Sessions and events
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.
GFN’s figure
A weekend gap on the Sunday reopen is measured against GFN's equity-based limits the moment it prints. Weekend holding is permitted where the account allows, and the gap risk is the trader's.
In detail
Sydney session,explained
Thin books at the weekly open mean spreads are at their widest and slippage at its most likely, which makes it a poor time to enter and a common time to be stopped out.
For a trader holding over the weekend it is the moment the weekend's news is priced, all at once.
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.
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.
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.
Slippage
The difference between the price requested and the price filled. It appears when the market moves between order and execution, and it is most pronounced around news and at thin points in the session.
Swing trading
Holding positions for days or weeks to capture a larger move. It requires wider stops, which means smaller positions, and it exposes the account to overnight swap and weekend 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