Forex trading market is open almost 24 hours which gives it the flexibility unlike other investments. However, what are the best times to trade? It actually depends on which currencies that you want to trade in.
Firstly, the market is open between 0800 GMT and ends at 2200 GMT. During this period, the trade goes on around the world or as we know it, the office hours of every country. The time when most profits and losses are made is between 1300 GMT to 1600 GMT. So, if you want more selections this period will be the best to make your trade. Still, there are a few sessions that you can choose from.
What are the Best Times to Trade Forex Online?
Asian Session - Asian session is generally a slow moving one. However, with the current economy recession, it is best to do your own research and find out the pairs that can gain the most profit for you.
US Session - US session is often the most active and starts around 1300 GMT. Some currencies that are active are USD and EUR. However, watch out for yourself after the severe economic downturn in US.
London Session - London session starts around 0800 GMT and ends at 1600GMT. Some noted currencies would be the same as US.
On the last note, the best time to trade is between 1300GMT to 1600GMT. Around this time, most currency traders will make their trade and you will be able to choose from a variety of currencies. Even most of the vital news comes out during this period and you should not miss out on all the happenings in the forex market.
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