So, when should one consider trading and why? The best time to trade is when the market is the most active and therefore has the biggest volume of trades. Actively traded markets will create a good chance to catch a good trading opportunity and make profits. Reviewed, improved and updated on August 24, 2012. USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active.
At those overlapping trading hours you’ll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market. Market Hours Monitor to identify trading sessions. If you haven’t chosen a Forex broker yet, we recommend Forex brokers comparison to aid your search. Download Free Forex Market Hours Monitor v2.
This is a simple program aligned to Eastern Standard Time. Time zone option is added for most of North American and European countries. Forex trading is a high risk investment. All materials are published for educational purposes only. Forex strategies for conquering the 24-hours-a-day Forex market. The Forex Strategies Guide for Day and Swing Traders 2. He’s been a trader since 2005.
I didn’t make a profit, I didn’t get paid. That’s because you’re missing one of the keys, and books and websites rarely, if ever, discuss it. It’s a step-by-step approach for how to actually implement the strategies and train your mind to utilize them effectively. 5-step method and success is an inevitability, not just a possibility. Several chapters focus on reading price action so you see market changes as they occur, and can filter out trades which have a low probability of success. I give you the main strategies I’ve used and learned over the last decade of trading, including why they work and why I like them. It takes desire, discipline and the willingness to put in time and effort.