Best hours for trading Forex

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Re: Best hours for trading Forex

Postby User » Fri Jul 03, 2009 10:32 am

Forum transfer: Submitted by Rich on December 15, 2008 - 11:26.

Exactly as you said!

Rich
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Re: Best hours for trading Forex

Postby User » Fri Jul 03, 2009 10:33 am

Forum transfer: Submitted by Diane Samuelson on January 20, 2009 - 02:25.

Hi Rich

Why the best hours for FX trading are London and New York sessions? This are the greatest markets, but Isn´t FX 24 hours open?

Diane Samuelson
Economist
Cambridge University
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Re: Best hours for trading Forex

Postby User » Fri Jul 03, 2009 10:33 am

Forum transfer: Submitted by Rich on January 20, 2009 - 12:56.

Hi Diane,

Forex is a 24/7 market, where you can open or close your trading position any day any time.
However, HOW WELL you'll be doing with your trading depends on WHEN you come to trade.

New York and London sessions are the most active trading sessions, which means there are a lot of participants buying and selling currencies. This creates liquidity - price changes, moves, trends well, making it possible to profit from such market fluctuations.

Beyond those two sessions, lies a territory of slower prices with less liquidity and profit potentials, majority of traders prefer not to trade beyond London and New York sessions. You can still buy and sell of course, but you'll find it more difficult to profit from your trades and it will take longer time to do that.

Best wishes,
Rich
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Re: Best hours for trading Forex

Postby User » Fri Jul 03, 2009 10:34 am

Forum transfer: Submitted by User on June 16, 2009 - 09:46.

Generally speaking, the most active hours all around are between the London markets opening around 8:00 GMT and end with the markets in the US closing around 22:00 GMT. The absolute busiest time in the forex markets are during the London to US overlap between 13:00 GMT to 16:00 GMT. These are the hours that are the most liquid or when the most traders are in the markets making trades.
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Re: Best hours for trading Forex

Postby User » Fri Jul 03, 2009 10:36 am

Forum transfer: Submitted by Submarin on June 24, 2008 - 00:34.

The tool to help you keep track on Forex hours: http://www.forexmarkethours.com/
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