What is the best time for trading?! | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Newbie: Best broker, best platform - trading off charts? 4 replies

Best Multiasset and Best interconnected trading stations 0 replies

What is the best server time for H4 trading? GMT+0, GMT+1 or GMT+2? 10 replies

A switch: from part time trading to full time trading 8 replies

Best time to start live trading 13 replies

Attachments: What is the best time for trading?!
Exit Attachments

What is the best time for trading?!

  • #1
  • First Post: Sep 27, 2013 5:00am Sep 27, 2013 5:00am
One of the Forex trading advantages is twenty four hours a day, five days a week trading. You can start trading Sunday afternoon EST and continue till the Friday afternoon EST – seems to be perfect to operate, isn't it? But in order to get profits while trading you should choose the proper time to trade thought it may seem not to be so important at the beginning, that is one of the things one should know to become successful Forex trader and professional traders secret!

So, what is the best time for Forex trading?

The best time to trade is when the market has great number of traders, i.e. actively traded market providing you with the possibility to make profits while calm slow market is just wasting your time and efforts!

Best time to trade or Forex trading power hours, worst time for Forex Tading or poor hours of trading and many other factors affecting Forex trading we will be considering hereafter together.

Join us!!
  • #2
  • Sep 27, 2013 5:28am Sep 27, 2013 5:28am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Find the best hours of the day is important when you trade on lower TFs.

Higher are the timeframes, less hours are important.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Sep 27, 2013 5:43am Sep 27, 2013 5:43am
Quoting FerruFx
Find the best hours of the day is important when you trade on lower TFs. Higher are the timeframes, less hours are important.

You are right, but timeframes are for trader's convenient. You are able to choose any broker platform you want providing various timeframes.
But if you want to get profit, it is very important for you to choose the right time for trading (depending on where you are situated and what currencies you are operating with) in order to have more possibilities to get profits and it doesn't depend on the broker's platfom timeframes.
  • #4
  • Sep 27, 2013 5:43am Sep 27, 2013 5:43am
Quoting FerruFx
Higher are the timeframes, less hours are important.
Great Point!
Time hides Nothing
  • #5
  • Sep 27, 2013 5:47am Sep 27, 2013 5:47am
Quoting CindyXXXX
{quote} Great Point!
Thank you, CindyXXXX! Join our discussion!

What time do you prefer trading?
  • #6
  • Sep 27, 2013 5:58am Sep 27, 2013 5:58am
I think that Asian/US sessions are horrible for day trading currencies. London session is the only time I find it worthwhile.

I'm assuming US equities would be much better to day trade during the US session. London seems to be the only time worth day trading when it comes to currencies.
  • #7
  • Sep 27, 2013 5:58am Sep 27, 2013 5:58am
Quoting fxCarbone
{quote} Thank you, CindyXXXX! Join our discussion! What time do you prefer trading?
Someone sent me a PM recently with the same question. I said to him that I don't really think in timeframes, it just depends what the markets doing. if it's moving really quickly I may even be on a 1 or 5 minute chart. When it starts slowing down I zoom out to the higher time frames to try and gauge where the trading will come in.

I have and have for sometime had multiple time frames open at anyone time (weekly, daily, H4, hourly, 15m and 5m). This can be confusing and takes some getting used to at times it can lead to over analyzing things so I guess it also depends on your strategy.

In regards to the thread question, I'm in the habit of making myself available through the London session and usually for the first couple of hours for US.. That gets quite late my time so over time this will obviously turn you into a bit of a fruit loop =P

But if you're trading intraday the hour before and 2 hours into the sessions mainly London and US would be where the Volume comes in. the highest volume is in the London/US overlap at the US open...

The lower volume times like Asia (although this is more unpredictable) leave you subject to stop hunts and the like, but if stop hunting is your strategy then this may actually suit you. Emerald Eyes is a trader that comes to mind. I think he trades stops in the lower volume times from memory.

Anyway sorry to rabbit on but that would be my response in regards to time frames and session times.
Time hides Nothing
  • #8
  • Sep 27, 2013 6:21am Sep 27, 2013 6:21am
Quoting CindyXXXX
{quote} Someone sent me a PM recently with the same question. I said to him that I don't really think in timeframes, it just depends what the markets doing. if it's moving really quickly I may even be on a 1 or 5 minute chart. When it starts slowing down I zoom out to the higher time frames to try and gauge where the trading will come in. I have and have for sometime had multiple time frames open at anyone time (weekly, daily, H4, hourly, 15m and 5m). This can be confusing and takes some getting used to at times it can lead to over analyzing things...

I can't but agree with you, CindyXXXX! Of course one should have a strategy and the majority of trading depends on it but we shouldn underestimate influence of the time we have chosen for trading. And as you already said and I want to mark your mind that The Power Hours of Forex trading are from 8am to 12pm EST.

The most active trading period lasts just four hours a day! I mean the overlap of US and European sessions, that is the time when these two world’s most active trading sessions are crossing -- before the European session closing and the US session opening. Right, this time period is small however very active, so called hot zone time.

Note it coz many professional traders are doing their best while trading during this small time period of four powerful hours!
  • #9
  • Sep 27, 2013 6:21am Sep 27, 2013 6:21am
I find the best time to trade is when volitility and your trading plan come together. What I like about FOREX is
this is available 24 hours a day.
  • #10
  • Sep 27, 2013 6:32am Sep 27, 2013 6:32am
Quoting Tok
I think that Asian/US sessions are horrible for day trading currencies. London session is the only time I find it worthwhile. I'm assuming US equities would be much better to day trade during the US session. London seems to be the only time worth day trading when it comes to currencies.

