Now we all know that London is the most exciting release in comparison with all the other sessions, but there are certain days of the week that the market tends to be more variable.
Below is a statistical average amplitude pips per day during the week of the major exchange rates:
time forex trading best of the week, general sessions Europe Fine, time management, time worst deals in forex trading with forex
As you can see on the table, perhaps the best time to trade is the middle of the week, as this is when there are multiple trading activities to occur.
On Fridays, the market usually busy until 24:00 (Time VN) and then decreases until it closed at 5:00 (Time VN) of the day Saturday. This means that we only work half a day actually Friday.
Based on these factors, we know when market activity busiest. Time active market is the best time to trade because it gives you a higher chance of success.
Manage time wisely
Unless you're Edward Cullen - who does not sleep, there's no way for you to trade all sessions. Even if you can, then why not. In the forex market open 24 hours every day, does not mean that the trading activity taking place throughout the day exciting.
Moreover, sleep is an essential part of a healthy lifestyle.
You need sleep to relax and have the energy to do other things like mowing the lawn, watering plants, walking the dog, chatting with family members ... You need a break if you intend to become a successful transaction.
Every trader should know when to trade.
In fact, every trader must know when it should and should not participate in the market. Knowing the best time that you should time your transaction and should sit outside to relax can help you save a lot of time and health.
Here are a few notes transaction time best and worst:
Time best deals:
Of course, the two versions have the identical time. This is when big news events have the potential to cause significant volatility and tends to fluctuate. Make sure you know the opening time and closing of the forex trading day.
European versions tend to be the most exciting session. Mid-week (Tuesday, Wednesday, Thursday) often shows the most when oscillation amplitude pip most expansion in the exchange rates.
The worst time transactions:
The Sunday (Monday morning hourly VN) - people are still sleeping and enjoying the holiday weekend.
Fridays - low liquidity in the second half of the American version.
The holidays - everyone is resting, the banks should work to close the transaction no.
The important news events - the time pressure.
You can not trade in the most optimized version? Do not worry. You can always be a long-term transactions. This issue will be discussed later. So let's continue to see how you really make money in forex. Are you excited you? Maybe then.
