Generally speaking, the Forex market is superb as they are open all the time and provides an excellent opportunity for traders with a wide range of currencies to choose from and to trade 24 hours a day. As the Forex Market is open round the clock, it brings up an important question to our mind as to when to trade, what to trade, and what Forex session to trade to get secure profit and minimize losses.
Every trader has his perception about trading sessions, some like to trade European session and other see the American session useful due to great volume and volatility. But the Asian session has its advantages, I would like to unfold some of them. And you can judge better as they are good or bad as Asian session is often considered as slower and is often described as watching the paint dry as it has less volume, less volatility. Besides this, it is a ranging and choppy market with less amount of pips comparatively. And traders have to wait for long as it is called the slower session. The only currency that has noteworthy activity is the JPY and this activity is often slow unless major financial news or event happens.
Benefits of the Asian session
However, there are a lot of benefits of trading this session
The Asia session is quite often opposite to the previous Newyork session.
Price often travels in a channel (up or down) or makes a price pattern.
Price often test the mid-level of previous Newyork session.
Watch for oscillators and indicators such as stochastic as they don’t provide wrong signals in this session.
Asian session foretells the European session’s direction and trend as European session often trades in one direction which can be opposite the Asian session or European session can pick up the Asian session’s trend.
Range breakout strategies often work best for this session, most of the trading systems are based on Asian session breakout strategies.
This session is good for scalping and ranging trades. So scalpers and range traders can make a lot out of this session and minimize losses.
Enter the trade at 18:45 EST often secure profits for you and minimize losses.
Before dramatic events and news, Asia usually sold and European and Newyork or American sessions would buy it up.
Asian session often sets the tone for trading as it is first to reflect any events from the past two days. Both European and American sessions don’t have this advantage as the news has been disseminated and digested by the time of these sessions.
This session is perfect for those who have a day job but truly want to test their abilities in trading or can use it as a side business. And also good for the newbies to start to practice their trading skills with having less amount balance in their account.
Though there is a lot of disadvantage of trading the Asian session as less volatility or volume, ranging and choppy market, but to trade the Asian session has its advantages.No one can deny the fact that this session gives us a more consistent profit. All of us know that European and American sessions provide much profit, a lot of pips, and great volatility, but great losses as well.
Sum Up:
No doubt each session is characterized by its unique, dynamic trading behaviour with particular currency pairs which dominate the trading in each session. But trading Asian session is your best chance to get in while the market is quiet and steady and in no mood to provide you false signals. And it will be one’s best chance to score quick profits. So choose a trading session in which you want to trade according to your convenience.
Happy pips!
Generally speaking, the Forex market is superb as they are open all the time and provides an excellent opportunity for traders with a wide range of currencies to choose from and to trade 24 hours a day. As the Forex Market is open round the clock, it brings up an important question to our mind as to when to trade, what to trade, and what Forex session to trade to get secure profit and minimize losses.
Every trader has his perception about trading sessions, some like to trade European session and other see the American session useful due to great volume and volatility. But the Asian session has its advantages, I would like to unfold some of them. And you can judge better as they are good or bad as Asian session is often considered as slower and is often described as watching the paint dry as it has less volume, less volatility. Besides this, it is a ranging and choppy market with less amount of pips comparatively. And traders have to wait for long as it is called the slower session. The only currency that has noteworthy activity is the JPY and this activity is often slow unless major financial news or event happens.
Benefits of the Asian session
However, there are a lot of benefits of trading this session
The Asia session is quite often opposite to the previous Newyork session.
Price often travels in a channel (up or down) or makes a price pattern.
Price often test the mid-level of previous Newyork session.
Watch for oscillators and indicators such as stochastic as they don’t provide wrong signals in this session.
Asian session foretells the European session’s direction and trend as European session often trades in one direction which can be opposite the Asian session or European session can pick up the Asian session’s trend.
Range breakout strategies often work best for this session, most of the trading systems are based on Asian session breakout strategies.
This session is good for scalping and ranging trades. So scalpers and range traders can make a lot out of this session and minimize losses.
Enter the trade at 18:45 EST often secure profits for you and minimize losses.
Before dramatic events and news, Asia usually sold and European and Newyork or American sessions would buy it up.
Asian session often sets the tone for trading as it is first to reflect any events from the past two days. Both European and American sessions don’t have this advantage as the news has been disseminated and digested by the time of these sessions.
This session is perfect for those who have a day job but truly want to test their abilities in trading or can use it as a side business. And also good for the newbies to start to practice their trading skills with having less amount balance in their account.
Though there is a lot of disadvantage of trading the Asian session as less volatility or volume, ranging and choppy market, but to trade the Asian session has its advantages.No one can deny the fact that this session gives us a more consistent profit. All of us know that European and American sessions provide much profit, a lot of pips, and great volatility, but great losses as well.
Sum Up:
No doubt each session is characterized by its unique, dynamic trading behaviour with particular currency pairs which dominate the trading in each session. But trading Asian session is your best chance to get in while the market is quiet and steady and in no mood to provide you false signals. And it will be one’s best chance to score quick profits. So choose a trading session in which you want to trade according to your convenience.
Happy pips!
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