Forex Trading Times – When are you able to Make Profit?

A question many new Forex traders often ask about Forex trading times:

When is that the Best Time To Trade Forex? Unlike the opposite financial markets, the Forex market closes only on weekends. The Forex market opens for trading Sunday night (5 PM EST) and closes for business again on Friday afternoon (4 PM EST). When the Asian market is closing, the ecu market opens, then the US market until the Asian market opens again.

So this suggests to you that you simply as a trader has total freedom on when to trade.

But not all trading times are equally profitable for Forex trading.

The question is ‘When To Trade?’. We are getting to attempt to answer that question.

Asian Session (Tokyo) (7PM : 4AM EST):

The Asian Forex trading session begins at 7 PM EST (12 AM GMT) and closes at 4 AM EST (9 PM GMT). During this session the foremost often traded Forex are GBP/JPY, GBP/CHF and USD/JPY. These currency crosses can fluctuate 110 pips.

U.S. Session (New York) (8 AM : 5 PM EST):

The US session kicks of at 8 AM EST and closes at 5PM EST. The US sesssion is sort of volatile due to the opposite markets, stocks and bonds, are higly linked to the USD.The commonly traded traded currency pairs during these Forex trading times are this session: GBP/USD, GBP/JPY and USD/JPY which fluctuate around 95 pips. there’s also trading in USD/EUR and USD/CAD.

European Session (London) (2 AM : 12 PM EST)

London is that the the foremost important and influential trading center at a market share above 30%. the majority of all Forex trades within the market are executed out during these Forex trading times due to the liquidity and quick efficiency of the market.

All major currency pairs are traded during this session. For risk loving traders the GBP/JPY and GBP/CHF have very high fluctuations of up to and even surpassing 140 pips.

Leave a Reply

Your email address will not be published. Required fields are marked *