Forex - Trading the Asian Session

By: Kelvin Chan

Each and every single day, millions of traders all over the world trade Forex. But not all of them trade it at the same time or during the same session.

In each 24 hour cycle, there are namely 3 sessions. The Asian session, the European (or the U.K session) and the U.S session. The Asian session is the first to kickstart each day. As you can imagine, if we were to stereotype or generalise, each trading session would have their own temperaments and styles. More technically put, they would exhibit different ranges and behaviour.

We'll be taking a brief look at just the Asian session this time round. The major trading cities for the Asian session include Sydney, Tokyo and Singapore. Oh and who can forget Hong Kong?

These cities contribute most of the trading volume experienced during the Asian session.

Within this trading session, the most popular pairs traded include USDJPY, EURJPY and EURUSD of which USDJPY would tend to be the most active since the Japanese yen is a major international currency.

Most forex traders tend to focus their trading efforts on the European session and the U.S session though because that's where most of the action takes place and that's also where most of the trading range is produced.

When trading the Asian session, some would describe it as watching the paint dry because it moves a lot slower than when the European cities are trading.

With that said, some traders I know enjoy trading the Asian session because they are able to consistently pick good and reliable moves so much so that they do not need to be trading the other 2 sessions.

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