Forex market is open 24 hours a day. It provides a great opportunity for forex times to trade to trade at any time of the day or night.
However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader. So, when should one consider trading and why? The best time to trade is when the market is the most active and therefore has the biggest volume of trades. Actively traded markets will create a good chance to catch a good trading opportunity and make profits. Live Forex Market Hours Monitor:Reviewed, improved and updated on August 24, 2012.
USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours you’ll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market. Market Hours Monitor to identify trading sessions. If you haven’t chosen a Forex broker yet, we recommend Forex brokers comparison to aid your search.
Download Free Forex Market Hours Monitor v2. This is a simple program aligned to Eastern Standard Time. Time zone option is added for most of North American and European countries. Forex trading is a high risk investment. All materials are published for educational purposes only. The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition.
You should use this two-part article series as a reference guide to answer any question you may have about which currency pairs to trade and what times to trade them. The following points will explain which currency pair’s fall into these three categories and the advantages or disadvantages of each. We are also including silver and gold in this list since they are quoted in U. First off, many of the major currency pairs are correlated in their price movement, meaning they move almost identical to one another. GPBUSD is typically a bit more volatile than the EURUSD, but if the EURUSD is in an obvious up or down trend you can safely assume the GBPUSD is in the same trend, thus we say they are positively correlated.