Trading Times

Although the forex market is open 24 hours per day there are certain times which are better to trade Forex than others.The best time to trade forex is when the markets for the main currency pairs are open. You should find a time when both markets on a certain currency pair is open at the same time (overlapping times).
The market will be much more volatile during these times. Trading EUR/USD when the American market is open but European market is close will lead to a very slow move and not much excitement.Look for a time when both markets on the currency pair is open. That will be your best time to trade Forex on that particular currency pair.
Currency
Market time (EST)
Current time
USD
8h00
- 16h00 EST
EUR
02h00
- 12h00 EST
GBP
03h00
- 11h00 EST
JPY
20h00
- 04h00 EST
AUD
19h00
- 03h00 EST

From above table you will note that between 8h00 and 12h00 EST is the best time to trade EUR/USD.

From 16h00 till 20h00 is the best time to trade USD/JPY


 
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