However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader. 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. How To Double The Account In 1 Day? You can help thousands improve their trading! Who’s online There are currently 29 users online.
Submitted by User on February 13, 2011 – 08:45. I have been working on a 1H swing strategy past weeks and I would like to share it with you. Stop Loss: 50 pips, or use a trailing stop. Take Profit: 100 pips, or just wait for a new signal.
I’m happy with 100 pips per trade. Enter a position when the SMA 3 has crossed the EMA 50 on chart, and MACD or Full Stochs has crossed the EMA 8! It doesn’t have to cross the original signal line yet, this will happen a few moments later. I don’t want to miss accelerations in price movement, so that’s why I decided to add an EMA 8 to the indicators, just to get trade signals a little earlier. So, enter a trade when EMA 50 and SMA 3 have crossed AND Full Stochs OR MACD have crossed their EMA 8. Remember, you don’t have to wait for the MACD or Stochs to cross their own signal line, just crossing their EMA 8 is enough, but never enter a trade before the EMA 50 and SMA 3 have crossed too!
This is a simple system, but it has worked very well for, making over 100 pips a week which is totally fine for me. Submitted by John on July 7, 2012 – 20:35. Submitted by User on October 22, 2011 – 04:57. Submitted by User on July 13, 2011 – 11:46. Sir, Please tell me how can we attach EMA 8 with full stochs or MACD ?
Submitted by James on July 12, 2011 – 06:57. Hi hessel, hope all is well mate. Could you tell me if this strategy works for any currency pair, and also do you have any past results? Submitted by User on June 6, 2011 – 16:23.
I like the look of this type of system. Have managed to get my 8ma onto stoch and macd but a bit more guidance on entries from the regulars would be appreciated. Submitted by User on April 24, 2011 – 03:09. I usually use Close when coding as the default. But I’ll leave confirmation of these to the real experts on this excellent site! Submitted by User on April 21, 2011 – 09:30. Stand for smooth or simple moving average.