Thread: Forex trading - best time

In my opinion there is no such a thing as the ideal time to exchange, it depends upon the markets you trade (I exchange on markets all around the planet, with different trading hours), depends on the trype of assets you exchange on, is based on the day and date you exchange on and depends upon a lot of other things thats going on around us.
Also, how do you define the ideal time to trade? By rankings? high volatility?

Originally Posted by ;

In my estimation there is not any such a thing as the best time to exchange, it is contingent on the markets you trade on (I trade on markets all over the planet, with different trading hours), is contingent on the trype of assets you exchange on, depends on the day and date you exchange on and depends on a lot of other things thats happening about us. Also, how do you specify the best time to trade? By rankings? high volatility?

That is my opinion exactly - what is the best time to trade on depends on the person and so is highly subjective depending on a multiple factor related to their trading approach. An individual has to decide.

The very best time to exchange is when you receive the best setup. That can occur during any given session. With that said, a lot depends on the egy you use. If you are a scalper, the ideal time is usually when markets are slow so Asian semester. If you are an intraday trader, you should check at London/NY session. For long term egies doesnt really matter when you exchange.

My overall opinion is the higher leverage you utilize, the slowest session you exchange. You dont want to enter a trade using a 1:20 leverage through London/NY overlap just to loose 10 percent of this account in a matter of moments...

A massive positive position in forex trading is the capability to trade for twenty four hours daily consistently. In any case, the trading day contains of different trading sessions: the European semester, American session along with also the Asian session -- otherwise called the London, New York and Tokyo or Sydney sessions. This is about the grounds that there's no single exchange from the forex showcase and distinctive countries trade at different conditions.

Originally Posted by ;

A huge positive position in forex trading is the capacity to exchange for twenty five hours daily consistently. In any case, the trading day contains of distinct trading sessions: the European session, American session along with the Asian session -- otherwise called the London, New York and Tokyo or Sydney sessions. This is on the grounds that there's not any single exchange in the forex display and distinguishing countries trade at various circumstances.

Which one of those sessions would you prefer for your trading?

Originally Posted by ;

quote It's not just difficult it's harmful to their accounts. The market's reaction to the news can be quite unpredictable and only a seasoned trader would have the ability to respond quickly and efficiently to such reactions.

Agree. Only the traders who are particularly professional in Forex they could be successfully during news. It's really difficult to predict something that time. So the newcomers always have to avoid news trading for preventing additional risk.

Common sense would indie trading when the banks to get either currency of this pair are available.

https://www.nigeriaforextrading.com/...1214725089.ex4

Originally Posted by ;

quote Agree. Only the traders that are especially professional in Forex they could be successfully during news. It is really difficult to forecast something that time. Therefore the newcomers always have to avoid news trading for preventing extra risk.

I do not really consider myself a newcomer, but I too still avoid trading during large news events. I would rather be safe than sorry.

Originally Posted by ;

quote I don't really consider myself a newcomer, but I also still prevent trading during big news events. I'd rather be safe than sorry.

Great choice, almost I adhere to the same approach on top voltage news periods; but sometimes I use few opportunities with all the half trading lots size.

Originally Posted by ;

quote Great decision, nearly I also follow the same egy on top voltage news sessions; however occasionally I use few opportunities with all the half trading lots size.

Which news events do you use most frequently?