Dollar. Particularly on "fifty days" (days of the month with 5 and 0), due to corporate fund settlements, there's an increased demand for the US Dollar, making it easier to buy USD. The market tends to be more stable after the publication of the mid-price, so pay attention to this when trading.

European Time (London): The European market is centered around European countries, hence trading focuses on currencies like the Euro and the British Pound. The most active trading time in the European market coincides with the US market, making it the busiest trading time of the day. Even if you are busy during the day, consider trading during this period if you usually don't have time.

The US Market (New York) is centered around the United States and Canada, with a focus on the US Dollar and Canadian Dollar. The US market is known for releasing many vital economic indicators, like the US Non-Farm Payrolls, known as the 'monthly celebration' and closely watched by investors worldwide. Besides economic indicators, other factors such as 'options expiry' and the 'London fix' on the following day also significantly impact the market. Additionally, as the US Dollar is the world's base currency, its fluctuations greatly affect other world currencies.