Best Currency Pairs to Trade in Each Trading Session - YouTube

I bet no one ever told you this.

But one of the secrets of successful forex trading is trading the currencies based on

the trading sessions.

Because trading specific currency pairs based on sessions provides you with high liquidity

and the best times to trade any financial asset is when there is a lot of market participation

i.e. when there is a lot of liquidity and volume in the market.

During high liquidity, traders are actively trading and placing orders.

This is turn allows individuals to get good and quick fills on their orders and that too

with lower spreads.

Hey guys, welcome to forex monopoly.

My name is Daksh and in this video, I will tell you which currency pairs should you trade

during each trading session.

I am also gonna share with you what currency pairs are my personal favorites and when do

I trade them.

So, make sure you watch this video till the end.

Now you all might be well aware that there are different sessions in the forex market

and each one has its own timing during which it is active.

Like,

The Sydney trading session - 10 pm GMT to 7 am GMT

The Tokyo trading session - 11 pm GMT to 8 am GMT

The London trading session - 7 am GMT to 4 pm GMT And

The New York trading session - 12 pm GMT to 9 pm GMT

By the way, if you don't know about trading sessions I have added a video on that, you

can check it out by clicking the I button.

Now, each trading session is linked to one or a few countries, like the Sydney session

is linked to Australia and New Zealand.

As these two countries are most active during this time.

The Tokyo trading session is linked to Japan and other Asian countries and in the same

way, the London trading session is linked to the UK and European countries.

So during a particular trading session, a country linked to it is heavily active and

a lot of transactions are being made with a lot of traders ready to buy and sell the

currency of that country.

This provides with high liquidity and hence quick fills of the orders and lower spreads.

When we have a closer look towards the timings of the sessions we can notice some overlaps

in them where at that particular time two markets are functioning together.

Like, there is an overlap between the Sydney and Tokyo session, between Tokyo and London

session, as well as between the London and New York session.

(EXPLAIN OVERLAP PROPERLY USING TEXTS IN VIDEO)

During overlaps, volumes increase more as traders from two different time zones are

up and ready to look for opportunities in the forex market.

Now let us see which currency pair should you focus on during each trading session.

Before that, just remember that USD is the reserve currency of the world and the whole

world pays attention to it which means that it can be traded in any of the 4 trading sessions.

Let us start with the Sydney session which starts at 10 pm GMT.

Sydney session is the first session of the forex market and during this session, you

can look to trade currency pairs that include the AUD and the NZD.

For example, AUD/USD, NZDUSD, AUD/NZD.

The next trading session is the Tokyo trading session and you can trade JPY pairs during

the Tokyo trading session.

For example, USD/JPY.

Now, you might have noticed that there is an overlap of 8 hours during these two sessions

which means that you can trade the currency pairs that include JPY, AUD, and NZD during

this overlap.

For example, USD/JPY, NZD/JPY, AUD/JPY, AUD/USD, AUD/NZD, etc.

The next is the London trading session which is the most volatile and liquid session and

you can trade the currency pairs that include EUR and GBP.

The New York trading session starts at 12 PM GMT and again this is one of the most active

trading sessions.

During this trading session, you can trade any of the 8 major currency pairs.

In the overlap of the new york and London trading sessions that is from 12 PM GMT to

4 PM GMT, the volatility and liquidity are at the peak as many traders look for opportunities

during this session and EUR/USD and GBP/USD are my favorite ones.

.

This time is considered the best time for day trading and scalping and you can trade

any of the major currency pairs during this time.

I hope you are enjoying this video and things are making sense to you if you are then make

sure you hit that like button.

Now I will tell what currency pairs I target and why I do so.

I like to look at limited currency pairs throughout the day as I think looking at too many currency

pairs causes a lot of distraction and unnecessary emotions.

I live in India, and when I wake up normally at 5 in the morning the London and Tokyo sessions

are active.

During this session, I normally focus on USD/JPY, AUD/JPY, and NZD/USD.

But if I have any other pair listed in my watchlist which has a chance of opportunity

then I include that too.

I continue watching these pairs till 11 AM then I focus on some other important things,

play with my niece and my dog Leo, eat my lunch then again start looking for opportunities

at 1 PM when the London trading session is active.

During this time I focus on EUR/USD, GBP/USD, and GBP/JPY.

I trade these pairs till 4 PM then again take a break and begin trading at 6:30 PM when

the London and NEW YORK sessions are overlapped.

This time period is the most exciting one for me as the markets are good and running

and a lot of opportunities are presented.

During this time period, I trade USD/JPY, EUR/USD, GBP/USD, USD/CHF, USD/CAD, and other

major currency pairs depending upon the opportunities I have marked in my journal.

Finally, I call it a day at 9:30 PM and stop trading until the next day.

So, these are my favorite trading pairs as per the trading sessions and this is how I

trade them.

Let me know which pairs do you prefer to trade during different trading sessions in the comment

section below.

Also, let me know if you have any suggestions or want me to make a video on your choice

of topic.

And do subscribe to this channel as I am going to add a new day trading strategy very soon.

I hope you enjoyed this video, thank you so much for watching.