moonchild
VIP Contributor
Retail Forex Trading is inter continental and it happens all around the world, when the New York market closes the Hong Kong market opens up, that's why it's very important to know what's the best time to trade, market can be choppy and will range for a very long time especially when there's a switch of markets.
Your broker's account is either in New York, America. Sydney, Australia. Tokyo, Japan or London, United Kingdom.
And there are different timezones for each market, you just have to check in with your local time zone and mark it on the calendar.
The best time to trade Forex Market during the New York Market is 8am to 5pm
The best time to trade Forex Market during the London Market is 3am to 8am
The best time to trade Forex Market during the Sydney Market is 5pm to 12am
The best time to trade Forex Market during the Tokyo Market is 7pm to 4am
The reason why this is important to know is when a market is opened it comes with higher volatility and large volumes which may cause instability in the charts, but the given time is an assumed time when the chart is calm and you can make good trading decisions.
Your broker's account is either in New York, America. Sydney, Australia. Tokyo, Japan or London, United Kingdom.
And there are different timezones for each market, you just have to check in with your local time zone and mark it on the calendar.
The best time to trade Forex Market during the New York Market is 8am to 5pm
The best time to trade Forex Market during the London Market is 3am to 8am
The best time to trade Forex Market during the Sydney Market is 5pm to 12am
The best time to trade Forex Market during the Tokyo Market is 7pm to 4am
The reason why this is important to know is when a market is opened it comes with higher volatility and large volumes which may cause instability in the charts, but the given time is an assumed time when the chart is calm and you can make good trading decisions.