In banks in Asia, America and Europe, the trader's working day begins at 7:30 in the morning. About half an hour is spent on analysis of recent events of the previous trading session. Traders read the press and economic reviews, analyze the impact of fresh fundamental and technical indicators. Speculators also collect rumors from colleagues from other companies, discuss forecasts of various analysts and exchange information with each other. During this period of the working day, traders try to predict all possible changes in exchange rates. At 8:00 the first deals are actively concluded. By this time, independent speculators are also determined with their tactics and begin to open positions. This gives exchange rates a strong boost. Forex trading is around the clock, so depending on the specific time you can observe the activity of markets on different continents.
Far East
The working day of a trader from the Far East begins at night and ends at lunchtime (in Moscow). Tokyo is active until noon, and Singapore until noon. Fluctuations in courses are insignificant and, as a rule, do not exceed 50 points. Most trading operations are related to the Australian dollar and yen.
Europe
Russian speculators are closer to the European market, as in Zurich, Frankfurt am Main, Luxembourg and Paris, the trader’s working day starts at 9:00. But truly active movements begin at 10:00, after connecting to trading on the London Stock Exchange. Revitalization lasts approximately 2-3 hours. Then comes the lunch time, and the fluctuations subside to 10-20 points. A similar market is called "dead." Depending on the situation, he may become “lively”. Then the fluctuations can reach as much as 100 points. Any international trader must have seen similar rate movements.
North America
At about 16:00 Moscow time, European dealers begin active work. They are connected to speculators from the United States, because the working day of a trader from America starts just at that time. Since the forces of European and American speculators are approximately the same, usually fluctuations do not go beyond the movements of the European session. Nevertheless, the opening of the New York Stock Exchange is very significant for dealers, because at 19:00 Moscow time, European banks will close, and the Americans will remain alone in the thin market. This is fraught with strong fluctuations in exchange rates, since the main currencies are associated with the US dollar. Volatility can be 400-500 points. Only speculators for whom Forex trading is not a game, but a profession, will "survive" on such a market. A trader can earn on such a movement only with a cold head and a clear trading system.
Russian market
And in conclusion, we will tell a little about the Russian currency market. It is fundamentally different from the world. First of all, ruble / dollar conversion operations, which can take place during the day. Transactions are made in two courses: today (tod) and tomorrow (tom). The first are before lunch, and the second after. It should be noted that transactions at the ruble / dollar exchange rate are relevant only for Russia and practically do not affect the world market .