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Forex market hours and start of day
- Thread starter kmiklas
- Start date
after losing so many times i am still surviving in this market place. this is the real character of this place.
Try trading when the New York and the UK trading sessions overlap (if you get time). The liquidity is a lot higher during this time.I trade the New York session because it is known for its high liquidity, plus I trade only pairs having USD, so this session suits me. However, I can only spare 2 hours due to my shift.
Prefer trading when the currency pair you are trading has the highest liquidity.
same to me, i also use EUR/USD in New York session .I prefer trading between 8:00 am and 12:00 noon EST. As I trade EUR/USD and at the above specified time the New York and London sessions overlap, offering high liquidity.
The forex market's capacity to trade 24 hours a day is owing in part to numerous international time zones, hence they are open 24 hours a day, seven days a week. Also, the fact that most of the trading is conducted globally, gives them more exposure, whether international or local, allowing them to be available for daily transactions. Although, I find London session time to be better to start my trading of the day.
generally traders select their trading time according to their experience , i mostly like to trade Asian session.