The concept of a trading session is important as it refers to the trading hours during which the market of a given country is open. The trading sessions vary between stocks, futures, forex, and bonds.
Since we are on the subject, we would like to discuss the term “extended trading.” It is trading outside the regular trading hours of the listing exchange conducted by electronic networks.
The first trading session to start is the Asian session. It is active from 11 pm to 8 am GMT. Participants tend to be most active in the morning. The Asian trading session closes on Friday and opens again on Monday.
The London session is the largest of all, accounting for over 30% of the world’s forex transactions. It runs from Monday through Friday from 7 am to 4 pm GMT, which is quite logically considered the official business hours in London.
The North American session kicks off at noon, and it runs to 8 pm. This means that when the North American session opens, the London session is still running.