Best Times
to Trade
by ForexTechniques.com
EUR/USD
During the Tokyo session, the Euro only trades 15% of all
volume so it is best to start watching the Euro late in
the Tokyo session.It trades 39% of all forex volume during
the London session. It can also be traded during the New
York session.
GBP/USD
The pound trades extremely lightly during the Tokyo session.
Start watching it near the end of the Tokyo session as it
can start moving then. In the London session ,GBP/USD accounts
for approximately 23% of all forex trading volume. The pound
can be traded in the New York session also.
USD/JPY
During the Tokyo session,USD/JPY accounts for approximately
78% of all forex volume. This drops to about 17% during
the London session.
Throughout 2005, we have noticed good daytrading setups
during the Tokyo, London and New York sessions. Anyone with
deep pockets could start setting the market direction. Therefore
trade our setups whenever they appear. Good moves can even
start when price is moving sideways.
The Tokyo session opens at 0.00 GMT or 7 PM EST and closes
at 9.00GMT or 4 AM EST. The first hour after opening provides
the best liquidity of the day.
The London session is the largest market and opens at 8.00GMT
or 3AM EST and closes at 17.00 GMT or 12 PM EST. Trading
is best between 7.00GMT and 10AM GMT.
The New York session opens at 13.00 GMT or 8 AM EST and
closes at 22.00GMT or 5 PM EST. The best trades occur in
the first 3 hours.
News Releases / Economic Data Releases
2350 GMT Japan Fundamentals
0745 GMT Eurozone Fundamentals
1330 GMT USA Economic Figures
During Summer Time these news release times are 1 hour
earlier.
Brought to you by ForexTechniques.com, the creators
of the "Guide To Profitable Forex Day Trading."
Finally, forex day trading methods that find good trades
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