When is it better to trade on Forex?
Many traders trade the original there is quite pertinent question - when to trade the forex. Given that the market operates and expects our action for 24 days, five days a week. Different currency pair behaves differently at the same time Forex. So when it is better to trade?
In general, the cycle of day trading the forex market can be divided into 4 parts, rather than on 4 trading sessions, depending on the time trading Forex on various exchanges around the world:
- London. It begins from 8 am to 17 pm;
- New York. It begins with 13 days to 22 pm;
- Sydney. It begins with a 22 pm to 7 am;
- Tokyo. It starts at 1 am to 10 am.
As you've probably guessed, what currency to trade, at a time and the best. For example, the yen is better to trade during the Tokyo session, the US dollar - in New York, the pound, the franc, the euro - in London. The reason for this is very simple - the main currency holders come into play, good movement begins, rises likvaidnost, and behind her, and the volatility of the Forex market.
Now it is necessary to talk about how the forex market trading week. After all, any trader with some experience trading will tell you that every day in the forex market is different, different market activity, price action, clarity of signals.
On Monday, the market can be seen quite calm environment. The reason for this is that oddly enough all the people Monday heavy, even for traders. on the market there are no ideas for the further movement of prices, investment ideas are just not available. Another thing you can call what important news on Monday there too. An exception can only be extraordinary events that have taken place over the weekend.
On Tuesday, traders finally take himself in hand and begin to work. This day is the ultimate in trading week as the day market is structuring. It appears movement and, in most cases, the signals input into the market.
Wednesday and Thursday the most favorite day traders, ask anyone. The thing is that during these two days in the market there are very nice and big movements. Since Tuesday we saw the entry signals, then on Wednesday and Thursday, we get a large profit, and someone gets a big loss.
By Friday, the market activity significantly decreases, traders start to close positions, so as not to leave them for the weekend. Volatility can support only go to the end of the week news or statistics.
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