Different hours of the day are characterized with different market behavior. This depends on the volume and also on the economic indicators that are released in every country.
Times are GMT, during the winter in the northern hemisphere. For summer times, just subtract one hour. Some traders seek the quiet hours for range trading, while others are looking for action and trading the news. The most liquid and busy hours are usually to , when major US releases are scheduled, and trading volume is at its peak — overlapping of the European and US sessions.
Best hours to trade for those who hate surprises | Forex Crunch
Further reading: 5 Most Predictable Currency Pairs. After taking a short course about forex. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. I have a B. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile. After 9 years of trading on n off, I find that any hour of the day is good for a reversal… however, London and NY opens are best.
Only trading at to GMT has been a strategy of mine for years. I just wish I was more disciplined to follow it. Great blog Yohay. Apart from these major Forex trading sessions, the market opening and closing times depend on the local business hours.
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For instance, in South Africa, the trading hours would differ from the trading session of London slightly, but there will a huge difference in the forex trading hours when compared to Tokyo. As can be seen from the Forex trading sessions, there is an overlap of trading hours between two zones every time their shift starts and ends.
These are usually the busiest times of the day in the Forex trading market. The overlap times across the financial centres are:.
The traders of South Africa can trade currency pairs during any one of the major Forex trading sessions. The local time of South Africa for the trading sessions is given as follows:. The participants trade the currency pairs according to the local time.
The traders make more profits in actively traded markets and therefore should not waste precious time behind slow and quiet markets. The currency derivatives market operating hours in Johannesburg, South Africa are given as follows:. Even if the Forex market when the 4 trading sessions are taken together is open throughout the day, the South African trader should choose the time of trading, exchanging a currency pair or speculating about the price movement of a certain pair judiciously.
The traders depend on the various trading charts, technical indicators and so on to determine the trading strategies that they should implement. It is important to devise a string trading strategy that will bring in more profits and the trader should also be able to retain the profits. The Forex market is not limited to a single region.
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It is by definition Foreign Exchange, involving the currencies of more than one country. Anyone can invest in the Forex market from any region during the major trading sessions.
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However, participating during the busiest Forex trading moments prudently will increase the profits as the Forex market will experience more volatility at that moment due to high trading volume and clashes between buyers and sellers. The instances mentioned in the previous two sentences regarding when is the best time to trade which currency pair shows that choosing a currency pair to trade is also dependent on the Forex trading session.
The traders of South Africa also have to keep in mind that they should be aware of the other forex trading hours.