The best times of day to trade forex
Forex trading involves trading the world's currencies.
By trading currency pairs, you can profit from the rise in value of one currency against the fall in value of another one.
The forex market starts trading very early on a Monday morning and trades straight through until late on a Friday evening.
With the forex market trading 24 hours a day, five days a week, are there optimum times to trade?
Let's take a look…
When to trade forex
You can trade forex
any time of day or night during the week. But there are times when liquidity, activity and volume are higher, and these can present the best times to trade forex.
The forex market is a continuous relay of one market opening and another one closing around the world. This happens every Monday to Friday.
New Zealand kicks off trading, then Australia, Hong Kong, Singapore, the Middle East, South Africa, Europe and the US.
The UK and the US are without a doubt the most important forex markets. Transactions here make up more than half of the forex market’s activity.
Make explosive Forex profits with this tiny book!
Find out more here!
It takes a match to start a forest fire.
It takes a little seed to create an entire human being.
And it takes this tiny book to make you a Forex income to last a life time!
The major forex markets are London and New York, closely followed by Tokyo.
When the US market opens, this is when the majority of trading takes place as the European market is still trading.
When forex trading is at its highest levels
From this, the two important times to focus on for optimum forex trading are:
When Tokyo and London’s markets overlap (between 9am and 10am South African time);
And when London and New York’s markets overlap (between 3pm and 7pm South African time).
At these times, there’s a large increase in liquidity. You’ll also see the biggest moves when the London and New York markets are both open at the same time.
If you’re looking for the best times to trade forex, concentrate on the times when these three market markets overlap. But there are always opportunities to trade forex as it is a very liquid market.
So there you have it. The best times of day to trade forex.
*********** Recommended Product ************
If you missed the FIRST FSPInvest Forex 101 Workshop on the 15th of August, DON'T miss this!
It's not too late to get every tip, every secret, every idea Master Trader, Timon Rossolimos, shared on the day
Click here and discover how YOU can set up a - very healthy - side income from trading Forex at home in your pyjamas today