What Are the Best Pairs to Trade During London Session?

By Michael Ferguson

If you’re a forex trader, you know that the London session is one of the most active trading sessions in the market. With over 70% of all trades occurring during this time, it’s no wonder that many traders consider it to be the best time to trade.

But what are the best pairs to trade during this session? Let’s take a closer look.

Why London Session is Important

Before we dive into the best pairs to trade during this session, let’s first understand why it’s important. The London session opens at 8:00 AM GMT and closes at 4:00 PM GMT. During this time, there is an overlap with other major trading sessions, such as Asia and North America, which results in high liquidity and volatility.

The Best Pairs to Trade During London Session

Now that we understand why the London session is so important let’s take a look at some of the best pairs to trade during this time.

EUR/USD

The EUR/USD pair is one of the most popular currency pairs in forex trading. It’s also one of the most traded pairs during the London session. The Eurozone and US economies are closely linked, so any news or events that impact either country can have a big impact on this pair.

GBP/USD

The GBP/USD pair is another popular pair that sees a lot of activity during the London session. As with EUR/USD, any news or events related to either country can have a significant impact on this pair.

EUR/GBP

The EUR/GBP pair is an excellent choice for traders who want exposure to both Europe and the UK. This pair tends to be less volatile than EUR/USD and GBP/USD but still offers plenty of opportunities for profitable trades.

GBP/EUR

The GBP/EUR pair is the opposite of EUR/GBP, with the pound being the base currency. This pair is also popular among traders who want exposure to both Europe and the UK.

USD/JPY

The USD/JPY pair is another popular choice during the London session. Japan is a major player in the Asian markets, and any news or events related to this country can have a big impact on this pair.

Conclusion

In conclusion, there are many great pairs to trade during the London session. The key is to choose pairs that are highly liquid and offer plenty of opportunities for profitable trades. By focusing on these pairs, you’ll be well on your way to success in forex trading.

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