Forex Trading Hours – London Still Dominates
When Is The Best Time To Trade The Forex Market? Does London Still Dominate Forex Trading Hours?
A few traders have asked the common question – which hours are the best to trade? Having stumbled upon this post on the New Economist blog and thinking about my own trading hours, does London sill dominate Forex trading hours?
Thinking about the way the Forex market follows the financial markets around the globe as they close in one time zone and open in the other London would appear to be the best hours to trade the Forex market.
Not only that but this is backed up by the figures showing the amount of trading activity pre London stock market open but is the market most central on the financial globe.
Take a look at the link to the New Economist blog and let me know what you think.
What hours of the day (or night!) do you find best for Forex trading?
To Your Success!
Annabel
Popularity: 36% [?]
Leave a Comment
If you would like to make a comment, please fill out the form below.
I go with the pivots so that can be anytime as we should not gamble on static ideas. Whatever comes in the news, it is a sure bet that it is not a sure bet on the perception.
Today (2/12/2010) it was an early morning thing, with all the news about Greece and the ECB and China, I posted the following on Twitter:
Wild Ride Ahead EUR/JPY target 124.26+ then reversing to 120.69- then going back to 139.21+ and THEN to 112.08-
That was not all meant to happen Today of course. But after going long from 121.69 in the face of a pullout from a massive selloff amid very bearish tones, I wanted to post that.
Probably 15 followers stopped following! That is unusual. The mood must have made that sound ludicrous. But it was like Card Counting in a Casino.
For the first time in 70 years there is some really good news about how it is done and you’ll find it doesn’t need any indicators and won’t cost you a penny or an email either. None of that.
Discovering the Key to Elliott Waves which the waves themselves generate has led to some startling discoveries. The New Elliott Wave Rule is just one. A Brand New book, “The New Elliott Wave Rule – Achieve Definitive Wave Counts” was just published and the best part is that for now the $95 value book is free here The New Elliott Wave Rule
Hi Fellow Trader
Thanks for your comment even though its a little too promotional. I know many traders use Elliott Wave to trade really successfully and think its of benefit to my readers to learn about it. Thanks for the reference to this style of trading – very useful and I know it can be a very profitable strategy.
Hope it continues to go well for you : )
Annabel
For me the best trading times are 12pm till 5pm (Dutch time zone) indeed the London time together with opening US and 12 am til 1 am (Last hour before US market closes, and 1st hour of japan opening).
While it has to be said that trading on the Forex market can see your account balance go down as well as up, there are a few automated forex trading systems and plug and play trading systems with good results in backtesting and live trading that are certain to not simply give you profits but, over time they can be expected to provide youreliable returns and even more
Hi…thanks for your comment. It makes sense that the most volatility happens when the largest number of institutions are trading at the same time. In that case then the overlap of the European session and the US should provide the most trading opportunities. Although having said that sometimes the quieter times such as the overlap of the US/Asian and Asian/UK give better results. I think it all depends on strategy, fundamentals and time each individual can set aside for trading. That’s what makes trading the Forex market so great!
Hey – thanks for your comment.
Whilst I appreciate there is a market for automated systems and these are becoming much more sophisticated, I personally don’t use them. The market changes quite a bit, so I would want to make my own calls as to when a trade is opened and closed. I don’t think I could rely on an automated sytem for triggers and trading positions. But I see why others would use them. I agree that there is demad for these products, so all I can say is good luck to those who develop the systems and those who use them too!
For me the best trading times are 12pm till 5pm (Dutch time zone) indeed the London time together with opening US and 12 am til 1 am (Last hour before US market closes, and 1st hour of japan opening).
Hey – thanks for the comment. It sounds like you do alot of trading and have found which times work for you which is great! It’s one of the things I really like about Forex – you can fit trading into your lifestyle, whenever you have time to trade.