If you’re interested in trading forex, you may be wondering when the London forex session starts. The London session is one of the most active trading sessions in the world, and it’s important to know when it opens so you can plan your trades accordingly.
What is the London Forex Session?
The London forex session is a period of time during which there is significant trading activity in the currency markets. It begins when the Asian markets close and continues until the New York markets close. During this time, traders from all over the world are actively buying and selling currencies.
Why is the London Forex Session Important?
The London forex session is important for a few reasons. First, it’s home to some of the largest financial centers in the world, including London and Frankfurt. Second, it has a high volume of trading activity because many traders prefer to trade during this time due to its volatility and liquidity.
When Does the London Forex Session Start?
The London forex session starts at 8:00 AM GMT (3:00 AM EST) and runs until 4:00 PM GMT (11:00 AM EST). During this time, traders can expect high levels of volatility as well as significant price movements in certain currency pairs.
The Best Times to Trade During the London Forex Session
While the entire London forex session is active, there are certain times that are better for trading than others. One of these times is during what’s known as the “London Open,” which occurs between 8:00 AM GMT (3:00 AM EST) and 9:00 AM GMT (4:00 AM EST). This is when both the European and US markets are open, which means there’s a lot of liquidity in the market.
Another good time to trade during the London forex session is between 12:00 PM GMT (7:00 AM EST) and 4:00 PM GMT (11:00 AM EST). During this time, the US markets are still open, which means there’s still a lot of liquidity in the market.
The Most Active Currency Pairs During the London Forex Session
During the London forex session, certain currency pairs tend to be more active than others. Some of the most active currency pairs during this time include:
- EUR/USD
- GBP/USD
- USD/JPY
- EUR/GBP
If you’re looking to trade during the London forex session, it may be worth focusing on these currency pairs as they are likely to have higher levels of volatility and liquidity.
In Conclusion
The London forex session is an important time for traders who are interested in trading forex. It’s home to some of the largest financial centers in the world and has high levels of volatility and liquidity.
The session starts at 8:00 AM GMT (3:00 AM EST) and runs until 4:00 PM GMT (11:00 AM EST). If you’re planning on trading during this time, it’s important to pay attention to when certain currency pairs are most active and when there is the most liquidity in the market.