Top 3 New York Session Forex Pairs to Trade

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The Forex market is one of the largest financial markets in the world.

And it’s not just about the size, it’s about the liquidity too.

And you’ll know you’re at a good exchange when you can trade in hundreds of millions of dollars.

And today, I’m going to show you which New York session forex pairs are the best to trade.

So let’s get started.

What is the New York Session in Forex?

The New York session is the fourth of the four major sessions on a trading day.

This session is dedicated to forex trading with the most active traders in the market.

The New York session is a very important session for forex traders.

This is because many of the major currency pairs are traded during this session.

During the New York session, traders can access a greater amount of liquidity than at any other time.

This allows them to trade more often, and with a higher volume.

This is due to the overlap of the London session.

Because of this, the New York session is one of the best times to focus on your trading.

New York Session Forex Pairs To Trade

What time is New York session in forex?

New York session is the official session of the foreign exchange market, which takes place in New York City, United States.

It begins at 08:00 EST and closes at 17:00 EST.

Or in terms of GMT:

The New York session opens at 13:00 GMT and closes at 22:00 GMT.

(Source: https://forex.timezoneconverter.com/)

As you can see, when New York opens it’s still the afternoon over in Europe and they have a good few hours of trading together which is why there is so much liquidity during these trading sessions.

What pairs are in the New York session?

The beauty of forex trading is that you are not limited to trading pairs based on their timezone.

Whereas with stocks you are.

The reason traders focus on particular times when it comes to different forex trading sessions is because of the news announcements that come out which may affect the currency pair.

For example, the USD is always traded and affected by the newsflow daily because it’s involved with most currency pairs.

However, in the New York session forex pairs like AUD/JPY will not be traded as much due to the fact that it will be the evening in Asia.

Although, AUD/USD and USD/JPY would still be traded frequently as they are major pairs.

Essentially, every pair that is crossed with the USD will see an uptick in trading volume during the New York trading session.

Here’s a list of them:

  • AUD/USD
  • EUR/USD
  • GBP/USD
  • NZD/USD
  • USD/CAD
  • USD/CHF
  • USD/CZK
  • USD/DKK
  • USD/HKD
  • USD/HUF
  • USD/JPY
  • USD/MXN
  • USD/NOK
  • USD/PLN
  • USD/SEK
  • USD/SGD
  • USD/TRY
  • USD/ZAR

During the trading session, these will be the ones that tend to move as they are crossed with the USD.

Personally, I’d trim the list to only focus on the best pairs that you are comfortable with trading.

Best Forex Pairs to Trade During New York Session?

There are many different pairs that trade in the New York session, but the best pairs to trade in the New York session are EUR/USD, GBP/USD, and USD/JPY.

EUR/USD:

The EUR/USD is the most traded forex pair across the globe. 

In addition, the European session overlaps with the New York opening meaning many European traders and institutions are frequently buying and selling the currency pair giving you an abundance of opportunities and high liquidity during the trading session.

GBP/USD:

The GBP/USD is also a popular currency traded during the New York session.

Again, the London trading session overlaps with the New York session (for longer than the European session) and is also seen as a good barometer of economic health between the two countries.

USD/JPY:

The USD/JPY is also one of the best forex pairs to trade during the New York session because this really kicks in towards the end of the trading day as Asia wakes up to take over.

The USD/JPY is known as a safe haven asset so if there is a risk on or risk-off opportunities, this asset, in particular, would move aggressively.

These are the best forex pairs to trade during the New York session.

Conclusion: Best New York Session Forex Pairs to Trade

So there we have it, a list of the best New York session forex pairs to trade.

After reading this article you can now understand why the EUR/USD, GBP/USD, and USD/JPY are the best forex pairs during this session, thus giving you a better opportunity to trade them.

I’d like to hear from you:

Which pairs helped you make money?

Which ones didn’t?

Let me know on social media.

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