Best time to trade

[ezekiel]

Hi guys ...

I prefer to trade the london session and sometimes extend it to the opening of the new york session. During london hours the market is the most liquid and you can get some good moves.

The new york session works well too, and as stated previously most US economic news comes out in the morning EST, so can also be volatile. Asian session is most notorious for stop running (IMHO) ...

Ezekiel

[Magic23]

I'm a newbie to moneytec, but have been an FX trader for about 5 years, and I too have grappled with what time to trade since day 1. For me it comes down to whether you trade news or the charts. If I was to trade news then I'd trade US market only, but I prefer to trade TA and I look at all time intervals (from daily charts to ticks) on 15 different pairs so I may be in one trade for a few minutes and another trade for a few days....depends on the pattern and time frame. So in other words, it matters not when I enter a trade, if the pattern is right it is right. Also I have to watch when economic news is released to set stops a bit tighter or exit.

[Gab]

Originally Posted by TraderGeek

Hi all,

I'm a newbie and just gettng into forex. Have a demo account I've played with ... got lucky on the last couple days of Euro climb but I know it was just dumb luck.

Anyway, since I have a day job during US Market Hours, I'm wondering what would be the best time to trade in the evening and what currencies? Would JPY stuff be best since the Asian markets are open then?

What I'd like to do is develop 2 strategies:

1. A swing / multi-hour / multi-day strategy that is "set and forget" that could be active while I'm at work. With this one, advice on times to enter and pair(s) to focus on would be helpful.

2. An active strategy where I'll be in and out while watching the screens, preferably that I could trade sometime between 7PM and midnight or so, CST.

BTW, I'm in US CST if that helps. EST is fine though ... I can handle that transition. It's Asia that gets me.

TraderGeek,

I'm newbie and at daytime working too..i'm interested with your style. Wonder what u mean by CST and EST here?

[forexfighter911]

It's a good article for reading. When to Trade?

[arashas]

I think best time for newbies is Asian session cos market is less volatile and you are under low risk

[stevez]

I found a lot of people here saying rubbish, just for marketing.
I doubt BM never read this thread? I strongly recommand ban this guys.

back to this thread itself, I do think EU session and US session is the best time, asia time is tight.

[fxguru1]

For the best times to trade check out forexbastards.com/secretshours.shtml
excellent time chart.

Cheers!