19. When to Trade Forex?

November 14, 2022

Technically, you can trade anytime during business days, 24/5 from Monday to Friday. But the best time to trade is mostly during the overlapping time of New York and London markets.

You can trade almost anytime as the forex market opens 24 hours during working days. But based on the opportunities provided, New York and London overlap session from 1 PM to 5 PM (GMT) is considered to be the best time by many traders. However, that does not mean other sessions are not tradable. In fact, each market has characteristics that you can take advantage of:

  • The Tokyo session (12 AM to 9 AM GMT) is typically slow with minimum volatility, where you can trade USD/JPY and other Asian currency pairs with range-bound strategies during this session.
  • Meanwhile, the London session (8 PM to 5 PM GMT) usually provides the best opportunities to trade breakouts from key levels that are formed during the Tokyo session. Euro and Pound are the two most popular currencies during this session.
  • As for the New York session (1 PM to 10 PM GMT), traders tend to focus on the earlier part to trade the news from the US and ride the volatility during the overlap session with the London market. The price movement would drastically slow down around the closing of the New York session.

Education (46)

1. What Is Forex? 2. Why Does Forex Market Exist? 3. What Drives the Forex Market? 4. Why is Forex Trading Popular? 5. Can I Get Rich in Forex? 6. Are You Curious? Want to Discover More about Forex Trading? Meet Demo Acount! 7. I'm a Newbie, How to Master Forex Trading? 8. What Forex Knowledge Should I Conquer? What Are the Steps to Go Thorugh the Journey? 9. What are Software and Glossaries in Trading Forex? 10. How to Read the Forex Market? 11. How to Practice Forex Trading? 12. How to Ride on the Forex Wave? 13. How to Prepare Basic Trading Requirement? By the Demo Account? What about the MT4/MT5? 14. What is Bid-Ask Spread? 15. What is Pip? 16. What is Lot Size 17. What is Leverage in Forex Trading? 18. What is Margin? 19. When to Trade Forex? 20. What is the Most Dominant Market in Forex? How is the Characteristic? 21. What is Chart in Forex? 22. What is Candlestick? Why is It the Most Popular Chart in Forex? 23. What is Technical Analysis? 24. What is Fundamental Analysis? 25. What are MT4 Indicators and How to Use Them? 26. What is Risk in Forex? 27. What is the Psychological Effect in Forex Trading? 28. How to Compile a Strategy Template? 29. How Long Should You Practice in a Demo Account? 30. When Do I Need to Start Learning about Brokers? 31. What Exactly Does a Forex Broker Do? 32. Can I Trade Forex without Broker? 33. How Much Money Do You Need to Trade in Forex Brokers? 34. How to Choose a Good Forex Broker? 35. What is Regulation? And Why Should Regulation Exist? 36. Why Should You Choose Forex Brokers with Top-tier Regulations? 37. How to Choose Forex Brokers Based on Your Need and Where You Are From? 38. What Brokers Should You Avoid? 39. Is There Any Broker Scam in History? How Bad Is It? 40. What are the Most Popular Brokers in The World? 41. What are the Best Brokers For Entry-Level Traders? 42. What are the Best Brokers for Traders with Minimum Deposit Capabilities? 43. Which Broker Provides a Demo Account and Easy Setup? 44. Which Broker Provides Easy Registrations? 45. What and How to Deposit on Forex Brokers? 46. What and How to Withdraw from Forex Brokers?




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