I have been asked when is the best time to trade in the forex market. That is similar to asking when is the best time to exercise. Some people like to exercise in the morning and watch the sun rise, others like to go to the gym during the best meat market times and flex in the mirror. It comes down to preference and what you are trying to accomplish.
My preferred trading times are between 8am - 11am EST for scalping/intraday trading and around 5pm-8pm Eastern. The earlier times gives me the best volatility for the scalping and the later times gives me the quietest market to plan the longer term, multiple day trades (the price action from news is already shaken out).
This is just my view, what's yours?
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3 comments:
Best time for trading? Let me ask you this, have you tried swing trading on forex? If so, is that better than scalping? or scalping is better because of 100x leverage?
Nice
I enjoyed reading this article. This point is really important as every trader wants to know about it. Although there is no perfect answer to this question and it all depends on individual choice and opinion.
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