Forex Session Times in the Philippines - Best Time to Trade Forex

Classical Forex Trading Sessions

The rates of various currencies throughout the world are affected during a trading session, which is a period of time when the banks and trading platforms of one or more countries located in the same geographic area actively trade on the Forex market. Trading sessions that overlap each other often have a big impact on the liquidity and volatility of the market.

FX Sessions

To determine the busiest and most volatile time for trading foreign exchange, Traders Union looked at the key trading sessions in Asia (Tokyo), the Pacific Region (Sydney), Europe (London), and America (New York). The trading sessions in the aforementioned financial hubs make up more than 65% of the global FX market in terms of volume. 35% of the global liquidity is held in London, 20% in New York, 6% in Tokyo, and 4% in Sydney.

Best Forex Brokers in the Philippines

1

9.4/10

Go to broker

Your capital is at risk.

Minimum deposit:

$10

Bonus for deposit:

60%

Regulation:

FSC

Review

RoboForex is a brokerage company that was founded in 2009. RoboForex is a leading software developer in the Forex industry and one of the best Forex brokers based on client reviews.

RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize (license No. 000138/437).

Pros/Cons

•Availability of favorable trading conditions and a minimum deposit

•Unique investment program CopyFx

•Highest affiliate payments: up to 84% of the fee paid by the referral

•Market launch - STP and ECN

•Instant withdrawal of funds

•Minimum deposit - $10

•A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime

•Lack of tools when trading on the R StocksTrader platform

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2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

$100

Bonus for deposit:

0%

Regulation:

ASIC, SCB, CySEC, FCA

Review

Eightcap offers more than 800 trading instruments, namely CFDs [contract for (price) differences] on currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals. The broker has a minimum deposit of $100, a free demo account, and two live account types, which differ in trading costs. One account type has standard spreads without a fee, and the other has raw spreads that carry a brokerage fee. The maximum leverage is 1:500. Traders can use any strategy with minimal restrictions. Trading is carried out through MetaTrader 4, MetaTrader 5, and TradingView. Eightcap has two main features. First, the broker has a powerful training and analytical base. Second, the platform offers a number of unique tools, for example, Capitalise.ai, which provides automated trading with minimal risk. At the same time, there are no options for passive income, not even a referral program.

Pros/Cons

•The broker is registered in the Bahamas and Seychelles, and is regulated by the Securities Commission of the Bahamas (SCB, SIA-F220), ASIC (391441), FCA (921296), CySEC (246/14). Also, it partners with many proprietary firms;

•Traders need to deposit only $100 to open a live account, and the broker imposes few trading limits on its clients;

•Hundreds of the most popular CFDs are available, and the pool is constantly expanding;

•Eightcap provides one of the most profitable trading costs with really tight spreads;

•Almost all options for depositing/withdrawing funds are available and the broker does not charge a withdrawal fee;

•The broker’s clients can work through any of the three top trading platforms, including mobile versions of the MetaTrader solutions;

•The company provides high-quality training, extensive analytics, and its own developments for automated trading.

•No joint accounts, copy trading, referral program, or other options for passive income;

•Eightcap has some regional restrictions. For example, some services are not available in Australia;

•The broker's technical support is efficient and competent, but it is not available on weekends.

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Your location is United States

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What is the Best Time to Trade Forex in the Philippines?

Even though each exchange runs separately, they all deal in the same currencies. As a result, there are much more traders actively buying and selling a particular currency when exchanges in two markets are open. All open exchanges in the currency market are immediately affected by the bids and requests on one exchange. Because of this, market spreads are narrower and volatility is higher during the following windows:

Best Time for Forex Day Trading in the Philippines

Naturally, the most advantageous period to trade foreign exchange in any nation is when the market is most volatile and liquid. The Philippines also fit this description. Thus, it should come as no surprise that the optimum times to trade forex are during the breaks between trading sessions. Both a high level of order activity and a greater exchange rate can be seen during these times.

For Filipino traders, the London and New York session overlap is the most significant of the overlaps. There is a lot of liquidity at this time, with the CAD/USD and EUR/USD currency pairings seeing the most action.

Best Forex Pairs to Trade in the Philippines Trading Sessions

The specialists at Trader Union have also spent time investigating the ideal forex pairs to trade during trading sessions in the Philippines. Our team of Traders Union professionals initially examined statistical data on transaction volumes on the Forex market from reliable sources in order to determine the most liquid currency combinations.

The EUR/USD currency pair accounts for 27.95 percent of all trading on the foreign exchange market, according to the Bank for International Settlements. It is followed by USD/JPY, which accounts for 13.34% of the total trading volume. The positions of the following currency pairings are as follows:

All remaining currency pairings account for the remaining 12.33%.