The London trading session is one of four main forex trading sessions, alongside Sydney, Tokyo and New York. According to a 2019 report by IFS, the London session accounts for 34% of the trading activity on the global forex market.
The trading hours for the session fall within official business hours in London, between 07:00 – 16:00 GMT (Greenwich Mean Time).
Sometimes the London session is referred as the ‘European session’, as considered the financial trading capital of Europe.
What is the best time to trade the London forex session?
The best time to trade the London forex session depends on what you’re looking for as a trader. However, both volatility and volume tend to peak as the London session opens, during overlaps with the Tokyo and New York sessions, and when macroeconomic data is published.
Toward the end of the London morning session, volatility decreases as FX traders break for lunch before the New York session.