The Best Time for Forex Trading that Suits for your Strategy
The best times for traders who use breakout or momentum strategy to enter the Forex Market is between 13:00 and 17:00 GMT when both European and U.S. traders are in the market.
The best time for range traders to trade is between 21:00 and 6:00 GMT which is when there tends to be little event risk and only Asian traders in the market.
In this special hours, traders can gain a valuable edge by simply trading only during the times of day that is conducive to the strategy used.
While for all common traders, please see table and convert the time for your strategy.
In above table, some analyst have analysed for years worth of hourly trading data for the major currency pairs and created a heat map based upon whether the range during a specific hour is above or below the average. Yellow represents below average, orange represents above average volatility during that hour and red represents the hour where volatility is the highest (times are in GMT).
Seen on table below, that Wednesday, Thursday, Friday, are the time when most crowded markets and busy.
| Pair | Mon | Tues | Wed | Thur | Fri | early Sat |
| EUR/USD | 69 | 109 | 142 | 136 | 145 | 144 |
| GBP/USD | 73 | 149 | 172 | 152 | 169 | 179 |
| USD/JPY | 41 | 65 | 82 | 91 | 124 | 98 |
| AUD/USD | 58 | 84 | 114 | 99 | 115 | 111 |
| NZD/USD | 28 | 81 | 98 | 87 | 100 | 96 |
| USD/CAD | 43 | 93 | 112 | 106 | 120 | 125 |
| USD/CHF | 55 | 84 | 119 | 107 | 104 | 116 |
| EUR/JPY | 19 | 133 | 178 | 159 | 223 | 192 |
| GBP/JPY | 100 | 169 | 213 | 179 | 270 | 232 |
| EUR/GBP | 35 | 74 | 81 | 79 | 75 | 91 |
| EUR/CHF | 35 | 55 | 55 | 64 | 87 | 76 |
When is the best time and hours for forex trading:
* The European session is the most busy and crowded time.
* When overlapping provide liquidity and high volatility, this is your chance to quickly reach the gain / profit in a short time.
* At mid-week (Wednesday, Thursday, Friday) where the price movement was at its highest value pips.
When is the time and the hours are not suitable for forex trading:
* For those of you with an aggressive type. Asian markets become less exciting because of the volatility and low liquidity.
* On Saturday, which would close the market (after the U.S. market during the session)
* The times where there is an important event the world (world cup soccer, etc.) can make the market became quiet, as traders switched attention.
* When you in sleepy, consider this so you are not blinded by continuous trading.
Good Luck. I wish You Luck with gaining more profit after knowing the time that best for your strategy.
* The European session is the most busy and crowded time.
* When overlapping provide liquidity and high volatility, this is your chance to quickly reach the gain / profit in a short time.
* At mid-week (Wednesday, Thursday, Friday) where the price movement was at its highest value pips.
When is the time and the hours are not suitable for forex trading:
* For those of you with an aggressive type. Asian markets become less exciting because of the volatility and low liquidity.
* On Saturday, which would close the market (after the U.S. market during the session)
* The times where there is an important event the world (world cup soccer, etc.) can make the market became quiet, as traders switched attention.
* When you in sleepy, consider this so you are not blinded by continuous trading.
| Market | Country/City | Portion |
| EROPA(36%) | UK/London | 31 % |
| Jerman | 5% | |
| AMERIKA(19%) | US/NewYork | 19% |
| ASIA(21%) | Tokyo | 8% |
| Singapura | 5% | |
| Hongkong | 4% | |
| Australia | 3% | |
| Lainnya(25%) | Negara Lainnya | 25% |
Good Luck. I wish You Luck with gaining more profit after knowing the time that best for your strategy.
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