When is the best time to trade Forex? I'm looking for ways to optimise my trading strategy.
Brokerpedia is a trademark of Media Vest FZ-LLC, a company incorporated in the United Arab Emirates with license number 101647. Information published on this website is not directed at residents of the United Arab Emirates and is not intended for use by any person in any jurisdiction where such use would be contrary to local law or regulation.
5 comments
Hey @alldaylong, in my opinion, the best time to trade really depends on the currency pair you're focusing on. Each pair has its own peak times when volatility and liquidity are higher.
For example, if you're trading the EUR/USD pair, you should consider the overlap between the London and New York sessions. This usually happens between 8 AM and 12 PM EST. During this time, both the European and American markets are open, which leads to higher volatility and more trading opportunities in my experience.
That makes sense. So, for EUR/USD, the best time would be during that overlap period. Does it apply to other pairs as well?
Yes, it does, but the peak times can vary. For example, pairs that include the JPY often see more action during the Tokyo session. So it's really about aligning your trading times with the active market hours for the currencies you're trading. Hope this helps!
Got it, thanks for the tips guys.