The Best Forex Trading Hours.
Once you have decided to enter the Forex trading
world you will find that FX trading has many advantages over other capital
markets. Including among others; very low margins, free trading platforms,
high leverage and around-the-clock trading.
It
is my main concern in this article to let you know what hours you should be
ready and focus for start trading, so you can expect the highest profits in
your trades, and not just consider that around-the-clock trading means you
should randomly trade through out the day.
In short, it is important to know
what the best hours to trade are because if you want to find an appreciable
number of profitable trades you need to enter the forex market at the best
period of time, i.e., when the activity, the volume of transactions, is the
highest.
At
any given time; somebody, somewhere in the world is buying and selling
currencies. As one market closes, another market opens. Business hours
overlap, and the exchange continues as day becomes night and night becomes
day. Giving you 5.5 entire potential trading days.
Forex Trading begins in New
Zealand at Sunday 5pm EST, and then is followed by Australia, Asia, the
Middle East, Europe, and America in this order and through out the day and
through out the week until Friday 4pm EST when the American market closes.
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Trader.
Other important facts every
Forex trader should know are: the US & UK markets account for more than
50% of the forex market transactions; Forex major markets are: London, New
York and Tokyo. Nearly two-thirds of NY activity occurs in the morning hours
while European markets are open. And maybe one of the most important
characteristics; Forex Trading activity is heaviest when major markets
overlap.
So, the answer to the question;
“What hours should I be trading?” is dictated by this last
characteristic, you should trade when the major markets overlap. Now, when do
they overlap?.
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currency trading.
So, the answer to the question;
“What hours should I be trading?” is dictated by this last characteristic,
you should trade when the major markets overlap. Now, when do they overlap?.
These hours are between 2 am
and 4 am EST (Asian/European) and between 8 am to 12 pm EST(European/N.
American).
So if you want to catch the
best trading opportunities of the day and you are in the American continent you
must be ready to wake up early or go to sleep late some times. Of course things
change around the world. What’s the best region where to trade from if you
can’t wake up early?… Maybe the Ukraine.
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FOREX Today.
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