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What are tradeking forex spreads during tokyo session?

TradeKing Forex is a popular online forex trading platform that offers traders access to various currency pairs, including the most popular ones like EUR/USD and USD/JPY. One of the most important factors that traders need to consider when trading forex is the spread, which is the difference between the bid and ask price of a currency pair. In this article, we will explain what are TradeKing Forex spreads during the Tokyo session, which is an important trading session for forex traders.

The Tokyo session is one of the major forex trading sessions, along with the London and New York sessions. It starts at 7 PM EST and ends at 4 AM EST, which means that it overlaps with the end of the New York session and the beginning of the London session. The Tokyo session is also known as the Asian session, as it covers the trading activity in the Asian markets, including Japan, Australia, and New Zealand.

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During the Tokyo session, TradeKing Forex offers spreads that vary depending on the currency pairs being traded. The most popular currency pair traded during this session is the USD/JPY, which is also known as the “ninja” pair. The spread for this pair during the Tokyo session starts from 1.8 pips, which is relatively low compared to other currency pairs.

Other currency pairs that are popular during the Tokyo session include the AUD/USD and the NZD/USD, which are both tied to the Australian and New Zealand economies. The spread for these pairs during the Tokyo session starts from 2.0 pips, which is also relatively low compared to other currency pairs.

It is important to note that the spreads offered by TradeKing Forex during the Tokyo session may vary depending on market conditions, liquidity, and other factors. Traders should always check the current spreads before placing trades to ensure that they are getting the best possible deal.

In addition to the spreads, traders also need to consider other factors when trading forex during the Tokyo session. One of the most important factors is volatility, which can be high during this session due to the overlapping of the Asian and European markets. Traders need to be prepared for sudden price movements and adjust their risk management strategies accordingly.

Another important factor to consider when trading forex during the Tokyo session is news releases and economic data from Japan and other Asian countries. These can have a significant impact on the currency markets, especially for the yen and other Asian currencies. Traders need to stay informed about the latest news and events and be prepared to adjust their trading strategies accordingly.

In conclusion, TradeKing Forex offers competitive spreads during the Tokyo session for popular currency pairs like USD/JPY, AUD/USD, and NZD/USD. Traders need to be aware of the volatility and news releases during this session and adjust their risk management strategies accordingly. By staying informed and taking advantage of the low spreads offered by TradeKing Forex, traders can potentially profit from the opportunities presented by the Tokyo session.

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