When to Trade Forex
Forex trades are carried out from different time zones all over the world so the market is open 24 hours a day giving traders the freedom to choose when to work. But is it truly active and profitable all the 24 hours? No! Quite often, beginners are misled by the fact that currency trading happens at all hours so they start trading in times when nothing happens as it should.
There are specific times when the activity and liquidity peaks... and these special times are when the most active sessions overlap.
During the overlapping of sessions, the flow of transactions and money is the highest, thus fueling the currency fluctuations and forming notable trends.Knowing the best time for trading is critical for success.
3 Golden nuggets of forex timing
Busiest session
The busiest session of all is the London (Europe) session. 30% of all trades happen during this session.
Session Overlapping
The best hours for trading are during the overlapping of the major sessions. The most important one: London/New York.
The most active days
The most active time of the week is from Tuesday to Thursday.
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