The Trading Environment
Module 11 — Trading Sessions
The market runs 24 hours on weekdays, but it is not equally active for 24 hours. Activity follows the world's financial centres.
| Session | Character |
|---|---|
| Asian (Tokyo, Sydney) | Quieter ranges, often building the levels later sessions react to |
| London | The largest volume of the day; ranges expand and direction is often set |
| New York | High volume, US data releases, strong overlap with London |
| London / New York overlap | The most liquid window of the trading day |
Choosing a session that fits your life is a genuine strategic decision. Trading the London open badly because you are exhausted is worse than not trading at all.
Key concepts
- Activity follows financial centres
- London and New York often bring more liquidity
- Timing affects spread and movement
Practical example
A pair may remain quiet in Asia, then expand as London participants enter.
Common mistake
Trading every session instead of choosing one that fits a repeatable routine.
Knowledge check
Check your understanding
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