The London Session
The London market opens at 8am GMT (3am EST) and closes at 4pm GMT (11am EST). Most of the daily trading volume in the market occurs during this time.
The currencies most actively traded during this period are the USD, EUR, GBP, CHF and JPY.
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The New York Session
New York opens at 1pm GMT (8am EST) and closes at 8pm GMT (3pm EST). This is the second largest trading period in terms of transaction volume.
The Asian Session
Last but not least, the Asian session opens in Tokyo at 1am GMT (8pm EST) and closes at 8am GMT (3am EST). Compared to the London and New York sessions, the Asian session usually experiences less volatility in the market. However, some good currency moves may be observed every now and then.
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