#6 When Is The Best Time To Trade Forex?

While the currency market is open for 24 hours, 6 days a week, there is a particularly golden window of opportunity which you can profit from. As you already know, profit is found in price movements. You will want to exploit this golden window of opportunity to reduce frustration due small price movements and lost time. There are 3 points to look at. Let’s dive in!

#1 Time Zone

  The table above shows the major trading sessions around the globe. The time zones have been accounted for daylight savings). The trading day begins with Australia, Asia (Japan, Hong Kong and China), Europe (London), and lastly USA (New York). There are 2 overlaps between the markets trading hours. The most significant overlap occurs when the markets in the USA open. 

#2 Golden Window Of Opportunity

The golden window of opportunity (main trading session) begins at the start of Europe’s (London’s session) and ends at the beginning hours when USA (New York) starts. Refer to the chart above. Trading activity is the highest during that time frame

#3 When To Trade What? 

The bar chart above breaks down the price movement of the different pairs across trading sessions. Which trading session stands out for bringing the largest price movement? You have an instant edge over many other retail traders knowing the answer. It is London.

Conclusion

Time is precious. By knowing which trading session to focus on, you can spend the rest of your time on other important things, knowing that you will not be missing much. Go have some fun and enjoy life!

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