Sessions and events
Asian session
The first major window of the trading day, centred on Tokyo and running roughly 00:00 to 09:00 UK time. Ranges are narrower and yen pairs and Australasian currencies are the most active.
Also called: Tokyo session
GFN’s figure
Holding overnight or over a weekend is permitted on GFN accounts where the account and underlying market allow - and weekend gaps remain the trader's risk, including where a gap causes a breach.
In detail
Asian session,explained
Lower volume means tighter ranges and wider spreads, which suits range strategies and is unkind to breakout ones.
It is also where the trading week begins. The Sunday evening reopen frequently gaps against Friday's close, and a position held over the weekend meets that gap first.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Sydney session
The first session to open each week, from around 22:00 UK time on Sunday. Volume is the lowest of the four, and it is where the weekly gap against Friday's close appears.
London session
The European trading window, roughly 08:00 to 16:30 UK time. It is the highest-volume session in forex, and the one where the euro and sterling pairs do most of their daily range.
Session overlap
The hours when two trading sessions are open at once. The London-New York overlap, roughly 13:00 to 16:30 UK time, carries the highest volume and the tightest spreads of the day.
Market open
The moment an instrument begins trading for a session. Opens concentrate order flow that built up while the market was closed, which is why volatility spikes and spreads take time to settle.
Liquidity
How much can be traded at a given price without moving it. Deep liquidity produces tight spreads and reliable fills; thin liquidity produces wide spreads, slippage and gaps.
Also governed by /rules/overnight-and-weekend
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation