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What Are The Best Hours For Global Forex Trading?

by Adrian Pablo

Forex is a highly dynamic global currency market with lots of price oscillations in a single minute. This characteristic of the global Forex market allows traders to enter the market many times a day and pull some profit from these number of trades.
If you want to find an appreciable number of profitable trades you need to enter the forex market at the best period of time, i.e., when the activity, the volume of transactions, is the highest.
More information can be found at http://www.1-forex.com. The main timing characteristics of the Forex market are the following:

From these timing facts, it is quite visible that at any given time, somebody somewhere in the world is buying and selling currencies. As one market closes, another market opens. Business hours overlap, and the exchange continues as day becomes night and night becomes day.
The great liquidity of Forex, combined with a market that's traded 5.5 days a week around the world, offers you an exceptional independence and choices to trade Forex when you want to and not when the market wants you to do it. Trades always develop with relatively the same frequency, regardless of time. As long as the Forex market is open, there is about the same probability that you will find a trade, whenever your look for it.
During each trading day, the total Forex “volume” is determined by the number of markets that are open and the times each of these markets overlap one another.
Forex market volume of transactions remains high during the whole day, but peaks highest when the Asian market(including Australia & New Zealand), the European market and the U.S. market are open simultaneously. And these are the trading hours you must target in order to find the highest possible amount of profitable trades.

This is the breakdown of OPEN Market Times:

If you pay attention to the last schedule you will notice that there are two times when two of the major markets overlap during trading hours; between 2am and 4am EST (Asian/European) and between 8am to 12pm EST(European/N. American).
So here you have it, if you want to find a great number of profitable trades, focus on the hours when the markets tend to make their biggest moves, i.e., during these big markets overlaps, which therefore, are usually the Best Times to Trade

Adrian Pablo; Forex trader and freelance writer. You can download a free Fibonacci trading report at his website http://www.1-forex.com. Article Source: http://EzineArticles.com/?expert=Adrian_Pablo

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