Yeaaaah..... That may be related to the question like when should one avoid trading or the the worst time for Forex trading?

Cold zone time is from 2am to 4am EST.

Is the least active time for trading, so called cold zone - is the overlap of the European ans Asian sessions. Being trader it is the best time for you to take a rest or even to sleep))))
During this time period trading volume is very thin. Stay out of the cold zone! But!! You may use this time in order to get prepared for the European session trading
  • #11
  • Sep 27, 2013 6:43am Sep 27, 2013 6:43am
Quoting John Milner
I find the best time to trade is when volitility and your trading plan come together. What I like about FOREX is this is available 24 hours a day.

I like it also thast Forex market is open 24 hours a day It provides us with great opportunity to trade at any time of the day or night

Yes, volatility and I'd like to add volume!! The Power Hours are when volume and volatility reach their peak.
For those who may not know: high volatility is when you can see fast moving and quickly trending of currency pair prices and high trading volume when bying and selling of many particular currency pairs lots occurs.
  • #12
  • Sep 27, 2013 6:50am Sep 27, 2013 6:50am
best time for trading i would recommend is GMT 0 -GMT +8 it works for me very well. London depend if daylight saving time is on or off , is considered to be the best time for trading ASIAN markets in the mornings , US market in the evening . not need to say European markets are just near by , this is the best timing.
  • #13
  • Sep 27, 2013 6:51am Sep 27, 2013 6:51am
Quoting fxCarbone
{quote}Note it coz many professional traders are doing their best while trading during this small time period of four powerful hours!
Great Point also... they need the liquidity that these high Volume times offer, so you could say the moves are more "informed"

My little brother, has over the past year or so developed an interest in gambling on horses. One day we were discussing his operations and he mentioned to me how there are days and times when his "strategy" would work really consistently but then other days completely fail.


I suggested the same thing, that pro gamblers are probably not betting at certain times and days as they are finished work and so the 'hobby punters" replace them ion these times. This "un educated" and educated betting from the hobby gamblers and pro punteres respectively reflect in the odds.. In other words the pro gamblers make the odds more informative and seeing as he was placing his bets based on the odds, his strategy would work well in some times and other times the opposite. Anyway.. interesting
Time hides Nothing
  • #14
  • Sep 27, 2013 8:23am Sep 27, 2013 8:23am
Quoting CindyXXXX
{quote} Great Point also... they need the liquidity that these high Volume times offer, so you could say the moves are more "informed" My little brother, has over the past year or so developed an interest in gambling on horses. One day we were discussing his operations and he mentioned to me how there are days and times when his "strategy" would work really consistently but then other days completely fail. I suggested the same thing, that pro gamblers are probably not betting at certain times and days as they are finished work and so the 'hobby...

Like your comparison, CindyXXX


At the point!!
  • #15
  • Sep 27, 2013 8:47am Sep 27, 2013 8:47am
A major consideration that adds large volatility to the forex markets is breaking news. imo this is more influential than trading at a set time of day because a market opens or closes. Look at the impact of FOMC announcements, unemployment stats, non-farm payrolls etc., these have a huge unsettling impact on the markets.
  • #16
  • Sep 27, 2013 9:13am Sep 27, 2013 9:13am
Quoting Ttop
A major consideration that adds large volatility to the forex markets is breaking news. imo this is more influential than trading at a set time of day because a market opens or closes. Look at the impact of FOMC announcements, unemployment stats, non-farm payrolls etc., these have a huge unsettling impact on the markets.

Can't but agree with you, as well as I hope you won't deny at all time influence. Yes, there are even a number of pro traders trading on the news. You need to have platform and broker conditions providing you with the fastet order execution, so high is Forex market volatility during striking news and it is very important you to be able to close or open positions counting eve miliseconds.

The abovementioned Power Hours of Forex trading (from 8am to 12pm EST) are the best hours for trading on the Forex market. As the market is full of active traders during this time and the currencies really move, even the larger fundamental news comes out during this time.
  • #17
  • Sep 27, 2013 10:29am Sep 27, 2013 10:29am
Wish everybody good weekend, guys !!!!!!!!

  • #18
  • Sep 27, 2013 10:39am Sep 27, 2013 10:39am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Same to you!
MT4/MT5 EAs/Indicators/Alerts coder
  • #19
  • Sep 30, 2013 10:01am Sep 30, 2013 10:01am
Hi, dear friends!! New trading week has started!! So happy trading!!
  • #20
  • Sep 30, 2013 10:16am Sep 30, 2013 10:16am
3 major exist on the Forex market. They are the London Session, the US Session, and the Asian Session.

The London Session lasts from 8:00 GMT till 16:00 GMT. The most active currencies during these hours are EUR, GBP, and USD and currency pairs:

GBP/CHF
GBP/JPY
USD/CHF
GBP/USD
USD/CAD

The US Session lasts from 13:00 GMT till 22:00 GMT. The most active currencies during these hours are AUD, EUR, GBP, JPY, USD and currency pairs:

GBP/CHF
GBP/JPY
USD/CHF
GBP/USD
USD/CAD

The Asian Session is a reasonable quiet session. All the pairs have pretty slow movement it is better time for you to sleep than to trade

The only more or less active currency is the JPY and the activity is slow unless any major financial event occur.

Happy Power Hours trading!
0 traders viewing now