Forex trading times

Unlike the stock trading market , forex market is open 24 hours, so if an trader desires to enter in forex market , there are certain forex trading times  when one should trade in order to avail maximum profit. There are certain hours in a day when this forex market can be real good place to trade because one will find that the market is much more flexible during those hours. So apart from good trading platform, one should also need to have a good knowledge of best forex trading times. Ankit Gupta ,forex analyst , also quotes-“ in forex trading there are certain hours which one should look out for in order to derive maximum benefit which are not possible if he would have been trading in less flexible hours”.

If you analyze closely you will find out that there are some forex trading times which are busier than others , it means  frequency of transactions is more in these times. Its all because of only one fact that forex market opens at different times in different parts of the world. In actual forex is not a 24 hours market, it is only seems that way because of the overlapping of times of different markets. New York and London overlaps from 8:00 am to 12:00 noon EST, Sydney / Tokyo 7:00 pm to 2:00 am EST,London / Tokyo 3:00 am to 4:00am EST,  So, if a trader is looking to tade in EUR/USD, GBP/USD currency pairs  then trading  between 8:00 am and 12:00 noon EST would be great idea.

In order to make good strategy one should have knowledge of forex trading times, one needs to be clear in his mind that what strategy to apply in particular trading time in which a specific pair whould have trading highest. As explained earlier due to overlapping of markets some times become best forex trading times for specific currency pair, So one should take a note of these times, because during these times maximum numbers of traders participate, thus increasing the opportunity of making profits.

Ankit Gupta, a full time Forex trader and Analyst, recommends to get a strong understanding of trading techniques and concentrate on risk and reward ratio with the help of good online forex trading platform.

For more information on forex trading you can visit http://www.etoro.com/learn/market-hours.aspx

About Ankit Gupta
Ankit Gupta is a Technical Analyst of Forex Trading

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