The best time is when the market is most active and therefore has the biggest volume of transactions.
Not all the times are suitable, that's because the volatility changes too much during the 24 hours. At these overlapping market hours you will find the highest volume of currency transactions and therefore more chances to win during these hours. The currencyprices moves a lot during the New York and London Sessions because Multinational companies, hedge funds, managed funds and banks are open for transacting. Multinationals will transact currencies during this time to facilitate international business transactions and commerce, hedge funds and managed funds will trade currencies for investment purposes, banks on the other hand will exchange a lot of money on behalf of their clients, maybe tourists wanting to travel around the globe or just anyone wanting to exchange money so as to buy something in another country or make some transaction. This makes the market very liquid at this time and the high volume of transactions means that currencies prices move a lot.
Once you transact currencies for a while you will get to know that is easier to make money when the market is moving up or moving down, unlike when it is in a range. Forex market hours, This is an important part to be understood to become a successful trader.
You have already known that the FOREX market is opened 24 hours during the week days and it is closed in weekends. Therefore the best thing is to close the trades that have profits before closing the market on Friday. In both cases there’s nothing to be worried if you have set a particular stop loss value for the trades that you open. As mentioned in the table, the FOREX market is mainly governed by four zones as Europe, America, Asia and Pacific. Each day is opened by the Australia - Asia area followed by the European area and then lastly by the North American area. If you have any questions about UpFX or Forex, ask our expert team who are standing by to help you. A more active market creates a good chance to make some profit while a calm and slow one is literally a waste of time - turn off your computer and don't even bother trading currencies at this time. In the mean time you will have to wait for a long time to see a profit because of the less volatility of market.
Due to the nature of global business currency is always in high demand as well as the need to convert currency for international trade.
In forex trading the best opportunities for making money is when the various markets overlap trading hours. And because of Christmas most of the banks and the stock market will be closed during that season. If you have enough courage, interest and dedication you can win this battle for sure.Forex market hours, This is an important part to be understood to become a successful trader. The banks make sure that these needs are filled by being connected globally on a network that allows for the exchange of these currencies resulting in a 24 hour trading network that is now available to the smaller speculator. While the London Market is coming to a close the New York Market is opening, during this overlapping time frame the forex is very active and allows for much more profit potential.
Trading technologies mobile app|
Margin trading stocks
Option market price
Trading option volatile stocks strategies pdf