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    Thread: What are the best and worst times to trade?

    1. #1
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      Default What are the best and worst times to trade?

      Our performance during forex trading often depends on timing. A trade made in the nick of time can make a huge difference between profitable trade and losing trade. What are the best and worst times to trade?
      POSSIBILITIES ARE INFINITE IN THE FOREX MARKET, YOU CAN ACCOMPLISH ANYTHING !


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      Default

      the forex market is open 24/7, meaning that one could trade at anytime, whether day or night. however, from experience, there are certain times that the forex trader would do better to stay away from trading the markets. such periods are considered as the bad periods by forex traders. such periods include Mondays, Fridays, and month-ends. most times, the markets are directionless, with low volatility and therefore difficult to trade profitably. it is best not to trade on such days. also, a trader may not trade on some high-impact news days as volatility becomes crazily violent.

      there are some good days, too, when most forex traders make good profits as the market direction could be easily discovered. such days include Tuesdays, Wednesdays and Fridays.

      All in all, making profits from the forex trading market is not very easy. one must work hard to attain such success.
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    6. #3
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      Default

      What are the best and worst times to trade?
      Good question. Hope my answer will solve this question.We all know that Forex market is opened for 24/5 that means 24 hours for 5 days. Saturday and Sunday are the market closed date. So, it's really need to know the best and worst times to trade. I don't want to explain it broadly. Hope my points will clear everything.

      Worst times to trade
      1. Immediately before or after any high impact news has been published.
      2. The first day and the last day of the week. Monday is the first day while Friday is the last day of the week.
      3. When you are not in the right mental state.

      Best times to trade
      1. The European-North American overlap: Time period is 8 AM to 11 AM.
      2. The Asian-European Overlap: Time period is 12 AM to 3:00 AM.
      3. The Australian-Asian Overlap: Time period is 9 PM to 12 AM.

      If you have any problem to understand any points then please ask me again. Hope it will be cleared to everyone.
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    8. #4
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      I don't believe there is anything like a best answer worse time to trade in this forex business, there are factors that will make you enter a trade which is peculiar to each person, the worse time however is different to people and difficult to generalize based on the strategy that traders are using, but never trade after you have lost a huge amount of money from your account balance, the next transaction would be motivated by greed and revenge psychology which might end up being the worse decision you would have made after the first flop. The best time is when there is a good system you are applying that gives a signal you are sure about being the you have been anticipating it for a while.


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