DislikedHas anyone got any experience trading EURUSD on Pacific Standard Time? I'm about to move to this time zone, and I've heard it's the worst time zone for forex trading. Thanks.Ignored
You are correct, it's aweful. Let me explain why. If you have a full time job and a kid here's how it works...
1). you log into forex at lunch time (1:00pm pst) and look to make a trade and the market is in a coma. no opportunity unless you force it.
2). you come home from work (6:30pm pst) and look to make a trade but you haven't had a chance to research the charts and your wife is mad because you have yet to spend time with her and the kid is screaming for your attention.
3). wife time, dinner, kid bath, kid bed, time to trade. STATE OF EXHAUSTION. how do you study charts and find a high probability trade at 10:00pm pst. again, at this time the market really isn't doing much as it nears the end of the asia session. unless you force it.
4). you fool yourself into thinking you are going to wake up at 1:00am pst and be a part of the london session but you can't wake up or find yourself completely out of sorts.
5). you wake up at 4:30am pst and get about a half hour to research and find an opportunity, however, by the time a trade manifests you kid is getting up and you have to get them ready for school.
I have been trading for six years from san diego and still to this day struggle with the hours as it relates to the market liquidity, pacific standard time, marriage and children.
I think if you are single, it may be different and if you are not working different as well. Just my experience.