When to trade and when not to
Forex 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?
Forex trading hours, trading time:
New York opens 8:00 am to 5:00 pm
EST Tokyo opens 7:00 pm to 4:00 am
EST Sydney opens 5:00 pm to 2:00 am
EST London opens 3:00 am to 12:00 noon
EST 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.
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