2. Trading Financial Instruments During The London Session
Just when the Asian Markets are closing up shop, the Europeans are just starting their trading day.
London is considered the largest Forex capital of the world, with thousands of businesses making transactions every minute, and about 30% of all Forex transactions happen during the London Session.
This Session does overlap with the New York Session, which we will talk about later.
Because of the volume of transactions that take place, there is so much liquidity during the European Session that almost any pair can be traded.
It would be best to stick to the majors such as EUR/USD, GBP/USD, USD/JPY as these pairs typically have the tightest spreads.
Also, it is these pairs that are normally directly influenced by any news reports that come out during the European Session.
You can also try the Yen crosses such as GBP/JPY and EUR/JPY.