What are the Best Forex Trading Hours?
The forex market is the most liquid financial market in the world
. Trillions of dollars change hands everyday. It's a market that has great potential of making you rich, but it can also lead you to losses. In fact more people lose than earn money from it. We can say, of course, that those who lost where not really prepared for the market. With all the forex training courses nowadays and advance trading software, there's really no valid reason why anybody should lose money in the forex market.
Earning from the forex market is not only about being skilled in analyzing forex trends. Your platform can help you in that score. Nowadays, there are even forex companies providing you with forex signals, alerting you of potentially profitable developments in the market. Another important aspect of forex trading is, knowing when to trade. The market is a 24 hour business. The Asian, American, European markets may be open for only eight hours, but since it's daytime in America but nighttime in other parts of the world, the global forex market practically never sleeps. You should know what the best forex trading hours because that's when you have better chances of earning money.
Below is the trading hours of the different forex markets:
London 2am to 12nn EST
Great Britain 3am to 11am EST
Australia 7pm to 3am EST
New York 8am to 4pm EST
Tokyo 8pm to 4am EST
There is one thing you'll notice with these schedules trading hours overlap. The times when schedules overlap are the times to trade best. Why? Well, there will be more currency movements as there are more traders in the market. And when there more currency movements that's where forex trends become evident. That is the time when the opportunity to make a killing arises. You'll have your software up and running of course analyzing the trends and feeding you the most favorable scenarios to put up your trade. During these hours, obviously, you have to be alert studying situations as they unfold and grabbing all earning opportunities that come your way.
What are the Best Forex Trading Hours?
By: Kc Yap
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