Everyone's been told that Forex Trading is known as a 24 hour market, and that it's possible to trade all hours of the day and night. What you've not learned will eliminate your success. Forget About any notion of forex trading whenever you want. To be a profitable trader you need to know when and why to trade during specific forex trading hours. This document will show you how to select the perfect time to trade forex. Forex Trading is a Foreign Exchange spot market in which traders converge to trade currencies. Forex is the largest, most volatile market, and it has the most liquidity out of any market. Every day 1. 8 trillion dollars are traded in the currency market. This is not a game for little boys! The biggest players in Forex are large major banks. It is the banks that you will be competing with, and it is the banks that move the market. Real-time Forex news trading is really a ability that takes time to learn. You're competing against Ivy League whiz kids and automated trading systems. If this intimidates you, undertake bridge at the senior citizen center, and try your shot at something safe like government bonds --- Forex Trading is for people who are not afraid to take risks. No risk, no reward! Live Forex trading is a virtual game of hide and seek: The big banks and your fellow traders are out to get you. Ignore the success you have had in demo accounts, realtime Forex trading is really an entirely different game. Take your time reading this When is the best time to trade Forex? The biggest joke that's played on new Forex traders is the myth that Forex can be profitably traded at all hours of the day. This is a big disservice to beginners because they wind up trading at the most unprofitable times of the day. Live Forex trading isn't really round the clock. Let's learn when you should trade. The best Forex trading hours are when there is an overlap between two major sessions. The major sessions are: New York starts at 8:00 am to 5:00 pm EST Tokyo opens at 7:00 pm to 4:00 am EST Sydney opens at 5:00 pm to 2:00 am EST London starts at 3:00 am to 12:00 noon EST The absolute best time for you to trade is in the period when the New York session and London session overlap. For people on the east coast of the United States, it is between 8 am EST and 12 pm EST. This overlap in sessions is when most of the major action happens, which is where most intraday traders should trade. During this time, it's not odd to seea currency pair like the EUR/ USD move 100 pips. If your goal is to do any kind of day- trading, do it during this overlaping time. The time before the Asian session closes overlaps with the start of the London session (3 am to 4 am); this is a good time for you to trade on some early market momentum. Understanding the right Forex trading hours will keep you out of trouble. Live Forex trading is a lot different from trading on a demo account. Real time forex trading is dictated by when you decide to trade. By only trading in the peak hours, when two sessions overlap, when the majority of the money is being pumped into the market; a trader is able to grab a piece of all the major moves of the day. Understanding when to trade comes behind money management and self-discipline. Have fun with your new found knowledge.
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