What is different with the Forex Markets as opposed to the Stock Markets is the ability to trade 24 hours a day. This helps to make Forex more accessible to those who cannot trade during Stock markets opening hours.

The 24 hour Forex markets are divided into three distinct trading sessions; the European session, the US session and the Asian session. Each session will see regional Forex traders waking up and starting to trade postions in the market. Dependant upon where you are in the world the opening and closing times for each market will be different, but essentially the session times run in parallel with the stock market opening times of each region.

Not all of the currency pairs traded are traded equally during each session. This is because the focus of each session will tend to be on the dominant currencies within each region. As an example, the British Pound is traded less during the Asian session, as the European session where it is principally traded will have closed by then.

This is interesting because it can mean that trends created during the European and US sessions are stalled during the Asian session for this currency. It is this quiet time in the market helps to provide the basis for a proven and profitable trading system.

The London Forex Open trading system is principally designed to trade just one currency pair, the GBP/USD at a specific time of the day although it can also be used for other GBP pairs. Unlike many Forex trading systems London Forex Open seeks to capitalise only on moves in the currency pair at 08:00 UK Local time. As a result of this the system is easy to use and take only 10 minutes per day at the London open to determine if there is a trade to profit from.

This is because the London Forex Open Forex trading system seeks to profit from a specific market event. The key benefit from such an approach is that anyone who can spare the ten minutes at this time of day can take advantage of it. Unlike many manual Forex trading systems there is no need to ’screen watch’ for a large part of the day waiting for a signal for entry. It is even possible to identify the evening before if there is the possibility of a trade signal the following morning. This provides the potential for high profits for a limited time investment – the Forex traders holy grail.