What time should you trade Forex?

Traders and investors are often surprised when they realise how many variables forex trading is compiled by. An outsider and very often an actual trader believes that in order to trade in the online forex industry all you need is an account and a trading platform. Some of you may find this as a slightly ridiculous thought to miss whilst others might be asking themselves ‘Well, what else could you possibly need?’. Successful forex trading is only achieved when the trader comes to terms and works with the different variables involved in the game and one of these variables is time.

Everyone is familiar with the phrase ‘time is money’ and in forex trading this couldn’t be any more true. Knowing that different markets are open at hours is basic, knowing what time these markets are mostly affected is what distinguishes professional traders from the average.

To begin with, each trader regardless of whether they are interested in the certain market or not, he is compelled to know the forex trading hours of each, especially because some markets often overlap each other’s and these small windows often open the biggest trading opportunities:

New York 8am to 5pm EST (1pm to 10pm GMT, 3pm to 12am EET)

Tokyo 7pm to 4am EST ( 12am to 9am GMT, 2am to 11am EET)

Sydney 5pm to 2am EST ( 10pm to 7am GMT, 12am to 9am EET)

London 3am to 12pm EST( 8am to 5pm GMT, 10am to 7pm EET)

Proper time management can be the key to your success as a trader because as a trader you must never miss out a chance of trading or investing even by a second. Which brings us to our next point which is when two markets overlap. These hours are proven to hold the highest volume of trades and therefore increasing each trade’s chance substantially if, of course, all the other variables of your trade have also been put together in the same detailed way as choosing the right hour.

New York and London: between 8am to 12pm EST

Sydney and Tokyo: between 7pm to 2am EST

London and Tokyo: between 3am to 4am EST

If we take for example the New York and London overlap, this would be an ideal time to trade EUR/USD or GBP/USD currency pairs simply because both home markets of these currencies are awake at the same time.

When it comes to trading, we said this before, it’s all about what you know and everything else in your arson are just additional tools. Knowing which time works best for your trades can transform your outcomes instantly, and here we like to trade in the fast lane there’s no reason for you to lose even a minute because of market time glitches.

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