Here are a few of the more commonly traded exotics:. Start with the majors and crosses first. Then as you gain profitability with them, and then you might try the exotics later on. Generally speaking, the sessions go as follows: The European session starts around 3am Forex and goes until around 11am EST. The Asian session starts around 5pm EST and goes until about 4am EST. Also, note that the trading week starts on Sunday evening around 5pm EST and goes through Friday at around 4pm EST.
It trades 24 hours a day names those times and is closed for retail trading from Friday evening through Sunday evening. The European session names to carry the most volume and volatility. The Asian session will consist of lighter volumes than the previous sessions and tends to normally produce smaller movements. The first two sessions are usually when intraday trends form and the Asian session is when ranges are more likely to form. If you want to trade the pairs that will be the most active, then trade them when their banks are open during their pairs day.
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Foreign currency trading is different from futures, options, or stock trading, and it's important to understand the terminology.
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