Because forex is a truly global market, you can trade 24 hours a day, five days a week. As one region’s market day ends, the next region’s market day begins. As the Asian trading session ends, the European session begins, followed by the US session and then back to the Asian session, excluding weekend. This means you can trade on any region’s news as developments take place.
The main trading centers are in London, New York, Tokyo, Sydney, and Singapore, but banks throughout the world participate. The biggest forex trading center is London, followed by New York and Tokyo.
The times when two sessions overlap are the most exciting as it is then that you will find high volumes being traded and maximum volatility which presents opportunities. The European session has the most volume traded since it is sandwiched between the Asian and the US sessions. Approximately 50% of the daily forex volume goes through the EU session.
Remember, even though you’re able to trade 24 hours a day, it’s better to plan your trading activity in order to catch the best action for a chance to maximize your profits and minimize your losses.