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How Does The Asian Trading Session Operate?

By Author: Viet Son
Total Articles: 1

The breadth and expanse of the foreign exchange market are truly global. Unlike the stock market, the forex market is 24 X 5. This means that it operates 24 hours a day for five days a week. This makes it highly lucrative for traders who can take part in forex trading at any time of the day or night throughout the week. While the market stays open for 24 hours, it has been divided into 3 trading sessions in order to categorize on the basis of high trade volumes during the sunlit hours.

The global forex trading market is divided into three sessions- The Asian, The European, and The American, in the order they open. The first one to open each week is the Asian session as Asian countries and Australia-New Zealand are the first countries that see daybreak. As it is open during the market hours of several lucrative currencies such as Japanese Yen, Chinese RMB and the dollars of Australia and New Zealand, it sees large trade volumes each day.

Key features of the Asian Trading session:
•As it opens; only easterly centers such as Sydney are open. Hence, the volumes of online trading in Vietnam and volatility are relatively low.
•This session has relatively lesser liquidity compared to the European and American sessions.
•As Japan and China’s economic growth are closely tied to their exports, a large number of exporting and manufacturing companies take part in this session.
•While Hong Kong and Singapore, major financial hubs also fall under this session, a large number of commercial and investment banks take part in the forex trading session.
•As most of the economic data is released during the morning hours, this session sees volatility during the mornings.

The Asian online trading session is a beehive of activity predominantly driven by the Japanese Yen and the dollars of Australia and New Zealand. For novice traders from other countries that fall in the same time zone as the Asian session, trading can be highly lucrative. For novice traders who are engaged in Forex trading in Vietnam, partnering with reputed online brokers such as WesternFX can help them capitalize on the opportunities provided during this session and make the best returns from the same.

More About the Author

WesternFX, a reputed STP and ECN forex broker in Vietnam , provides a wide range of trading options.

Total Views: 54Word Count: 371See All articles From Author

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