Active forex hours – Free Forex trading course for beginners – Part 7
Forex market is so busy all the days and as we mentioned before it’s one of the largest financial markets in the world. Brokers always buy and sell currency pairs day and night, but there are rush hours where the forex market reaches its top signals.
Traders usually can be categorized into two categories the day traders and the end of day traders. The day traders do all the trading from the morning to 3:00 P.M. where the ends of the day traders do all the trading from 5:00 P.M. to midnight. The difference among the day traders and the end of the day traders that the first category traders makes the sell and buy decision and do it in the same time where the second category traders makes the sell and buy decision for the next morning because the market is usually not active at night.
If you decided to be a day trader then you should know the best day forex trading hours for the major currency pairs which are:-
- USD/CAD from 8:00 AM to 3:00 P.M..
- USD/JPY or AUD/USD from 12 Midnight to 3:00 P.M..
- EUR/USD, GBP/USD or USD/CHF from 3:00 AM to 3:00 P.M..
If you decided to be an end day trader then the best time for trading for all pairs between 5:00 P.M. to midnight. Also you should know that all the previous times for EST.
My advice to you to focus on the day trading at first because you can monitor and see the result at the same time and you don’t need to wait until the next morning. In the next post in this course we will focus on the price quotes so be ready to learn more.
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Forex trading hours viz a viz currency pairs is a fantastic input.
Thanks for the same
Regards,
Ashok
Must echo Ashok, Fantastic!!
Thanks for the insight!