Secrets of trade in the Asian session

by John Smith Learner

Almost every trader knows that the characteristics of the pricing dynamics of financial instruments depend not only on the selected asset, but also on the forex trading period. On many specialized sites, novice traders may come across such recommendations:

work should be from 09-00 to 17-00 Moscow time, because at this time there is a peak in the volatility of liquid assets;
High volatility opens up promising opportunities for traders.

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Such statements are quite reliable, since it is the instability of financial market creates all the conditions for high profits. But is it really easy for novice traders to manage capital in such conditions?

Trading in conditions of high volatility is fraught with high risks, thereforex, at the first stages of Forex trading real money, newcomers are advised to pay attention to more affordable methods of earning, which differ from classical trading methods not only with moderate risks, but also with attractive profit potential. It is precisely such methods of trading that will be discussed in this article.

Features of the Asian trading session

Asian session - a trading period in the OTC market, in which mainly Asian traders work. The largest bidders in this period are considered to be the banks of Japan, Singapore and Hong Kong. The Asian session lasts from 00:00 to 09:00 GMT or from 03:00 to 12:00 Moscow time. At this time, a period of consolidation is observed on liquid financial instruments - the price chart moves sideways within a narrow price range, the range of which rarely exceeds 10% of the average daily asset volatility. For trading, it is recommended to consider such currency pairs.

Before starting work, it is important to make sure that during the Asian session there are no scheduled speeches by political or financial figures, as well as the public data that can affect the dynamics of asset pricing. To do this, just pay attention to the economic calendar before starting a trade.

It is this period that novice traders should consider for gaining a basic trading experience.

Beginner traders are strongly advised to pay attention to personally tested forex trading strategies, with a yield potential of 10 to 75% per month. The presented methods of earning are quite simple, but very effective. They can be used by novice traders to disperse the deposit. After studying the material, everyone can begin to put them into practice and get their first profit by Compare brokers.

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