According to the DailyFX Traits of Successful Traders series, the Asian trading session is one of the best times to trade forex. The Asian session, also known as the Tokyo session, is often overlooked since it is not as liquid or volatile as other major sessions; however, these characteristics are precisely what makes it so appealing to those who know how to trade it.

The Asian session is a trading session that happens after the US markets close and before the European markets open. This time period in between these two sessions is when most of the Asian trading activity takes place, with it also being referred to as the "afternoon" session. This session's trading volume has risen exponentially in recent years, with this change occurring because of an increased use of algorithmic and high-frequency trades.

The Asian session refers to a specific time period within the global financial markets when major financial centers in Asia are actively engaged in trading. It commences with the opening of the Tokyo market at 7:00 PM EST (12:00 AM GMT) and overlaps with other key markets, including Sydney, Hong Kong, and Singapore. This session is a crucial component of the 24-hour forex trading day, creating a continuous cycle as the market transitions from Asia to Europe and then to North America.

During the Asian session, currency pairs involving the Japanese Yen, Australian Dollar, and currencies from other Asian economies experience heightened activity. Traders closely monitor economic releases, geopolitical events, and market movements during this period, as they can significantly impact currency valuations. The Asian session sets the tone for the subsequent trading sessions and plays a pivotal role in global financial markets.