Forex strategies revealed | FSR Forum

forum transfer: Submitted by paul821c on April 24, 2008 - 19:33.

Hello,
Are there best times for trading? Tokyo, London, USA. I live in the U.S.
Thanks,
Paul

Forum transfer: Submitted by Rich on April 25, 2008 - 20:53.

Hi Paul,

The best time to trade Forex is during London and New York sessions.

The best hours to trade Forex are:

3am EST - 5am EST - London opens, inviting an increase in trading activity.
8:00 am EST - 11:00 am EST - London is still open, New York session begins. The two major session overlap producing the highest volume of trades. Also major news for US come around 8:30 am EST.
The last few good hours to consider trading are 1pm EST - 3 pm EST. After that time it is better to avoid any trade for the day.

Rich

Forum transfer: Submitted by paul821c on April 26, 2008 - 00:31.

thanks but what about Tokyo

Forum transfer: Submitted by Rich on April 27, 2008 - 01:22.

Right, you get hours when two other sessions: Sydney and Tokyo overlap during 7:00 pm — 2:00 am EST, and seems like it is another opportunity to trade, but facts are, those hours don't bring much volume into the market.

Therefore, they are ignored by many Forex traders.

Forum transfer: Submitted by avi harush on July 26, 2008 - 06:38.

Hello,
Are there best times for trading? Tokyo, London, USA. I live in israel.
Thanks,
avi harush

Forum transfer: Submitted by User on July 31, 2008 - 07:49.

Hi Avi. focus on London session most. Trade first 3 hours of New York session too.

Forum transfer: Submitted by Submarin on August 1, 2008 - 00:34.

It doesn't matter what part of the world you live in. London and NY are the busiest trading sessions and all Forex traders are looking to trade during those specific hours.

Forum tranfer: Submitted by User on August 15, 2008 - 23:06.

Hi please help me with the right trading time,
am in Nigeria and not use to EST. Could you give
me the timings in GMT.
Cheers!

Forum transfer: Submitted by Rich on August 16, 2008 - 10:08.

No problem. Here it goes:

8:00am GMT - 10:00am GMT - London open - increase in trading activity. 11am -12am - continue trading.
1:00pm GMT - 5:00pm GMT - London is still open, New York session kicks in. The two major session overlap, producing the highest trading volume!
The last hours for those who missed the train are 6pm GMT - 8pm GMT.
After that time it is better to avoid any trade for the day.

Good luck!
Rich

Forum transfer: Submitted by brad on December 15, 2008 - 08:32.

hi how are you? Thanks for your comments. What it means EST? Is it the time in new york and GMT is the time in London?
thanks a zillion
yours
brad