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there is no good or bad time for trading, its just your analysis that is bad or good but if u want to trade in volatile markert, trade in new york market, even i had this question in my mind and i wanted to know about this, than a lot for the share buddy, thanx added.Quote:
Originally Posted by arubh
Every time is best in forex.. Here we can trading in online. We have many important time cost in here for income.. So i think every time is best when we work in forex and trading in forex..
i think time is not essential for trading. trading depends on discipline, honesty and hard working. if we trade honestly and follow the discipline success is sure for us. for of all this it is truly say that night is the one of the best trading time.
If you are talking about the best session to open trades, then the New York open will be your best bet, because this is when you will have three market sessions running at the same time and of course you will have increase in liquidity. If you are looking at the best time frame on the chart, then that will be dependent on the trader involved.
After few days trading i got the idea of timings which are good for buying that are at night late hours when we see profit booking or day traders closing their trades at that time i will be buying and next day between 9 p.m. to 10 p.m. as there is lot of activity that make good opportunity to sell at profitable level.
A good time to trade it depends on trading style and strategy of each trader, if we use scalping strategies with small targets at the right time when the market does not have a lot of movement is usually at the new Asian markets open, but if you prefer a high market movements , European and American session is the right time.
Actually, in my opinion, there are some bad times for trading. For an intraday traders, especially technicallist, highly impact news release time is bad for them. Some of highly impact news will make market very volatile and make their position floating very bad. How about if their margin cant handle? For Trending follower, sideaways/ranging market will be very bad for them. For News straddling trader, medium-highly impact news release which have potential to whipsaw is also make the time go bad for trading. Etc. CMIIWQuote:
Originally Posted by Kites
I think use any specific best time for trade is not possible. But London and new york time is better from other time. Really good to do long term trading at night.
Every time is good time for trading, that is why you can trade with out any hesitation , but the morning time is the best time , the market increase their rates, but any how it is hard to say, to keep specific timeQuote:
Originally Posted by arubh
I think best time for trading is London session because in this time market has very high fluctuation and for this reason trader can do trade easily in this market and i do my most trade in this session.