Best Currency Pairs to Trade in Each Trading Session
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- Опубликовано: 1 июн 2024
- How to choose a currency pairs to trade during different trading session.
I am also gonna share with you what currency pairs are my personal favorites and when do I trade them and also tell you what is the connection between trading session and trading currencies.
00:00 - How to Choose Trading Sessions to Trade
01:00 - Forex Trading Sessions Timing
01:41 - Forex Trading Sessions Active Countries
02:30 - Forex Trading Session Overlap
03:05 - How to choose a currency pairs to trade during trading session
03:25 - Best Currency Pair to Trade in Sydney Session
03:50 - Best Currency Pairs to Trade in Tokyo Session
04:05 - Best Currency Pairs to Trade in Sydney and Tokyo Session overlap
04:32 - Best Currency Pairs to Trade in London Session
04:42 - Best Currency Pairs to Trade in New York Session
04:56 - Best Currency Pairs to Trade in London and New York Session overlap
05:38 - What Forex Currency Pairs do I target?
06:37 - Currency Pair I trade
The Sydney trading session - 10 pm GMT to 7 am GMT
The Tokyo trading session - 11 pm GMT to 8 am GMT
The London trading session - 7 am GMT to 4 pm GMT And
The New York trading session - 12 pm GMT to 9 pm GMT
By the way, if you don't know about trading sessions I have added a video on that, you can check it out by clicking the I button.
Now, each trading session is linked to one or a few countries, like the Sydney session is linked to Australia and New Zealand.
The Tokyo trading session is linked to Japan and other Asian countries and in the same way, the London trading session is linked to the UK and European countries.
So during a particular trading session, a country linked to it is heavily active and a lot of transactions are being made with a lot of traders ready to buy and sell the currency of that country.
when to trade in Tokyo session with currency.
Like, there is an overlap between the Sydney and Tokyo session, between Tokyo and London session, as well as between the London and New York session.
Now let us see which currency pair should you focus on during each trading session.
Before that, just remember that USD is the reserve currency of the world and the whole world pays attention to it which means that it can be traded in any of the 4 trading sessions.
Let us start with the Sydney session which starts at 10 pm GMT.
Sydney session is the first session of the forex market and during this session, you can look to trade currency pairs that include the AUD and the NZD.
For example, AUD/USD, NZDUSD, AUD/NZD.
The next trading session is the Tokyo trading session and you can trade JPY pairs during the Tokyo trading session.
For example, USD/JPY.
Now, you might have noticed that there is an overlap of 8 hours during these two sessions which means that you can trade the currency pairs that include JPY, AUD, and NZD during this overlap.
For example, USD/JPY, NZD/JPY, AUD/JPY, AUD/USD, AUD/NZD, etc.
The next is the London trading session which is the most volatile and liquid session and you can trade the currency pairs that include EUR and GBP.
The New York trading session starts at 12 PM GMT and again this is one of the most active trading sessions.
During this trading session, you can trade any of the 8 major currency pairs.
In the overlap of the new york and London trading sessions that is from 12 PM GMT to 4 PM GMT, the volatility and liquidity are at the peak as many traders look for opportunities during this session and EUR/USD and GBP/USD are my favorite ones.
I live in India, and when I wake up normally at 5 in the morning the London and Tokyo sessions are active.
During this session, I normally focus on USD/JPY, AUD/JPY, and NZD/USD.
I continue watching these pairs till 11 AM then I focus on some other important things, play with my niece and my dog Leo, eat my lunch then again start looking for opportunities at 1 PM when the London trading session is active.
During this time I focus on EUR/USD, GBP/USD, and GBP/JPY.
I trade these pairs till 4 PM then again take a break and begin trading at 6:30 PM when the London and NEW YORK sessions are overlapped.
This time period is the most exciting one for me as the markets are good and running and a lot of opportunities are presented.
During this time period, I trade USD/JPY, EUR/USD, GBP/USD, USD/CHF, USD/CAD, and other major currency pairs depending upon the opportunities I have marked in my journal.
Let me know which pairs do you prefer to trade during different trading sessions in the comment section below. I hope you will get the answer of which currency pair you focused on during each trading sessions, London session forex trading pairs
Forex Monopoly: forexmonopoly.com/
Forex Trading Sessions: forexmonopoly.com/blog/forex-...
