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All you need to know about Forex Timing.

Why it is important to do timing in Forex trading?

Forex market operates 24 hours a day, so it is nearly impossible for a single trader o track every market movement and respond immediately at all times.You have to know the time of a day a currency pairs has the highest or narrowest trading.Volatility will help the investor to improve their investment due to better capital improvement.

When a maximum volatility occur?

When there is overlap in a market. e.g Japan/ London and London/ New York sessions. There is always an amount of volatility that accompanies that such period.Every morning during London open session, Euro pairs are active and if you have good strategy you could get 20 to 30 pips.

News release

During news release, volatility is experienced. You can get up to 100 pips.Non farm payroll news is the most volatile news release that could give you 100 pips in second, however trading news release is risky

Central Bank Governors speech

Speech from Bank Governors may give you 100 pips per second but you should get the news before the others.

The best time to trade Forex.

The best time to trade is Wednesday and Tuesday.This is due to the research data available.The research says in those days there is the biggest movement in the four major currency pairs (EURO/USD, GBP/USD, USD/JPY, USD/CHF). Friday is the good day but only until 12:00 pm and during the second half of the day the movement can be very unpredictable.

When not to trade forex

  • Friday afternoon and weekend
  • Trading session closing time
  • Important news events
  • Banks holidays
  • End of December
  • Prime time TV events
  • Asian sessions
  • When angry or frustrated
  • Overnight

 

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