Are you trading currencies on Olymp Trade India? Then you must have seen that all currencies do not perform well all the time. At certain times, some currencies will have their prices move remarkably while others will move only slightly.
Why is it that way though?
It is because the Forex Market has sessions and each session contains a basket of currency pairs and opens at a different time from other sessions.
During the time when a certain Forex session is open, the currency pairs related to the session will move significantly hence high volatility.
When the session closes, the currency pairs related to the session slow down and their prices range.
That is where the issue of timing trades come in.
While some trading sessions open in the morning, others open in the mid-morning, afternoon, evening, and late at night.
Should you want to make remarkable profits, you will need to know which currency pairs to trade, at what time and with what amount.
You can then trade those currency pairs to earn from the high volatility.
If you are the kind of trader who’d rather trade a ranging market then also seek to know when markets close and when they are less active.
Content
Here are the common Forex Sessions and when they are open:
- Sydney – 21:00 to 06:00 GMT.
- Tokyo – 23:00 to 08:00 GMT.
- London – 07:00 to 16:00 GMT.
- New York – 12:00 to 21:00 GMT.
All sessions mentioned, which is the best trading time for Olymp Trade in India? That entirely depends on your daily schedule.
Here are the timelines of open sessions as well as the currency pairs with high volatility and those with low volatility (ranging currency pairs):
Morning – Noon (05:00 to 12:00 GMT).
During this period, Sydney, Tokyo and London Sessions are Open.
High Volatility Currency Pairs:
- GBP/USD
- EUR/JPY
- NZD/USD
Ranging Currency Pairs:
- USD/JPY
- USD/CAD
- USD/CHF
Afternoon – Early evening (12:00 to 19:00 GMT)
At this time, the London and New York Sessions are Open.
High volatility Currency Pairs:
- EUR/JPY
- USD/JPY
- USD/CHF
- USD/CAD
- GBP/USD
- GBP/JPY
- EUR/USD
- EUR/GBP
Ranging Currency Pairs:
- AUD/USD
- NZD/USD
Late evening – Early Morning (19:00 to 5:00 GMT)
During this period, Sydney, Tokyo, and New York Sessions are open.
High volatility Currency Pairs:
- AUD/USD
- AUD/JPY
Ranging Currency Pairs:
- EUR/JPY
- NZD/USD
- USD/JPY
- USD/CHF
- USD/CAD
- GBP/USD
- GBP/JPY
- EUR/USD
- EUR/GBP
Conclusion.
If you are a full-time Forex Trader and follow the above timelines, you realize that you can trade around the clock. If you ask me, the best time to trade depends on if you prefer volatile or non-volatile assets.
*Risk warning:
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