If we choose to trade at the volatile and liquid market.I think I will follow your choice. From my point of view the opening time of London market and US market are the best time for trading in forex.
If we choose to trade at the volatile and liquid market.I think I will follow your choice. From my point of view the opening time of London market and US market are the best time for trading in forex.
The forex markets are great because they are open almost all of the time and there are a wide range of currencies to choose from. This brings up an important question.
The best hours for trading the forex markets, no matter your method, are during the London and US session overlap. The markets are full of active participants during these hours and the currencies really move. For the most part, even the larger fundamental news comes out during these times. Trading during these hours is your best chance to get in while the market is making decisive moves and it will be your best chance to score quick profits.
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There are 3 major sessions each day in the forex markets. They are the London session, the US session, and the Asian Session.
The London Session
The London session starts around 8:00 GMT and winds down around 1600 GMT. The currencies that are the most active during these hours are EUR, GBP, and USD.
The US Session
The US session starts around 1300 GMT and winds down around 22:00 GMT. The currencies that are the most active during these hours are AUD, EUR, GBP, JPY, and USD.
The Asian Session
The Asian session is a reasonable quiet session on most days. All pairs are pretty slow moving and it is not a good time to day trade. The only real currency that has noteworthy activity is the JPY and the activity is slow unless a major financial event happens.
No I do not think that it is worth for us to choose the best time to trade in Forex because I do not think that there is specific time which can be considered as the best time frame to be used as the best time for trading here in Forex trading.
hello friend i am always using new yourk and london time because that time market is very volatile also market moved very quick , so you can try new yourk and london session
For me I think that the best time to trade in the market is the time you feel comfortable and to focus and calm .... Depending on free time rolling and time convenient to him .. and chooses Frame who loves his trade.
Trade time does make a difference. If you choose the right one you can make more profit and by choosing the wrong one you don't. For example : If you trade EUR/USD, you need to trade in the European and American hours. Choose your trading time as per your trading strategies.
every time is best time in forex trade. but some of my trader friend say me London session is best. but i think its not true. market can run any trend any day, any time.Quote:
Originally Posted by xiaotanghao
I think trade any time in forex market are not good. There are some particular time in a day when a trade could be good. From my point of view the opening time of London market and US market are the best time for trading in forex.
I think the best time for trading is trending time. But if you want to trade in non-trending time then you need to take calculated risk instead of taking high risk.
as a beginner trader, then steps should you do first time is to study the science of forex with overall consistently, after that, you have to practice to make trades in accunt demo and find strategies for your trade, so you'll have strategies trade which accurate and can generate profits consistently, if you are able to generate profits consistently in accunt demo, so it is better if you make trades in real accunt to train your psychological .