There are various trading markets involved in Forex trading. The Forex trading therefore, supply the flexibility of time. Though you can make trading for 24 hours; but you must know the best time to trade.
The New York and London Forex Markets
The overlapping time period of New York and London trading markets is from 7 am to 11 am. During this time range, market is really of high explosive nature. This is followed by more regular trading options with larger shifts, particularly within these four hours.
This also a very productive time for trading activities and you will be able to formulate 30 to 100 pips may be in few minutes or hours during this time range. You may utilize any of your technique at any point of time, particularly for the happenings around.
The Three Main Forex Trading Markets
The timings of three main Forex markets are as follows. These three are highly volatile markets where maximum trading activity worldwide takes place:
- Japanese and Australian markets open at 7pm and closes at 3 am
- The London Forex trading market starts at 3 am and ends at 11 am
- New York market open at 7 am and stops at 4 pm
Generally the ideal time for trading is starting 3 to 5 hours of above mentioned time ranges, as the main pairs of currency inclined to mainly shift in a specific direction. It is particularly influenced by the economic happenings across the Globe
The Absolute Best Time to Trade
The supreme time for trading is from 3 am to 11 am Eastern Standard Time. The New York and London trading meetings partly cover between the timeline of 7 to 11 am Eastern Standard Time. During these four hours, the market is very unpredictable and also offers numerous options of trading with relatively large shifts
Currency Pairs Move Most During This Time period
The currency pairs that are largely traded through this time period are:
- US Dollar/Swiss Franc
- Great Britain Pound/US Dollar
- Euro/US Dollar
- US Dollar/Japanese Yen
During this time period, you can generate from 30 to 100 pips may be within few minutes or hours by using any of your tactic at any time, particularly during the time of news releases.
