FOREX MARKET HOURS AND BEST TIMES TO TRADE FOREX
Forex market hours – It is open 24 hours a day it provides a great opportunity for us to trade at any time of the day or night.
When it seems to be not so important at the beginning session of time to trade is one of the most crucial things in becoming a successful forex trader.
So everyone should consider the best trading time and why the best time to trade.
When the market is the most active especially for short term traders.
Because it has the biggest volume of trades
or else slow markets would waste our time and efforts.
Actively traded markets will give us a good
chance to catch a good trading opportunity and make profits.
We can see from this above picture of the map from Sydney opening
in Asia until the US closes.
The market is constantly operating from Sunday to Friday evenings measured in GMT.
This map helps us visualize those times of the day that continued liquidity of the forex the market.
What is overlap and why it is important – Forex Market Hours
One thing to keep in mind is that the two largest markets London and New York
overlap one another for about four hours.
This represents the key trading time slot for many traders.
Because more traders are participating at that moment liquidity tends to increase better opportunities but each trading day will be different from every other.
And there is no guarantee that this timeframe will generate unbelievable trades regularly.
However the London and New York markets open and trading simultaneously more trading opportunities often present themselves.
Another overlap between the trading hours of the Tokyo and Sydney markets but they are not as significant as the London and New York overlap.
Due to the significantly lower trading volume other forex trading hours.
And to watch out the release times of government reports and official economic news.