Forex trading has become a popular choice among investors due to its accessibility and high potential for profits. The foreign exchange market operates 24 hours a day, five days a week, providing traders with plenty of opportunities to buy and sell currencies. However, not all forex pairs are available for trading at all times. In this article, we will explore what forex pairs can be traded at 8 pm Eastern time.
Forex Trading Hours
Forex trading hours vary depending on the time zone. The forex market is divided into four major trading sessions, including the Sydney session, the Tokyo session, the London session, and the New York session. The New York session is the most active and is considered the most important as it overlaps with the London session, creating high liquidity and volatility.
The New York session starts at 8:00 am EST and ends at 5:00 pm EST. However, the forex market is not closed during this time as it operates 24 hours a day. After the New York session closes, the Asian session starts, followed by the European session.
Forex Pairs Available for Trading at 8 pm Eastern Time
At 8 pm Eastern time, the New York session is closed, and the Asian session is in full swing. During this time, traders can still trade forex pairs, but the liquidity and volatility may be lower compared to the New York session.
The most actively traded currency pairs during the Asian session include the USD/JPY, EUR/JPY, and AUD/USD. These pairs are popular among traders due to their high liquidity and volatility during this time.
USD/JPY
The USD/JPY is a popular forex pair that represents the value of the US dollar against the Japanese yen. This pair is often referred to as the “ninja” because of its rapid movements and high liquidity during the Asian session. At 8 pm Eastern time, traders can still trade the USD/JPY, but the volatility may be lower compared to the New York session.
EUR/JPY
The EUR/JPY is another popular forex pair that represents the value of the euro against the Japanese yen. This pair is also highly volatile and liquid during the Asian session, making it an attractive choice for traders. At 8 pm Eastern time, traders can still trade the EUR/JPY, but the volatility may be lower compared to the London or New York sessions.
AUD/USD
The AUD/USD is a forex pair that represents the value of the Australian dollar against the US dollar. This pair is often referred to as the “aussie” and is popular among traders due to its high volatility and liquidity during the Asian session. At 8 pm Eastern time, traders can still trade the AUD/USD, but the volatility may be lower compared to the New York session.
Conclusion
In conclusion, forex trading is a 24-hour market, and traders can trade forex pairs at any time. However, not all forex pairs are available for trading at all times. At 8 pm Eastern time, the New York session is closed, and the Asian session is in full swing. During this time, traders can still trade forex pairs, but the liquidity and volatility may be lower compared to the New York session. The most actively traded currency pairs during the Asian session include the USD/JPY, EUR/JPY, and AUD/USD. As with any trading, it is important to conduct thorough research and analysis before making any trades.
