How to Trade Gold: Strategies and Tips for
The easiest way to visualize how these Forex market sessions operate is to imagine the earth relative to the sun. Wherever the sun is shining, the Forex market is open. This is of course a simplified way of thinking about it, but it does help to visualize the Forex hours in this way. As you can see from the chart above, there are several market sessions which overlap.
This is when liquidity is at its highest as many Forex market participants prefer trading during this time.
Where to Trade Gold
One of the most common questions among Forex traders is, when is the best time to trade? For example, if you spot a bullish pin bar on the daily time frame, you would simply set your pending order and let the market decide what becomes of it. See my lesson on the best time frame for trading Forex for more information.
Like most things, there are advantages and disadvantages to the Forex market being a hour market. I will note, however, that the disadvantages typically reign true with those just starting out.
The Best Time of the Day to Trade Forex
In fact, I feel confident in saying that the disadvantages below are what make the Forex market one of the more challenging markets to conquer as a beginning trader. Instead of trading for a few hours each day, you may find yourself waking up early or staying up late just to place trades. This is one of the more destructive habits of new traders and is enabled by the fact that the Forex market never closes.
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The good news is that these disadvantages are easily cured by a well-structured Forex trading course , discipline and no small amount of practice. I hope this lesson has shed some light on the subject of Forex market hours as well as the various market sessions that make up a 24 hour period. Believe it or not, the Forex currency market never closes.
Interested in Cryptos? Join My. Free Crypto Newsletter! Forex Market Hours and Sessions in Knowing Forex market hours is essential for a new trader. However, just because you can trade the market any time of the day or night doesn't necessarily mean that you should. Most successful day traders understand that more trades are successful if conducted when market activity is high and that it is best to avoid times when trading is light.
Forex Market Hours CST (Page 1)
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About The Forex Time Zone Converter The foreign exchange "forex" or "FX" currency market is not traded on a regulated exchange like stocks and commodities.