Forex market hours. When to trade and when not to?
Forex market is a round-the-clock trade venture which avails traders the opportunity to trade at any time of the day or night. Having knowledge of the right time to trade is one of the master arts of a successful Forex trader which barely gets the needed attention at first.
The contesting question is, when should one consider trading and why? A period when the market is most active and experiencing the biggest volume of trades is recognized as the best time to trade. As a result of abundant activities, there exists a good chance to get a lucrative trading opportunity and make profits. Slow markets present lesser opportunities and efforts put into such periods are usually futile, It is hereby advised that more energy, effort and time be invested during active market periods.
What about your Forex broker?
A trading platform is presented by your broker with a specific time frame (the time frame is usually dependent on the country where the broker operates). The time frame on your platform should be ignored while focusing on market hours as it is irrelevant in most cases. However, the universal clock (EST/EDT) or the Market Hours Monitor comes in useful in identifying trading sessions. If you are yet to choose a Forex broker, we recommend www.google.com to aid your search.