You don't understand a specific financial term ? Visit our Forex glossary
Results 1 to 2 of 2
  1. #1
    yets1363 is offline Banned
    Join Date
    Feb 2018
    Posts
    83

    Post What Is The Best Time Of Day To Trade Forex?

    education_besttime_450920434_en (2).jpg
    When it comes to day trading forex, the time at which you trade matters. Plan your day carefully.

    Why Day Traders Should Keep An Eye On The Clock

    Day traders may achieve more when they trade in fast-moving markets with high buyer/seller participation. For example, while the opening of the Asian session may influence currency pairs like AUDUSD, USDJPY, and NZDUSD, the impact may not be that significant as most currencies are quoted against the US dollar. The most volatile period is therefore during the US session opening (14:00 to 15:00 GMT), when most important economic statistics, Fed speeches, and other key drivers are released.

    For those trading on the euro and the British pound, the London session opening is the most important period (07:00 to 08:00 GMT). Major economic releases for the Eurozone and The UK are published around this period.

    The market also tends to be choppy and rotational just before the closing of the European session and prior to US session opening. If you are opening a position between 11:00 and 12:00 GMT, be prepared for minimal or slow price movement. Many traders observe a fast, manipulative move to capture stop loss right before the US session opening.

    Below is an example of how volatility is distributed throughout the day:
    ebook_p21_en.jpg
    To view Exnessí complete schedule of session opening and closing times here.

    Top Tip: Factor In Time Of Day When Planning Trades

    There is no hard and fast rule in trading as every individual has varying risk appetite. When designing your trading strategy, do bear in mind that the market can be rotational and manipulative during less volatile hours. Likewise, trading during volatile periods has the potential to lead to greater gains and losses.

    RELATED: For more trading tips, download our FREE eBook, 10 Ways To Improve Trading Strategy.

  2. #2
    Lady C. is offline Member
    Join Date
    Mar 2018
    Posts
    36

    Default

    A lot of news comes out in the American session. Therefore, at this time, the strongest and most unpredictable movement.

Similar Threads

  1. What Is The Best Time Of Day To Trade Forex?
    By yets1363 in forum General Topics
    Replies: 0
    Last Post: 03-16-2018, 02:08 AM
  2. Trade Forex using Gannís Master Time Factor/Time Cycles
    By Ganntimecycles in forum EUR USD, GBP USD, USD CHF ...
    Replies: 0
    Last Post: 06-15-2017, 06:05 PM
  3. Is it possible to trade Forex on a part-time basis?
    By Sophia in forum General Topics
    Replies: 0
    Last Post: 11-19-2012, 01:29 AM
  4. Forex Trading Plan-Choose the Best Time to Trade
    By forexdemor in forum FX Articles
    Replies: 0
    Last Post: 04-03-2012, 10:36 PM
  5. Best Time To Trade The Forex Market
    By anil595 in forum FX Articles
    Replies: 1
    Last Post: 02-10-2009, 10:28 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0