Pips

A tutorial guide to buying and selling pips thanks to www.babypips.com
Trading Sessions:
Summer (approx. April - October)
Time Zone | EDT | GMT |
Sydney Open
Sydney Close | 5:00 PM
2:00 AM |9:00 PM
6:00 AM |
Tokyo Open
Tokyo Close | 8:00 PM
5:00 AM | 12:00 AM
9:00 AM |
London Open
London Close | 3:00 AM
12:00 PM | 7:00 AM
4:00 PM |
New York Open
New York Close | 8:00 AM5:00 PM | 12:00 PM
9:00 PM |
Winter (approx. October - April)
Time Zone | EST | GMT |
Sydney Open
Sydney Close | 5:00 PM
2:00 AM | 10:00 PM
7:00 AM |
Tokyo Open
Tokyo Close | 7:00 PM
4:00AM | 12:00 AM
9:00 AM |
London Open
London Close | 3:00 AM
12:00 PM | 8:00 AM
5:00 PM |
New York Open
New York Close | 8:00 AM
5:00 PM | 1:00 PM
10:00 PM |

Let's take a look at theaverage pip movement of the major currency pairs during each trading session.
Pair | Tokyo | London | New York |
EUR/USD | 76 | 114 | 92 |
GBP/USD | 92 | 127 | 99 |
USD/JPY | 51 | 66 | 59 |AUD/USD | 77 | 83 | 81 |
NZD/USD | 62 | 72 | 70 |
USD/CAD | 57 | 96 | 96 |
USD/CHF | 67 | 102 | 83 |
EUR/JPY | 102 | 129 | 107 |
GBP/JPY | 118 | 151 | 132 |
AUD/JPY | 98 | 107 | 103 |EUR/GBP | 78 | 61 | 47 |
EUR/CHF | 79 | 109 | 84 |
From the table, you will see that the European session normally provides the most movement.
Let's take a more in depth look at each of the session, aswell as those periods when the sessions overlap.
Tokyo Session:
The opening of the Tokyo session at 12:00 AM GMT marks the start of the Asian session. You should take note that the Tokyo sessionis sometimes referred to as the Asian session because Tokyo is the financial capital of Asia.
One thing worth noting is that Japan is the third largest forex trading center in the world.
Thisshouldn't be too surprising since the yen is the third most traded currency, partaking in 16.50% of all forex transactions. Overall, about 21% of all forex transactions take place during this session....