#forextrading #forex #forexprofit #forexmarket #tradingmarket #tradingstrategy
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If you have any questions about this topic then let me know in the comment section below.
Good friend I'm always happy see such good learning
Thanks
Where do I will gat your course deatil and how to join it ..
Do you do mentorship on trading? I’m interested in your lectures sir
So helpful
London session starts at 8am not 7am the European market starts at 7am but London kicks in at 8am. You will notice volume increases between 8 and 9am in the London session.
You can trade a lot more pairs then EUR/GBP in the London session and spreads are usually pretty big on the EUR/GBP. You can trade all major currency pairs in the London session and still be very successful.
EUR/USD keeps me smiling 😊 everyday
100 PERCENT!!!!
Do you use stop loss
What time you start trading eastern time?
Does it start at 7am GMT or start with the US market?
@@DippySippy you need to use sir
THATS an awesome video bro,the simplest way explained rearding forex trading sessions.
You're just the best. Thanks for the detail
nice video as I was looking for this detail since a long time. thx
thanks for a beginner that's all i needed.
Amazing video Daksh. Thank you
Very well said. Thanks a lot Sir, I gained a lot from it. Though I have blown up my account severally but I no with someone like you, I can bounce back. Thanks a lot
Really appreciate your work here
YOU ARE THE MAXIMUM THANK YOU FOR EXISTING AND FOR GIVING US YOUR ANALYSIS AND EXPERIENCE GENEROUSLY
🙏🙏
Quality content, thanks!
Thank you, very straight forward
Great Content Mate!
A well explained video, I still continue to urge beginners to test their skill by practicing with a demo account or get a qualified personnel to assist you.
Properly explained. Probably the best and specific video on which currency pair to trade
Thank you so much ammy tom.
Crystal clear explanation great
Thanks for this 👍
Thank you. Very helpful
Amazing explanation .👍
PERFECT! THANK YOU
Thank you brother👍
Wow, an eye opening video for me
Hi ! Thanks you for the video. Question: what trading strategy do you trade please?
this was useful thanks
Very well explained honestly. I smashed the subscribe and like buttons even before the end of video. thank you. but please what strategy do you apply to trade.?
Very good and important information, thanks Bro
very informative.... superb
Good day,I'm based in South Africa so the best time is to use GMT right? Thank you for the information highly appreciated
Good. Video. I always like your video.....
this is the channel ive been looking fort the whole time
Welcome aboard 🙌🏻🙌🏻
Very informative video sir❤️❤️💯
New york session is the best
SIR THANKS FOR INFORMATION, PLEASE WHAT IS THE BEST TRADING SESSION TIMING FOR INDIANS (TIME ZONE) AND WHICH PAIRS? PLEASE INFO...THANKS..
One of the best video which i am really waited it for long time .Thank you for such a wonderful video ever
Thank you.
keep supporting.
Awesome video.....I would love to hear of some examples where your 'investments' haven't paid off or have fallen through and how you managed it and what you learnt from it. I think that would be really helpful!
Great suggestion!
I will surely work on it.
Any suggestions which broker will be good for Indian citizens?
Preferably low spreads!
Thank u❤️
What about trading central signal? It is published by technical analysist. Can I relay on them?
Amazing 🤩 Video. I’d like to know if you trade Gold and at what trading session you believe is best to trade
Thank you i needed this information
Thanks again
Glad it was helpful!
Superb ! Learnt so much.. Thank you.
Glad it was helpful!
Thank you so much i learnt alot
Glad to hear that
Can you please suggest best time for XAU /USD pair thanks
thanks
Just subscribed. I like how video is made simple and informative.
Awesome, thank you!
I'm losing daily on trading everyday why?
Thank you for this video brother helpful
Glad it helped
Hello what's the best way to get started with trade cos I've been making my personal research for a while now
Very very very informative, you won't believe I have note down your entire video content info in my book for reference, thank you sooooooo much brother, I found you sooo late, but "der aaye durust aaye". :)
Glad it was helpful!
