forex

Yes Time Of Trade It Does Make a Difference

Believe it or not, there is a right and wrong time in regard to Forex trading. The primary trading sessions run on the following schedules:United States (New York) from 7:00 AM to 4:00 PM
Australia/Japan from 7:00 PM to 3:00 AM
London from 3:00 AM to 11:00 AM

More often than not, the best time for trading is the first 3-5 hours of a session, primarily because major currency pairs have a tendency to move in a particular direction. This is especially true following an economical news release. Such news releases are usually scheduled at around 8:30 AM EST. If you’re involved in a trade during this time, be sure that you’re adhering to a personal stop loss strategy before moving ahead. If you aren’t involved in a trade, you can jump in minutes after the new trend and take advantage.

Trading sessions in London and New York overlap between 7:00 and 11:00 AM EST. During this four hour time span, volatility is a lot higher and opportunities are more frequent as bigger moves are generally made.