Do you want to know when is the best time to trade Forex markets and what you need to do during this time period? The best traders are able to identify these windows of opportunity and make maximum profits out of them when volatility and trade volume spikes significantly. This dynamic volatility is what allows good Forex traders to profit, and timing is the key to determining the success of the trader.
1. When is the Best Time to Trade Forex Markets?
It is possible to open trades and profit at any time the currencies market is open, which is 24 hours a day except on weekends when it closes. To find the best time to trade, you need to find the time period with the most volatility and you also must ensure that the signals generated by prices within this time period are reliable.
From my own experience, the best times are usually those with the most markets open and overlap one another. This increases the volume of trading significantly, and by understanding the parties that trade during this time period, the price direction also becomes much more predictable.
2. Which Time Periods is the Volume of Trade the Highest?
The time periods when volatility and volume of trading are at maximum is when the US and European markets as well as the Asian and European markets are open at the same time. You should get a clearer picture once you see the opening and closing timings of these markets.
Great Britain Market : 3 am to 11 am EST Tokyo Market : 8 pm to 4 am EST London Market : 2 am to 12 noon EST New York Market : 8 am to 4 pm EST The European and US market are open simultaneously during 8 am to 12 pm EST and the European and Asian markets are open 2 am to 4 am EST. These are the overlapping times that are the best times for currency traders to profit from.
Do you want to profit during the Best Time to Trade Forex? Read the author's review of the Top 5 Forex Trading Systems on the web at http://www.review-best.com/forex-trading-robots.htm first!
The author has found a 100% automated Forex Trading Robot that is making him over 40% returns on his capital every month. Check out the website above to find out more!
Article Source: http://EzineArticles.com/?expert=William_Barnes
Friday, August 21, 2009
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