When should you trade

Now that we have gone over what forex is, why you should trade it, what it made up of we are now going to learn when you can actually trade. As they say;

“Discipline isn’t a dirty word. Far from it. Discipline is the one thing that separates us from chaos and anarchy. Discipline implies timing. It’s the precursor to good behavior, and it never comes from bad behavior. People who associate discipline with punishment are wrong: with discipline, punishment is unnecessary.”
 ― Buck Brannaman, The Faraway Horses: The Adventures and Wisdom of One of America’s Most Renowned Horsemen

So we has said previously the forex market is 24 hours but that doesn’t mean it always as active all the time. You can make money when the market moves up also as the market moves down but you cant make money when the market doesn’t move. Previously I had said the fluctuations, changes in price are what make it possible to make money in the forex market. So when there is more fluctuations in price the more opportunities that appear where money can be made. And as matter of fact , there will be times when the market is as still as the victims of Medusa or the various roman statues known all over the world . We need to determine when the best times of the day are to trade and I’m here to help you understand.

Before we understand when the best times to trade, we must look at what a 24-hour day in the forex world looks like.

The forex market can be classified into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session.

Forex trading hours, Forex trading time:

New York opens at 8:00 am to 5:00 pm EST (EDT)

Tokyo opens at 7:00 pm to 4:00 am EST (EDT)

Sydney opens at 5:00 pm to 2:00 am EST (EDT)

London opens at 3:00 am to 12:00 noon EST (EDT)

And so, there are hours when two sessions overlap:

New York and London: between 8:00 am — 12:00 noon EST (EDT)
Sydney and Tokyo: between 7:00 pm — 2:00 am EST (EDT)
London and Tokyo: between 3:00 am — 4:00am EST (EDT)

For example, trading EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active.

At those overlapping trading hours you’ll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market

So we go to the BEST DAYS TO TRADE…

 

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