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What Are The Best Hours For Forex Trading?
Forex is a highly dynamic market with lots of price oscillations in a
single minute, this characteristic of the Forex market allows traders
to enter the market many times a day and pull some profit from these
number of trades. If you want to find an appreciable number of
profitable trades you need to enter the forex market at the best
period of time, i.e., when the activity, the volume of transactions,
is the highest. More information can be found at http://www.1-forex.com
The main timing characteristics of the Forex market are the following:
* Forex is 24 hour market - It starts from Sunday 5pm EST through
Friday 4pm EST. Rollover at 5pm EST
* Forex Trading begins in New Zealand, followed by Australia, Asia,
the Middle East, Europe, and America
* The US & UK account for more than 50% of the market transactions
* Forex Major markets: London, New York, Tokyo
* Nearly two-thirds of NY activity occurs in the morning hours while
European markets are open
* Forex Trading activity is heaviest when major markets overlap.
From this timing facts, it is quite visible that at any given time,
somebody somewhere in the world is buying and selling currencies. As
one market closes, another market opens. Business hours overlap, and
the exchange continues as day becomes night and night becomes day.
The great liquidity of Forex, combined with a market that's traded 5.5
days a week around the world, offers you an exceptional independence
and choices to trade Forex when you want to and not when the market
wants you to do it. Trades always develop with relatively the same
frequency, regardless of time. As long as the Forex market is open,
there is about the same probability that you will find a trade,
whenever your look for it.
During each trading day, the total Forex "volume" is determined by the
number of markets that are open and the times each of these markets
overlap one another.
Forex market volume of transactions remains high during the whole day,
but peaks highest when the Asian market(including Australia & New
Zealand), the European market and the U.S. market are open
simultaneously. And these are the trading hours you must target in
order to find the highest possible amount of profitable trades.
This is the breakdown of OPEN Market Times for your reference:
* New York Market trade times: 8am-4pm EST* London Market trade times:
2am-12Noon EST* Great Britain Market trade times: 3am-11am EST* Tokyo
Market trade times: 8pm-4am EST* Australia Market trade times: 7pm-3am
If you pay attention to the last schedule you will notice that there
are two times when two of the major markets overlap during trading
hours; between 2am and 4am EST (Asian/European) and between 8am to
12pm EST(European/N. American).
So here you have it, if you want to find a great number of profitable
trades, focus on the hours when the markets tend to make their biggest
moves, i.e., during these big markets overlaps, which therefore, are
usually the Best Times to Trade
IvyBot, Best Professional Forex Trading Robot - http://ivyfxbot.url-site.com/
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