Best time to trade Forex

The London Session
The London session starts around 8:00 GMT and winds down around 1600 GMT. The currencies that are the most active during these hours are EUR, GBP, and USD.

The US Session
The US session starts around 1300 GMT and winds down around 22:00 GMT. The currencies that are the most active during these hours are AUD, EUR, GBP, JPY, and USD.

The Asian Session
The Asian session is a reasonable quiet session on most days. All pairs are pretty slow moving and it is not a good time to day trade. The only real currency that has noteworthy activity is the JPY and the activity is slow unless a major financial event happens.

There are a number of "best times to trade", and they typically appear when a part of the world is opening or closing their "trading day". The absolute best times are when European markets are opening and closing, and when the US markets are opening, and the Asian/Australian sessions are closing... but any open/close is generally a good time to trade. If there isn't any market activity, who would you be trading against or with?
You will most likely be trading with a serious handicap, mostly against somebody with more money than you, and they can manipulate the market, and you, and we certainly don't want that.

Be careful. It's easy to fall into Fantasy-Land and think that anytime you want to trade, you can gain pips. It doesn't work that way. If the market is not active and liquid, no matter what time of the day it is, or whether a market is opening or closing, you cannot just "manufacture pips". There is no such thing as "How many pips per day can I make?". The market has to be active, and it has to be a sane market. Take what the market offers you. Get out quick if you think its going against you, and try again another day.

Posted in: TIPS