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Page is loading, please wait... What is the best time of day to trade the Forex Currency Market? That is a good question in a market that runs 24/6! It is apparent at first that you could trade whenever you want to trade, but this is deceptive. The key factors to determine your best time to trade Forex are these: Where on the planet do you live? If you live on the East Coast of the US you will have to get up in the middle of your night to trade the European or British currency openings. If you live on the West Coast of the US you will have to get up at about 4:00 AM to be able to trade the New York open. What does your body do best with in terms of sleep schedule? It might be best to time your trading to your biological clock. Are you a "night owl"? Do you have trouble waking up early? Don't try to trade when you are still wiping the sleep out of your eyes or you may also wipe out your account. What currencies are you going to trade and when do their Forex Currency markets open? There is often anticipating movement ahead of the market open, and for a few hours after the opening, and then it can go relatively flat for the remainder of the day. You may need to be there for the opening action if you want to get the best trades. When does your FX Trading Plan and Strategy work best? You may need to back test your FX Trading Strategy to find this out. Not all the Forex Currency Market techniques work all the time in the markets. Some random articles: Forex Traders - Being Realistic I think many new traders often doom themselves even before they open up their trading charts because they buy into all the marketing hype that's been fed to them, and they think they can easily get so... (read more) Forex Traders: Are they Gamblers? Forex trading can be a very profitable activity for retail traders. We've all heard about traders that make a few thousand dollars in only a couple of hours ... which makes trading sound like easy mon... (read more) |