by 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