when to trade forex
Forex market is open 24 hours a day 5 days a week, but it is not active all this time! In forex trading money is being made when the market is active - when traders are bidding on prices, so it is crucial for you to learn about the most productive hours of the day and of the week for trading forex!
There are three major sessions of the forex market: London, US and Tokyo session. The busiest times are when the sessions overlap as traders can then purchase currencies from different continents.
The forex market of London is usually the most active as it involves many countries of the European Union. US market comes next, so the time when London session intersects with US session usually provides the biggest returns.
Expert traders consider that 10 AM is the best time as this is the period when London market is preparing to close the trades and traders are getting ready to move to US market. This creates big swings in the currency prices thus opening great opportunities for profit.
There are three major sessions of the forex market: London, US and Tokyo session. The busiest times are when the sessions overlap as traders can then purchase currencies from different continents.
The forex market of London is usually the most active as it involves many countries of the European Union. US market comes next, so the time when London session intersects with US session usually provides the biggest returns.
Expert traders consider that 10 AM is the best time as this is the period when London market is preparing to close the trades and traders are getting ready to move to US market. This creates big swings in the currency prices thus opening great opportunities for profit.
best time of the week
According to researches the biggest movements in the four major currency pairs (EUR/USD, GBP/USD, USD/JPY, USD/CHF is observed on Tuesdays and Wednesdays. Fridays are busy as well, but only until 12:00 AM and during the second half of the day the movements can be very unpredictable.