@@TradersMonopoly do you offer any courses? I would love to learn from u😍
Thanks for the information
So nice of you
Thanks allot
Please make a video on indices pairs to trade on in forex trading sections
Are you indian.... if yes than how you manage to trade forex?
Thank you so much
You're most welcome
thank you for such a great video, even though I am for Australia this helped me out so much
Glad it helped!
Useful videos thanks for sharing your knowledge
Thanks and welcome
4:54 ...
Im confused the newyork session starts at the open. 9:30 am est, not 12:pm rite....?
Hello sir please suggest me only 3 best pairs according to sation
Which sessions can I trade GBP pairs?
Love it 🖤
Thank you so much 🙏🏻
Hello bro,you trade crypto n forex right?
Thanks man ❤️
Happy to help
Knowledgeable video... 🔥🔥
Glad you liked it 🙏🏻
Is this true that when London opens you look for gbp/usd buy opportunities and when NewYork opens you look for sell opportunities only on gbp/usd?
Amazing content.. Thanks
Glad you liked it!
Thanks man great information.
Glad it was helpful!
Hello bro,you trade crypto n forex right?
Ty ty ty 🙏🏾
one of the best forex channels in youtube. liked & sub + bell on
Thank you so much
great information thankyou
Glad you liked it 👍
Helpful content bro
Glad to hear that
superb explanation...useful content
Glad you liked it
Great things
I just trade in EURUSD & XAUUSD in London session
Thank u very much.
Welcome 🙏
Hello bro,you trade crypto n forex right?
You are the best ,
Thank you.
many thanks
You are welcome
Please can you make videos on:
1. how spread, bid/ask price, equity, margin, etc affect our trading?
2. How to develop a trading plan
3. and finally, how to use a good RRR
Please watch the following videos in which I discuss all of these topics.
Bid Price and Ask Price - ruclips.net/video/fGVi3V2EbDQ/видео.html
7+ Things to Consider for making a Forex Trading Plan - ruclips.net/video/THb44hipzXQ/видео.html
Is it all about Win Rate and Risk to Reward Ratio? - ruclips.net/video/yy_46f1Hr40/видео.html
Thanks man
You're welcome!
Thank you so much and you are amazing. I live in Nigeria, I find it so difficult to understand my time zone and trading sessions. When to trade a particular currency and when not to. Can you help with that please? Thank you
Sure.
Convert EST to whatever timeframe you use, or find out the difference and add it.
Good
very helpful
Hello bro,you trade crypto n forex right?
Good to see you reside in India.. I'm a good scalper.. But how do you trade from India? As we are not allowed to trade in forex
informative
plase clearly tell us what time open and close in india timeing when i am google it it shows different timeing bro
great
Good boy keep it up.
Thank you, I will
Thanku so much sir Maine baht sare mistakes apke videos se learn Kiya hai
Glad it was helpful.
Hello bro,you trade crypto n forex right?
Your content is very Unique
Glad you are liking it.
Let me know if you have a video suggestion.
🙏🏻
Great Explains i from India🇮🇳
Thanks a lot😊
Glad it was helpful!
Thanks Sir
All the best
What currency pairs in US session?pls?
hi, nice presentation.
Thank you so much 🙂
Thanks
🙏🙏
@@TradersMonopoly plz give us 1 strategy to trade.... It will help us
You Can Do Video About Best Forex Broker in India. So, It can help the audience to open forex accounts and start trading.
What was the best time to trade at gold and silver in ist timing
You can trade gold from 1 PM IST onwards till 9:30 PM.
Thanks for the informative video . What session would you recommend trading cryptocurrency
New york session.
I like gold and pound
cool
London Session GBP/JPY and Tokyo Sesssion CAD/JPY
Your video is really good plz make beginer technical analysis video in details
Sure.
Stay tuned.
Can you tell me if I start trade in London session in gbpusd example how to take decision when us session is about to start should I squareoff or continue before us start bcz trend might change in us sesssion pls suggest
Hi,
Unless it is Monday or Friday, you can just hold your trade till your profit potential is reached.
The change in trend is not much consistent.
You can keep on holding the trade, just put the stop loss at breakeven in case the trend changes.
And if it is Monday or Friday then you should probably book half of your profit and leave the Half floating with stop loss at breakeven.
I hope that helps.