Each trader wants to trade during that session which provides a high rate of profit. There are different trading sessions in the trading market.
Each session has its own benefits and cons as well. The London session is one of the most famous trading sessions that help you to get a reasonable profit.
So, what do you know about the best trading pairs during the London session?
Let me tell you!
No doubt there is a big list of pairs that you can trade during the London session. The most profitable ones are EUR/USD, GBP/USD, USD/CHF, and USD/JPY. These are best because they have high volatility. You can select a currency pair according to its transaction history of past trades.
This session covers about 35% of the trading activities of the forex market. That is enough for the best trading strategies.
The London session is the most active and fast trading session in the trading world. It also keeps focusing on overlaps and the most appealing characteristic is its high volatility.
There is much more to enhance your knowledge.
Let’s start reading this post.
What Is London Session
If you are planning to start forex trading during the London session, it’s important to give the answer to the question:
What is the London session in forex trading?
Most trades take place in London because it is a very suitable and planned place for trading. It works for both the London Forex market and the Stock market as well to cover all active trading time periods.
EUR/USD, USD/CHF, GBP/USD, and USD/JPY are the most traded currency pairs in the forex market during the London session.
It has a high level of liquidity and volume of purchasing and selling. Traders can use their currency pairs at a very low ratio of spreads that is a key factor to trade successfully.
Best Currency Pairs During London Session
Always try to choose the currency pair for trading that has a high volume of transactions with liquidity.
Such pairs have also a tight spread that makes them superior to other currency pairs. The London session in Forex trading is also introduced as a European trading session.
Why?
The main reason is all the main economical centers of the London session are found in Europe.
Here is a table that will show you all possible trading pairs during the London session with the Pip ratio.
Currency Pairs | Pip Range |
EUR/USD | 83 |
USD/JPY | 36 |
USD/CAD | 66 |
GBP/USD | 82 |
AUD/USD | 60 |
NZD/USD | 64 |
USD/CHF | 58 |
GBP/JPY | 102 |
EUR/JPY | 80 |
EUR/CHF | 30 |
EUR/GBP | 40 |
AUD/JPY | 86 |
Remember that all the above-mentioned pip ranges are not completely right. All the data is arranged from the past history of trading plans.
So, don’t consider it accurate. It will be less or increased according to market conditions.
4 Best Currency Pairs To Trade London Session
The above-mentioned table has a big list of currency pairs that are mostly used in London sessions, but four are usually used by many traders, these are EUR/USD, GBP/USD, and USD/JPY.
Let’s get detailed info about these currencies!
EUR/USD
It is one of the best forex trading pairs that are very famous among traders who want to trade during the London session.
Why is it very popular?
In comparison to other brokers in the forex market, this pair has a low ratio of spreads that is a very attractive offer for traders.
Additionally, it has no more liquidity than the other currency pairs have. That,s why, if you are a new trader and can’t face the risk, it is the best choice for you.
USD/CHF
Basically, CHF does not have much importance if it stands alone. Along with the USD, it becomes the best currency in the forex market. It is connected with USD/JPY and makes it possible for traders to achieve their profit according to their trading plans.
The reason for its popularity is nothing except its volatility and safety from risks. This currency pair can easily manage risk and increase the chances of rewards.
GBP/USD
There are many factors behind the popularity of this currency pair. It is famous because it provides rewarding pips and helps a trader to jump towards the peak of success.
Here is a key point that must be noted that all the high levels of profits have big chances of risk. You can make different groups of this currency pair according to its volatility level.
Many traders get persuaded to this currency pair because it is easy to understand and you can get accurate info about it online at different websites.
USD/JPY
This is the most regular currency pair that is circulated in the forex trading market. It is famous because of its low spreads and smooth inclinations.
These factors are rarely seen in any other currency pair. It is appealing to traders because it offers you chances to gain profit and get success.
It helps you to move with market trends and get the latest price charts about currency pairs. It has also low spreads.
Important Tips To Trade In London Session
You must be fully aware of the working elements of all trading markets because it helps you to emerge in the London session of forex trading.
If you invest during the London session effectively, you will be able to achieve high leverages in forex trading.
Below are some main tips to understand this trading session properly:
- The main key factor of the London session is that you can get a high volume of volatility and liquidity that may increase with time.
- Amazingly, it will provide you with different options to trade with breakouts than any other session.
- Forex trading during the London session provides you an opportunity to keep focusing to extend it along with the New York session.
- So that you can invest on large scale for increasing liquidity and volatility without any fear of loss.
Finally, if you give importance to the above-mentioned key points, the trading in London session may become an easy task for you.
Frequently Asked Questions
What should you trade during the London session?
The major forex pairs to trade during the London session are GBP/USD and EUR/GBP. These pairs may work successfully not only in London and New York markets but also during the European sessions.
What are the most moving pairs during the London session?
The best currency pairs during the London session are EUR/USD, USD/JPY, and GBP/USD. These are the most affected pairs because of their high volumes.
What is the best time to trade the London session?
The London trading markets have the heaviest volume of trading from 8:am to Noon EST. It is the best time to attain all essential opportunities of trading.
Conclusion
Hopefully, after reading this post, you are fully aware of the best trading pairs that you can select during the London session.
If you trade according to the table of currency pairs, it may be possible to have a successful trading time period.
You can get help from the four best currency pairs that are usually used by traders because of their low spreads and high volatility.
Have you found this post informative? If yes, what are you waiting for?
Be quick to share it with your friends who are trading in the Forex market.