If you’re looking to trade Forex you need to know when can you expect the best opportunities on the market. The Forex market is open 24 hours a day, but since you can’t watch the market everytime, it pays to know when you can usually find the most volatility. First you need to know if you want to day trade or swing trade Forex. If you’re looking to day trade Forex, you need to use an intraday chart (usually a 5 or 15 minutes chart) to watch the market. While the market is open 24 hours a day, it doesn’t offer opportunities during the entire day. The best Trading periods are:
1 - The European Session The European session (7am-5pm GMT) is a great session to trade most of the currency pairs. If you’re looking to trade the EURO, the GBP, the CHF or the USD, you can be successfully during the European session.
2 - The US Session The US Session (13 GMT- 21 GMT) is another good trading session especially for EUR/USD, GBP/USD, USD/CHF and USD/CAD. You can trade any currency pair successfully during this time session, especially between 13 GMT until 18 GMT.
3 - The Asian Session The Asian session is not as good as the European and the US sessions, but it’s a decent session to trade if you want to trade the JPY. If you’re looking to swing trade Forex, you can use daily charts. By using daily charts you can just check your chart during the rollover period (around 22 GMT, but depends from broker to broker) and take your decisions.
1 - The European Session The European session (7am-5pm GMT) is a great session to trade most of the currency pairs. If you’re looking to trade the EURO, the GBP, the CHF or the USD, you can be successfully during the European session.
2 - The US Session The US Session (13 GMT- 21 GMT) is another good trading session especially for EUR/USD, GBP/USD, USD/CHF and USD/CAD. You can trade any currency pair successfully during this time session, especially between 13 GMT until 18 GMT.
3 - The Asian Session The Asian session is not as good as the European and the US sessions, but it’s a decent session to trade if you want to trade the JPY. If you’re looking to swing trade Forex, you can use daily charts. By using daily charts you can just check your chart during the rollover period (around 22 GMT, but depends from broker to broker) and take your decisions.
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