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, choosing is not difficult, but this is only at first glance, you should not take trading lightly, it is your money and a possible prospect of increasing it.

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

• Amount of time - to effectively open a deal, you should first analyze the market situation, and this requires at least an hour. You should not trade in rushes, launching the terminal during a lunch break and quickly opening a deal. Before each new order, you should have time to think.

Ideally, 2-4 hours are allocated for trading with several breaks, it is difficult to understand the market in less time, and with a longer monitoring of the terminal fatigue occurs, which leads to errors.

• Free time - if you work at work, your opportunities are significantly limited, you can trade only early in the morning or in the evening. If you do not have 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 effectively at 4 a.m., while others find it easier to complete any task late in the evening.

I personally advocate trading in the morning hours; there are many advantages: no one will distract you, and it's psychologically harder to work in the evening, plus you shouldn't forget about the physiological characteristics of the brain.

However, to get up early in the morning, you need to go to bed earlier, which is precisely what many would-be traders find difficult; they fail to understand that without sacrifice, it's simply impossible to achieve anything.

• Depending on the trading instrument - it has long been known that currency pairs show the greatest volatility during news releases.

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

For scalping , on the contrary, it is better to choose quiet hours, which occur when there is no news for a particular currency.

From the above, we can conclude that choosing the best trading time requires considering many factors, including the trading instrument, time availability, and personal preferences.

You can find the session schedule and other important aspects of Forex trading in the article " Forex Hours ."