If you are a Forex trader, it is important to have some sort of Forex trading schedule in place by sussing out when the best times to trade are. Even though Forex is a 24 hour trading platform, different countries trade at different times so there are different trading sessions throughout the day. Below is some advice as how it all works and when the best times to trade are. So when are the best times to trade forex?
Forex Trading sessions with different characteristics:
The various trading sessions have their own unique characteristics as they are driven by the economies that are active. For example, there will be higher volumes of currency being traded when a particular country is open for business.
Structuring of Trading Sessions:
Forex trading sessions are very dependent on your location in the world. There aren’t really any open trading sessions on the weekend and trading starts when the Sydney session opens at the beginning of the week and finishes when the New York session closes at the end of the week. Remember to keep in mind the time zone you are in so you are aware of all time differences.
Overview of the Trading Markets:
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