Forex is at the centre of attention for many people who want to invest and get their share from the biggest liquid market today. Of course, such a big industry should really have a logical way of using it as it is increasing day by day. As such, everyone who wants to earn in Forex begins to face the question of “how to trade forex?” or ‘’how to make money on forex?’’ Here, as it is one of the questions that people are wondering about all the time, we prepared detailed research on what is the best time to trade in the Forex market during the day.
As you know, every profession has certain working hours, and some of these working hours are really time zones that we call golden hours. While there are a lot of people who want to earn in Forex, some of these people can earn while others may not receive the money they invested. However, Forex, which operates through various strategies, has the most earning hours during the day, and when you determine these hours, you can enter an even more profitable period.
What are the forex markets hours of operation?
Before starting the personal strategies, let’s check the forex market operation hours first. This is the list of the forex markets hours of operation.
- New York from 8:00 am to 5:00 pm EST
- Tokyo from 7:00 pm to 4:00 am EST
- Sydney from 5:00 pm to 2:00 am EST
- London from 3:00 am to 12:00 noon EST
What are the best times for trading forex?
Best hours of forex trading is when two essential session overlap. When you trade between EUR-USD currencies, for instance, 8:00 am and 12:00 noon EST will be the perfect time as both of the origin countries’ exchanges will be open during this time.
Here is the list of the best hours for forex trading;
- New York and London: between 8:00 am — 12:00 noon EST
- Sydney and Tokyo: between 7:00 pm — 2:00 am EST
- London and Tokyo: between 3:00 am — 4:00 am EST
When to Trade Forex?
Earn When You’re Best!
Forex is a bit of a money market, a bit of trading power, and a bit of an investment tool chosen for different reasons. However, Forex is not a world where computers can trade on their own, and it constantly needs people to trade. For this reason, the hours that people feel best while trading will be the best hours for Forex. Do not sit on your Forex seat when you feel angry, tired or in a hurry. Because trading in Forex during this time period can only cause you to lose. People with mixed feelings are also more likely to make mistakes. For this reason, you will need to see if you are really feeling well before performing a procedure.
Attention to the 2nd Trade Opening Times!
Forex is one of the biggest games played with money. In order to trade on Forex, you need to examine the time frames we call 5 days 24 hours. The time periods when countries that have a say in the world economy open their markets will be the best times for you to make more transactions. The first Forex market in the world is opened by Australia. This market is followed by Japan, Germany, England and America. The most active times for you will be when the UK and American markets are opened. Definitely evaluate these time frames. UK markets open their markets at 10:00 in the morning. During these times, you can increase your transactions if you are available.
Overclocked Hours Affect Currencies!
You need to examine foreign markets correctly. Because some markets are opened due to geographical features, while some are closed. In other words, while a country will take new steps for Forex, some countries have completed the transactions and are about to close the trading. During these time periods, most of the investors are active and the number of people trading is high. Since the increase in currencies is observed most at this time, people should be careful in their transactions.
Anyone who knows how to develop a transaction against currencies where 50% of the rise is experienced will win in Forex. However, it should not be thought that the Forex market will definitely rise during these hours. Because, with a sudden change, a decrease in currencies may occur. Therefore, it is necessary to stay on track during these time frames.
Do not Be Surprised by the Market Tracking!
Forex is like a passionate lover. If you leave it alone for a while and you never call and ask, everything may have changed when you call again. Therefore, you will need to keep an eye on it and follow it. In order to find the right trading time for you, you need to follow the important signs where you are given tips and times when you will profit if you trade. When you do not follow the market, which is the problem of being with a spoiled lover like Forex, you will not find a suitable trading hour for yourself and you will waste hours you can earn. For this reason, even if you do not trade, do not stay away from the markets. Always be open to new ideas. Also, try not to heed the rumours that this time will fall in Forex, this will rise.
SEE MORE: Forex Technical Analysis 101