Summary Finding the most profitable currency pair for trading can be challenging, but focusing on high-volume pairs during specific trading sessions can simplify the process. For example, pairing the Japanese Yen with another currency that is not open during the Asian session can be effective. Similarly, pairing the Pound with the Yen or Gold during the London session can yield profitable trades. In the New York session, trading the US Dollar against the Yen eliminates the need for analysis on multiple currencies. Highlights 🌐 Focusing on high-volume currency pairs during specific trading sessions simplifies trading decisions. 📈 Pairing the Japanese Yen with another non-Asian session currency, like the Pound or the US Dollar, can be effective during the Asian session. 💷 During the London session, trading the Pound against the Yen or Gold can be profitable. 💰 In the New York session, trading the US Dollar against the Yen reduces analysis to a single currency. 🚫 Avoid trading currency pairs with low volume or during sessions when one or both currencies are closed.
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This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?
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This is somehow making sense since in order to have good trade must be moving in different direction. I salute you sir. This is what many many people fail to understand
Excellent rationale for why some pairs/assets are dead during specific sessions. And it makes sense to trade an active currency paired against one whose key session is closed to reduce the need for double analysis.
Dont forget there is also an overlap for the first 2 hours of London when Asia is also open but coming to an end. So there is a spike in volume within these 2 hours with 2 markets open and overlapping not just when London and New York is open.
Kindly make a video on how to trade on daily time frame, what are do and don't for daily time frame. My understanding is that trading sessions become irrelevant when trading daily time frame. Am I thinking right?
Currencies never close banks have offices in every major city in every time zone so currencies are always being traded. Japanese banks have offices in NY and London and Western banks have offices in Asia and Australia. They just pass the trade onto those offices
Doesn't make any sense, USDJPY can be seen with huge volume while London session, same EURJPY also could be volatile while US session if eventhough if London session closed. Don't forget currency coorelations matter a lot
Sir a doubt here what if iam treading eur/usd and its the time of London and new York overlap time in this case is it we have to analyse the both? And tell me how to play with eur/usd its also a high volitilty
Raja has like 7 different videos about currency pair same stuff. I am not a hater. simply i am using critical thinking.. same topic, why, for clicks, monetization, how many of these guys actually trading.
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