New York Market – America

No comment 379 views

Previously we had a little discussion about active market sessions, now we will discuss the American market session or often called the New York session. The New York market accounts for at least 19% of total currency trading worldwide. New York is the center of trade and business in America. 
As we know that USD is the world currency and almost 90% of trade always involves this US Dollar.

Bank Of America
Bank Of America

Characteristics of the New York market session

High liquidity during the morning (early trading), because it is overlapping with the European session. 
When important US economic news releases will have enormous power to drive prices in the market. 90% of trade in the world involves the US Dollar. 
After the European market session closes, liquidity and volatility tend to decline. 
On Friday American time, trade dropped dramatically as Asian and European traders stopped trading to enjoy their weekends. 
Some trend reversals may also occur frequently over a period of time after the American session. Some traders don’t want to leave open positions to avoid things or news that might occur on weekends.
As in the European market, all pairs of pairs are very attractive trading in the American session. It’s just that you have to give Extra attention at a time when important news will be released, because the Dollar will move wildly even jumping up and down.

After reading the article above, maybe you are also interested in reading other articles related to the time and the following forex market sessions:

  • Asian Market Session
  • European Market Session
  • American Market Session
  • The best time for forex trading

author is a forex trading system website that started to be published since 2011 and has been used by thousands of traders around the world. The system is very simple and accurate, priced at $ 167 for a lifetime membership with no monthly fees or hidden fees. Our team created this system by testing thousands of indicators then selecting 23 indicators and combining them into one great trading system.
No Response

Leave a reply "New York Market – America"