The London is considered the major dealing centre for Forex trading. Trading just at the end of the Asian trading session and the open of the European session is a very good time as volatility is high. However, if the market is waiting for economic or political news, then it can be a good idea to wait for the New York trading session to begin.
As a Forex trader, you need to have a clear idea of the day’s news well before you open your charts or broker account. It’s important to set aside some time each day to prepare for the following day’s trading. Refer to your trading strategy as this should contain the market conditions you want to trade or want to avoid.
Having days where you don’t trade, or market conditions which you don’t like are both valueable additions to your Forex trading strategy.