Summary: For most forex traders, the best time of day to trade is the Asian trading session hours. European currency pairs such as EUR/USD show the best results. We analyzed over 12 million real trades conducted by FXCM clients, and we found that trader profits and losses could vary significantly by time of day. That data showed that most traders are what are called “Range Traders,” and their successes and failures very much depend on market conditions. In fact, this trading style means that many of them have trouble being successful in forex because they are trading during the wrong time of day. Most forex traders ... (full story)