Top FOREX trading centers

I want to present you the biggest financial Forex trading centers. In spite of the fact that FOREX traders are all over the word, majority of FOREX brokers, banks and funds have centers situated in just some locations.

WHY IS SO IMPORTANT TO KNOW WITCH MARKET IS OPEN?

The biggest volumes determine oftenly strong trends for local currencies. Best example is AUD/USD: it is very active on London sesion, but the major moves it makes on Australian time.

Why is that? During the open hours economic local news is published, price is very sensitive to it because australian financial institutions trade local currency.

This way we could know what are the  moments  for important trends to develope.

TOP 4 FOREX CENTERS

I. Great Britain

Daily volume: 1854 bd $

Market share: 32%

Biggest financial center. England banks trade twice the volume of the one traded by the US financial institutions.

Active currencies: EUR/USD, GBP/USD si USD/CHF. De asemenea, perechi care se misca mult in aceasta perioada sunt AUD/USD, NZD/USD, USD/JPY si USD/CAD.

II. United States of America

Daily volume: 904 bd $

Market share: 16%

On the first 3-4 US trading hours , London banks are still open and that is why we can see the biggest volume and trends.

Active currencies: The main traded currencies are the same as on London session, but USD/CAD and USD/JPY accelerate after New York opens.

III. Japan

Daily volume: 312 bd $

Market share: 9%

While japanese banks are open on forex market two important things are happening:

- EUR/USD and GBP/USD are moving slower because Europe and US are already closed

- asian currencies have a incresing movement, we include here USD/JPY, AUD/USD si NZD/USD.

IV. Singapore

Daily volume: 266 bd $

Market share: 6%

The banks of Singapore are open on the asian session, that is why big trends are developed by the same currencies as the Japanese market, you can also try to trade an exotic pair (USD/SGD), but the spread is wide. 

For the final

You can trade any currency pair you like and feel confortable with, but choose wisely the one that is chepest (low spread and commisions), most active (high volume, safe trend) and take action on your highest efficient time (do not trade when you are enthusiastic or nervous, tired or sleepy)

for suggestions, critics or whatever, I invite you to leave a comment below