Best time to Trade

EUR/USD
During the Tokyo session, the Euro only trades 15% of all volume so it is best to start watching the
Euro late in the Tokyo session. It trades 39% of all Forex volume during the London session. It can
also be traded during the New York session.


GBP/USD
The pound trades extremely lightly during the Tokyo session. Start watching it near the end of
the Tokyo session as it can start moving then. In the London session, GBP/USD accounts for
approximately 23% of all Forex trading volume. The pound can be traded in the New York session
also.


USD/JPY
During the Tokyo session, USD/JPY accounts for approximately 78% of all Forex volume. This
drops to about 17% during the London session. There are occasional days when these 3 pairs make
significant price moves outside the sessions which normally have the most trading volume.



News Releases / Economic Data Releases
23:50 GMT Japan Fundamentals
07:45 GMT Euro Fundamentals
13:30 GMT USA Economic Figure



Currency symbols
AUD - Australian Dollar
CAD - Canadian Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
CHF - Swiss Franc
USD - American Dolla




Currency 
 Any form of money issued by a government or central bank and used as legal tender
and a basis for trade



Currency Pair 

 The two currencies that make up a foreign exchange rate. For Example, EUR/
US



Deficit
A negative balance of trade or payment


Delivery -

An FX trade where both sides make and take actual delivery of the currencies traded



EURO
the currency of the European Monetary Union (EMU). A replacement for the European
Currency Unit (ECU).


European Central Bank (ECB) 
the Central Bank for the new European Monetary Union