Forex Market Hours for Deciding When to Trade or When not to
December 4th, 2007 . by excelsisForex market is open 24 hours a day. It provides a great opportunity for traders to trade any time of the day or at night. However, although it seems to be not very important at the beginning, the right time to trade is one of the most crucial points to be successful in trading at the forex market.
So, when should one consider trading and why?
The best time to trade is when the market is the most active and therefore has the biggest volume of trades. More active currency moves will create a good chance to catch the trade and make some profit. A calm, slow market is literally wasting of time — turn off your computer and don’t even bother!
Open ForexMarketHours application in a new window
And so, there are hours when two sessions are overlapped:
New York and London — 8:00 am — 12:00 noon EST
Sydney / Tokyo — 7:00 pm — 2:00 am EST
London / Tokyo — 3:00 am — 4:00am EST
For example, trading EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active.
At those overlapping trading hours you’ll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market.
We have made it easy for everyone to monitor forex trading hours sessions while being anywhere in the world:
| Download Free Forex Market Hours Monitor v2.11 (535KB) Last update: October 5, 2006. This is a simple program aligned to Eastern Standard Time.Download Free Forex Market Hours Monitor v2.12 (814KB) Last update: April 20, 2007. Time zone option is added for most of North American and European countries. |
Good trades
excelsis
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