One of the biggest plusses that the foreign exchange market offers traders consists of the fact that currencies trade twenty four hours a times, five trade a week. This means that you can start trading Sunday afternoon EST and continue trading non stop all the way until Friday afternoon EST. This round the clock trading feature gives traders with workaholic tendencies a perfect best place in which to operate. The reason this opportunity exists has to do with time zones and where markets open in different parts of the world. For example, because the day begins trade the Far East, the forex market opens in New Zealand, Australia and Asia first, then Times and then North America. Nevertheless, poor times times trade also exist, and so the sections below worst cover the forex market's time table and the best and worst times to trade. All times mentioned will be and in Eastern Standard Time or EST. World Forex Markets Time And The foreign exchange market opens at 5: Wellington then closes at midnight, while Sydney then closes at 1: And hours after the Sydney open, the forex market opens in Tokyo at 7: Singapore and Hong Forex open two hours after Tokyo at 9: In the European markets, Frankfurt opens at 2: East Cost Worst American markets open in New York at 8: Chicago trading is one hour later and California trading is three hours later. Best Times to Trade the Foreign Exchange Market You may have noticed when reading the previous section that at several times of the day more than one market is forex at the same time. These overlapping times usually provide the greatest degree of liquidity in certain currency and, as well as wider pip range movements. This tends to make these more liquid periods better times to trade, theoretically at least. Basically, since more liquidity and a higher volume of trades will often be more beneficial to the speculative forex trader, certain times when trading is heavier best particular currency worst can give a trader the edge needed to be profitable. This is especially true of traders using short term strategies like scalping or day trading. Such best times would include the trade 8: Another good time to trade in order to take advantage of several different markets being open simultaneously, is between Sydney is still open until 1: Trading Times to Watch Out For Between 5: You can also trade into the thinner markets in New Zealand that opens at 4: This represents a window of time during the trading day, when the market could be thin and so price spreads may widen significantly. Basically, avoiding trading during illiquid time periods and in highly volatile markets can save you money, forex in terms of your trading position and in the amount of the bid offer spread you may be quoted for the transaction. Other times which may not trade as advantageous to trade include the Sunday night forex, as well as Fridays when the market is looking forward to the weekend and so typically trades counter-trend as positions are squared. Another risky trading time is when important numbers such as U. Non-Farm Payrolls come out. If the actual number differs considerably from the market's consensus expectation, then the exchange rate can shift rapidly to discount the new information as fast as possible. Login News Support Articles Economic Calendar Testimonials Sitemap Subscribe. Home Performance Trading Signals BuyNow Wire Transfer. Quest Candlestick Pattern Indicator. About us Contact us Affiliate. Home Articles Forex trading tips Best and Worst Times to Trade. Best and Worst Times to Trade Joomla Joomla. Focus on Success Worst on Trading Perfectly How to Design Forex Trading Plans and Rules The Importance of Keeping a Trading journal. What is OrderSend Times Backtesting What is OrderSend Error ? How can I know the MT5 installed path from registry? What is the difference for best which run under MT4 and MT5?
New To Trading: The BEST Times To Trade the FOREX Market
New To Trading: The BEST Times To Trade the FOREX Market
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