Forex Trading Sessions Quiz: Test Your Knowledge

Question 1

The forex market is open 24 hours a day during the week. When does that trading week actually begin, in UK time?

Accepted Answer

Sunday evening, when the Sydney session comes online around 9pm to 10pm

Question 2

The market rarely fully closes during the week, so why is trading in the quiet hours often a bad idea?

Accepted Answer

Spreads widen and thin markets produce erratic, stop-hunting moves

Question 3

During the Tokyo session, the heart of the Asian trading hours, which pairs tend to see their cleanest movement?

Accepted Answer

Yen pairs such as USD/JPY, EUR/JPY and AUD/JPY

Question 4

Which single session handles the largest share of daily forex turnover?

Accepted Answer

London

Question 5

Why is the London to New York overlap, roughly 1pm to 5pm UK time, widely seen as the best window to trade from the UK?

Accepted Answer

The two largest centres are open together, giving more volume, tighter spreads and cleaner moves

Question 6

How does the article suggest treating the minutes around a major scheduled news release?

Accepted Answer

As their own kind of session, often best sat out rather than guessing the first spike

Question 7

The article says time of day is not a setup on its own. What does it mean by that?

Accepted Answer

A session gives context: the same setup is worth more when there is volume behind it