The best time to trade Forex.

The advantage of working on Forex is that you create your own work schedule, because the Forex exchange operates around the clock, except weekends and holidays.

That is, trading begins early in the morning on Monday and ends late at night on Friday; you can trade both during normal working hours and late in the evening or early in the morning.

When is the best time to trade Forex - in the morning, afternoon or evening, or maybe at night?

At first glance, it seems that due to the availability of trading it is not difficult to choose, but this is only at first glance, you should not take trading seriously, it is your money and the possible prospect of increasing it.

In order to choose the right time for trading, the following points should be taken into account:

• Amount of time - to effectively open a transaction, you must first analyze the situation on the market, and this requires at least an hour.

You should not trade in a rush, launch the terminal during your lunch break and quickly open a deal. Before each new order, you should have time to think. Ideally, 2-4 hours will be allocated for trading with several breaks; in less time it is difficult to understand the market, and with longer monitoring of the terminal, fatigue occurs, which leads to errors.

• Free time - if you work at work, your opportunities are significantly reduced, you can only trade early in the morning or in the evening.

Without a permanent job, everything is much simpler. • Individual characteristics - determine the most productive time for yourself, this point is very important, because each person is individual.

Some people work more efficiently at 4 am, while others find it easier to complete any task late in the evening. I myself am a supporter of trading in the morning hours, there are quite a lot of advantages - no one will distract you, in the evening it is harder to work purely psychologically, in addition, we should not forget about the physiological characteristics of the brain.

But in order to get up early in the morning, you need to go to bed earlier, this is exactly what many candidate traders are unable to do, they cannot understand that without sacrifices it is simply not possible to achieve anything.

• Depending on the trading instrument - it has long been known that currency pairs show

volatility That is, if you want to conduct aggressive trading, trade in the time zone of the currencies that are included in the currency pair, that is, the dollar in the American trading session, and the euro in the European one.

scalping trading, on the contrary, it is better to choose quiet hours that occur during the absence of news on a particular currency.

From the above, we can conclude that in order to choose the best time for trading, you need to take into account quite a few aspects - trading instrument, availability of time, your own characteristics.

The session schedule, as well as other important aspects of Forex trading, can be found in the article “ Forex operating hours ”.