Forex market hours. 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?
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!
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.
Make use of the right time to scalp in forex when prices fluctuate a lot and make profit from it
when market is not moving then it is better to call it a day and spend your time doing other activities and there is always another day in forex. you can also browse through this website as i have provided some of the indicator to assist you in scalping technique
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