Forex is open 24 hours a day, 5 days a week. For this reason, it is impossible to monitor every price move and You May be able to do that with stocks or bonds. And since timing is everything when it comes to making money in forex, you need to know when the best time to have your trading strategy.
European Trade Times (London) - 2:00 to 12:00 EST
the busiest period in the Forex trade. Liquidity is very high, ranging 80-200 pips is quite common in European markets. The trends are occurring almost daily in the European session, so that the trend-trading strategies tend to work very well for this time.
Asian trade The Times (Tokyo) - 7:00 to 4:00 EST
Tokyo, Hong Kong and Singapore make up the majority of action during the Asian time. General liquidity during the Asian session low, and sometimes completely foreign stagnant. However, there are times during the period of the Asian that you can make some good money, while others are not paying attention. If you have a strategy that depends on the side or in a range of markets, the Asian session might be for you.
U.S. Trade Times (New York) - 8:00 to 17:00 EST
Most trading is coming 8:00 to 12:00 p.m., and U.S. banks are open, because that is when the European traders are still trading. Combine European and U.S. liquidity, and it is not surprising that many of the major moves occur during the first part of the U.S. session. Also, looking at other markets (stocks, bonds, futures, oil, gold, etc.) during U.S. trading hours can really help you figure out where to go next May Forex. Trend trading strategy can perform very well during the American period, due to large movements.
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