The Most Profitable Hours To Trade & Generate Consistent Forex Income
Unlike the stock market, the forex market beings on sunday at 5p.m eastern time and ends on friday at 4p.m eastern time.It starts again on sunday at 5p.m eastern. Trading begins in forex at New Zealand next at Australia followed by Asia, in the Middle East, Europe and ends in America. The major markets in forex are London, Tokyo and New York with trading activities the heaviest when major markets overlap.
Basing from the times, you will see that there will always be someone anywhere in the world who is buying and selling currencies. You will see that when one market closes, another market opens. Trading in the Forex market is 24 hours a day.
Forex market transaction volume is always high during the whole day. However, it peaks the highest when the Asian market, the European market and the US market opens at the same time.
These are the trading hours in the forex market you have to trade in, in order to get the highest possible trades. This are the hours that are also the most profitable.
Here are the open market times that you can use as reference:
* New York: 8am to 4pm EST
* London: 2am to 12nn EST
* Great Britain: 3am to 11am EST
* Tokyo: 8pm to 4am EST
* Australia: 7pm to 3am EST
If you look at the schedule and study it, you will see that there are two instances where two of the major markets overlap on trading hours. These are between 2am and 4am EST with Asian and European markets and 8am to 12pm EST with European and North American.
These are the things you should remember when trading in the forex market. It is not only important that you know how to trade and know some strategies on forex trading, But, you should also know when is the best time to trade in this very large and very liquid market.
If you follow all these, you can be sure that you can earn a potentially higher profit than on other trading times.
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