What is the Sydney session in forex trading?

The Sydney session is the first trading session in the 24-hour forex market cycle. It opens at 10:00 PM GMT and closes at 7:00 AM GMT, overlapping with the Tokyo session for a few hours. Despite being the smallest of the four major trading sessions (Sydney, Tokyo, London, and New York), the Sydney session sets the tone for the trading day ahead.

What is a forex trading session?

The forex trading sessions are named after major financial centers and are loosely based on the local “work day” of traders working in those cities. The more traders…trading, the higher the trading volume, and the more active the market. The more active the market, the tighter the spreads you'll get and the less slippage you'll experience.

Which currency pairs are a good option during Sydney & Tokyo Sessions?

NZD/USD: The New Zealand dollar also sees significant movement during the Sydney session, making this pair another good option for traders. AUD/JPY: The Japanese yen is active during both the Sydney and Tokyo sessions, making this pair particularly appealing during the overlap.