Best time to trade forex

Discussion in 'Forex - Currencies Forums' started by remnant, Mar 19, 2016.

  1. remnant

    remnant Well-Known Member

    Joined:
    Mar 2016
    Posts:
    124
    Likes Received:
    0
    Best time to trade forex is during periods when the four markets overlap. During times when only a few markets are active, there are only small price changes called pips due to currency pairing. A trader should monitor the times of stock market volitility. Another thing to watch out for are news releases which may cause price changes in the sensitive stock market within seconds
     
  2. radex78

    radex78 Senior Investor

    Joined:
    Sep 2015
    Posts:
    98
    Likes Received:
    0
    Most vote among trader is prefer on london sessin and newyork session, on this time usually the market move more volatile than asian session market, becaue many bank around the world also in operation, if we can meet these session might will getting better opportunity to catch profit
     
  3. tskier01123

    tskier01123 Member

    Joined:
    Apr 2016
    Posts:
    16
    Likes Received:
    0
    I spent a lot of time trying to figure this out, as it's a 24 hour market that really intimidated me.

    I found a good article on Investopedia about Forex trading time and it helped me a lot. Like Radex said, peak times are during the New York London cross over, but I don't know if that means the 'best' time to trade. More volume = more volatility though, if you like to trade in those kind of conditions.
     
  4. radex78

    radex78 Senior Investor

    Joined:
    Sep 2015
    Posts:
    98
    Likes Received:
    0
    Maybe for full time trader they can spent more time to monitoring the market and choose on time when the trend get signal confirmed on early trend, if we learn the market behaviour it like as reflected psychology market which often repeated same pattern, if we can study well and have patience might we can use strategy that suit with the market condition to catch profit
     
  5. puru rama

    puru rama Active Member

    Joined:
    Dec 2016
    Posts:
    43
    Likes Received:
    0
    Most forex traders are more successful during the late US, Asian or early European trading sessions – essentially 2 PM to 6 AM Eastern Time (New York), which is 7 PM to 11 AM UK time.

    In looking at the trading records of tens of thousands of forex traders, as well as talking with even more traders daily via Webinars, e-mail, and chat sessions, it quickly becomes apparent that most individual forex traders are what are called “range traders.”

    These traders should avoid trading during the most active times of the trading day. Why? We’ve seen records for thousands of traders, and we’ve seen what works and what doesn’t. Here is a chart of the profitable trades in FXCM accounts in the five most popular pairs
     
  6. radex78

    radex78 Senior Investor

    Joined:
    Sep 2015
    Posts:
    98
    Likes Received:
    0
    London session market ever I am read if average movement on this session has larger than other session, then on second session on newyork session market and often news high impact released on this session, but if swing trader or position trader might not too much look on session market but look on major trend
     
  7. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    943
    Likes Received:
    18
    As one market closes another one opens so we really do have 24-hour trading on the foreign exchange market. From what I have seen there do appear to be some movements at the start of the European, US and Asian trading days.
     
  8. radex78

    radex78 Senior Investor

    Joined:
    Sep 2015
    Posts:
    98
    Likes Received:
    0
    Forex market open 24 hour 5 day a week, this is flexible time to trading forex and as trader now also can using mobile platform for android because some broker already offer platform for android smartphone and this is also giving easiness for trader because size phone is small hence we can put on our pocket
     
  9. kirtimeliwal

    kirtimeliwal Senior Investor

    Joined:
    Jul 2017
    Posts:
    87
    Likes Received:
    1
    Best time to trade in forex is when, a lot of transaction made in the forex market. Basically, Most of the Forex transactions happen when the Market opens. Around 8:00 a.m. But you just need to check your time zone difference. then take purchase decision accordingly.
     
  10. rakhi

    rakhi Active Member

    Joined:
    Nov 2017
    Posts:
    42
    Likes Received:
    1
    One of the many advantages of the Forex market is that it is open for trading 24 hours a day. Unlike the stock market, the currency market works according to the normal business hours of the three business centres spread across different time zones.
     

Share This Page