Best Times of Day
- Thread starter oddiduro
- Start date
actually, I trade from California so my time trading usually starts to kick in hard at 11PM to about 7 or 8AM (UK and NY sessions).
But this morning I was surprised that EUR/USD zoomed up, I think it was near or after 10AM.
Sometimes with Japan opening at 4PM my time the yen can really zing.
I noticed trades going off all weekend on my broker's platform. I may have even entered a trade or two before official trading began at 2PM Sunday.
fx
But this morning I was surprised that EUR/USD zoomed up, I think it was near or after 10AM.
Sometimes with Japan opening at 4PM my time the yen can really zing.
I noticed trades going off all weekend on my broker's platform. I may have even entered a trade or two before official trading began at 2PM Sunday.
fx
The New York exchange trades from 7:30 am to 5 pm EST. The Sydney, Auckland and Wellington exchanges trade from 3 pm to 11 pm EST. The Tokyo Exchange trades from 6pm to 11 pm, they stop to take a lunch break for an hour, then trade until 4 am EST. The Hong Kong and Singapore exchanges trade from 7 pm to 3 am EST. The last exchanges to trade are the Munich, Zurich, Paris, Frankfurt, Brussels, Amsterdam, and London exchanges, which trade from 2:30am to 11:30 am EST.
I'm following 9 pairs but focus on 3, AUD/USD, EUR/USD and JPY/USD.
To be honest FX is secondary for me.
I'm normally asleep during the overnight moves and trading index futures during the day. Most of my FX trades/order entries occur during the evening (EST) when it's usually pretty tame.
good point TL Trader brings up - the forex can be position traded.
In fact I think the forex is ideal for position trading.
basically with simple position trading you take out a position then simply 'moniter' it once a day - takes about 5 minutes.
But if it is done right it can be profitable.
the only reason I am in the market every waking moment day and night is because I have no life (well, other than the one I make for myself on www.fatsmellyvixens.com).
the advantage that gives me though is being able to post make-shift attempts at comedy on ET, and keep tabs on the forex market more than anyone else.
that way I have more opportunities to lose money.
In fact I think the forex is ideal for position trading.
basically with simple position trading you take out a position then simply 'moniter' it once a day - takes about 5 minutes.
But if it is done right it can be profitable.
the only reason I am in the market every waking moment day and night is because I have no life (well, other than the one I make for myself on www.fatsmellyvixens.com).
the advantage that gives me though is being able to post make-shift attempts at comedy on ET, and keep tabs on the forex market more than anyone else.
that way I have more opportunities to lose money.