Learn Forex – The Best Time For Daily Forex Trading

Forex4Live Forex Signal

Forex4Live Forex Signal

Trading is an activity that can be done 24 hours a day, 5 days a week. You can make a profit between those times. The next question, are you able to work 24 hours x 5 days a week?

Yes, you can do it if you’re with a team. However, it is difficult if you are trading alone. You have to choose the right time to get the best chance of making a profit. In general, the consideration is liquidity.

Logically, you would think that this happened during the overlap between the two sessions. If you think like that, you will only be half right. There are several characteristics of two overlapping sessions that have a big impact.

Tokyo РLondon Sessions

Liquidity during this session is quite thin for several reasons. Normally, there was not much movement during the Asian session so, once the afternoon arrived, it pretty much delayed the movement.

New European traders are starting to enter their offices, trading may be boring when liquidity is small. This time is used to look for trading opportunities in the next session of London and New York.

London РNew York Sessions

In this session, the market is considered to have the greatest liquidity. Many market participants are active at this time. Asian traders, have not gone to bed, followed by “hot” European traders and US traders who are always ready to make transactions.

This is the busiest day of the day, as traders from the two largest financial centers (London and New York) are starting their luck.

During this period, we can see some great strides, especially when news reports from the US and Canada are released.

Markets can also be hit by the “last” news coming out of Europe.

If there is a trend that occurs during the European session, we can see the trend continues, as US traders decide to jump into the market and build their position after reading what happened earlier in the day.

But you have to be careful, by the end of this session, as some European traders may close their positions, which could cause some fluctuating moves just before lunch time in the US.

author
Forex4Live.com is a forex trading system website that started to be published since 2011 and has been used by thousands of traders around the world. The system is very simple and accurate, priced at $ 167 for a lifetime membership with no monthly fees or hidden fees. Our team created this system by testing thousands of indicators then selecting 23 indicators and combining them into one great trading system.
No Response

Leave a reply "Learn Forex – The Best Time For Daily Forex Trading"