Jam terbaik untuk trading: Trading tidak perlu 23.4 jam

Rizki Aditama

16 Oct 202108:01

Summary

TLDRThis video script discusses the importance of trading during specific market sessions for optimal results. It explains that the Forex market operates 24 hours but is divided into three sessions: Asian, London, and New York. The script guides viewers on how to determine their local time zone's market session using tools like 'Forex time converter' and emphasizes the significance of trading during high-volatility periods, particularly in the New York session. It also touches on how to choose the right currency pairs based on the market session, providing practical advice for both full-time and part-time traders.

Takeaways

🕒 Forex trading doesn't have to be done 24 hours a day as market movements are concentrated in specific hours.
🌐 The trading day is divided into three sessions: the Asian session, the London session, and the New York session.
🔍 To determine the trading session, one can use a Forex time converter or check the local time zone to align with the respective session.
📈 Intraday traders, especially scalpers, should be aware of the trading sessions as market volatility can significantly impact their trades.
📊 Using tools like vertical lines on charts can help traders identify the start and end of trading sessions to make informed decisions.
🌆 The Asian session is typically slow, with the London session showing more movement, and the New York session often experiencing the most significant price action.
💡 It's crucial for traders to choose the right currency pairs that are most active during the session they are trading in.
🌃 Live trading sessions are recommended during the New York session when the market is most active, typically from 8:00 PM to 5:00 AM the next day.
💼 For those working full-time, the best trading times might be during the Asian or New York sessions, depending on their work schedule.
📈 The script suggests creating an indicator called 'Session Line' to automatically determine the trading sessions, which could be useful for traders.

Q & A

Is it necessary to trade 24 hours a day in the forex market?
-No, it is not necessary to trade 24 hours a day because market movements are concentrated during specific hours, which are discussed in more detail in the video.
What are the three main trading sessions in the forex market?
-The three main trading sessions are the Asian session, the London session, and the New York session.
How can one determine their local time zone in relation to the forex market sessions?
-One can use tools like Google or a website like forex.timezoneconverter.com to determine their local time zone and align it with the respective forex trading sessions.
Why is it important to know the trading sessions for forex trading?
-Knowing the trading sessions is important because different sessions have different levels of market volatility and liquidity, which can impact trading strategies, especially for intraday and scalping traders.
How does the movement of currency pairs differ during the Asian, London, and New York sessions?
-During the Asian session, movements are generally slower, while the London session sees more significant fluctuations. The New York session often experiences the most drastic changes, especially for currency pairs involving the US Dollar.
What is the purpose of using a vertical line tool in forex trading?
-The vertical line tool can be used to mark the beginning and end of trading sessions on a chart, helping traders to identify periods of high volatility and make informed decisions.
What is the significance of the overlap between the Asian and London sessions in forex trading?
-The overlap between the Asian and London sessions often leads to increased market activity and can provide trading opportunities as different market forces interact.
How can traders optimize their trading hours if they have a full-time job?
-Traders with full-time jobs can optimize their trading hours by focusing on the sessions that align with their free time, such as the Asian session in the morning or the New York session in the evening.
What currency pairs are typically more active during the New York session?
-Currency pairs involving the US Dollar, such as USD/CAD, are typically more active during the New York session, as it is the US trading hours.
What is the recommended approach for choosing the right currency pairs to trade during different sessions?
-The recommended approach is to select currency pairs that include the base currency of the active session, such as AUD, NZD, or JPY during the Asian session, and GBP or EUR pairs during the London session.
How can traders benefit from understanding the market's volatility during different sessions?
-Understanding market volatility during different sessions allows traders to anticipate market movements, manage risk more effectively, and potentially increase their trading success.

Outlines

00:00

🕒 Understanding Forex Trading Sessions

This paragraph discusses the concept of trading in the Forex market across different time zones. It emphasizes that trading 24 hours is not necessary due to market movements being concentrated in specific hours. The market is divided into three sessions: the Asian session, the London session, and the New York session. To determine the appropriate trading times, one can use a Forex time converter by searching on Google or visiting forex.timezoneconverter.com. The speaker provides examples of how to set the time zone for different regions, such as Jakarta or Seoul, and explains the significance of each session. The Asian session is highlighted as a period with slower movements, while the London and New York sessions see more significant activity, especially for currency pairs involving the US dollar.

05:02

💼 Balancing Work and Trading Sessions

The second paragraph focuses on how to balance full-time work with trading in the Forex market. It suggests that if one works full-time, the best trading times would be either during the Asian session in the early morning or the New York session in the evening. The speaker provides a hypothetical scenario where someone works from 8 AM to 5 PM, thus missing the London session but being able to trade during the Asian and New York sessions. The paragraph also discusses the importance of choosing the right currency pairs based on the trading session. For instance, pairs involving the Australian dollar (AUD) or the Japanese yen (JPY) are recommended during the Asian session, while pairs involving the US dollar (USD) are better suited for the New York session. The speaker concludes by encouraging viewers to subscribe to the channel and join live trading sessions.

Mindmap

Keywords

💡Trading 24 hours

Trading 24 hours refers to the ability to engage in financial transactions across global markets at any time due to the overlapping trading sessions of different regions. In the video, it is mentioned that while markets operate 24 hours, it is not necessary or efficient to trade continuously throughout this period. Instead, traders should focus on specific, more active trading sessions to maximize their opportunities.

💡Market sessions

Market sessions are the specific periods during which financial markets in different parts of the world are open for trading. The video divides these sessions into three main ones: the Asian session, the London session, and the New York session. Each session has its own active hours and is associated with different levels of market volatility and liquidity, which are crucial for traders to consider when planning their trading strategies.

💡Forex time converter

A Forex time converter is a tool mentioned in the video that helps traders determine the current trading session based on their time zone. It is used to align the local time of the trader with the global financial markets, ensuring they know which market session is active and when it is optimal to trade. The video suggests using a website like 'forex.timezoneconverter.com' to easily find this information.

💡Volatility

Volatility in the context of the video refers to the degree of variation in the price of a financial instrument, such as a currency pair. High volatility indicates large price swings, which can present both risks and opportunities for traders. The video emphasizes the importance of understanding when and where volatility is likely to be high, particularly during the New York session, to make informed trading decisions.

💡Swing trading

Swing trading is a trading strategy that involves holding positions for a few days to several weeks, aiming to profit from short-term price swings. The video suggests that for swing traders using higher time frame charts like the H4 or daily, the specific market sessions may not significantly impact their trading decisions, as their focus is on longer-term trends rather than short-term market movements.

💡Intraday trading

Intraday trading, also known as day trading, is a strategy where positions are opened and closed within the same trading day. The video highlights the importance of being aware of the market sessions for intraday traders, as their success can be highly dependent on the market's activity and volatility during specific hours.

💡Scalping

Scalping is a form of trading where positions are held for a very short time, often just a few minutes, to take advantage of small price movements. The video emphasizes that scalpers need to be particularly aware of the market sessions because their trading relies on quick reactions to immediate market changes, which are more pronounced during certain sessions.

💡Vertical Line

In the context of the video, a vertical line is a tool used on trading charts to mark the beginning and end of market sessions. By using vertical lines, traders can visually distinguish the different periods of market activity and plan their trades accordingly. The video provides an example of using a vertical line to mark the start of the Asian session at 6:00 AM.

💡Session overlap

Session overlap refers to the period when two major financial market sessions are open simultaneously, leading to increased liquidity and volatility. The video discusses how the overlap between the Asian and London sessions, and then the London and New York sessions, can create periods of heightened market activity that traders should be aware of.

💡Live trading

Live trading, as mentioned in the video, refers to the act of trading in real-time during market hours. The video suggests that live trading sessions are typically held from Monday to Friday, aligning with the active hours of the major market sessions. It also provides guidance on how to schedule live trading sessions based on the trader's work hours and the market sessions that are most active.

💡Currency pairs

Currency pairs are the quotation of the relative value of a currency unit against another. The video discusses how certain currency pairs are more active during specific market sessions. For example, pairs involving the US Dollar (USD) are more likely to show significant movement during the New York session, which is when the US market is most active.

Highlights

Trading 24 hours is possible, but it's not necessary due to market movements occurring at specific times.

Market sessions are divided into three: Asian, London, and New York sessions.

To determine the current session, use a Forex time converter like forex.timezoneconverter.com.

Select your timezone to see which session is active, such as Asia/Jakarta for Jakarta.

The Asian session is typically the least volatile, with Tokyo being a key market to watch.

London session starts at 2 PM and is when the market starts to become more active.

The New York session is the most volatile, especially for USD-CAD pairs.

Intraday traders should check the session times before trading, especially for scalping strategies.

Using vertical lines on charts can help determine the market session and its impact on trading.

The Asian session is slow, while the London session sees more movement and consolidation.

The New York session is when the USD-CAD pair shows the most significant movement.

Volatility is key for profitable trading; avoid periods of consolidation to prevent frequent stop losses.

An indicator called Session Line can automatically determine market sessions, potentially available on TradingView.

The overlap of sessions, like from Asia to London, can provide a push in market movement.

Trading during specific sessions is recommended, such as the New York session for USD pairs.

Live trading sessions are held Monday to Friday, aligning with the New York session's end.

For full-time workers, trading during the Asian or New York sessions might be more feasible.

Choosing the right currency pairs based on the session can increase the chances of successful trades.

The presenter provides a script to automatically determine the best trading sessions.

Backtesting is essential to confirm the best times and pairs for trading in each session.

The video concludes with a reminder to subscribe and join live trading sessions.