These are the Best Hours That prices Will Move More Pips
There are Best Hours that prices will move more because there's a lot of transactions volume and these market hours are the best to trade. So before looking at these Best Hours and what makes them the best hours let us look at individual hours that when combined make the Best Hours.
The three biggest economies in the world are
US
Japan
UK
Euro-Zone though not a single economy, markets time is same as that of UK, so UK will represent EUR Zone & the UK.
Asia Best Hours
The Asian Best Hours begin from 1:00 to 9:00 GMT. Asia time session will take into account the times when Asian stocks markets are open, same time when major Asian Banks are open for trading & carrying out transactions.
UK Best Hours
This is the time when stocks markets in the London and EUR Zone are open for Trading. Big banks and financial centers in these capitals are also open and major volumes of xauusd trade transactions are carried out to settle global trade deals.
US Best Hours
US is the financial capital of the world, the USA Best Hours move the highest volumes in terms of trade transactions & International trade deals. This make the US market hours the best time to trade.
Best Hours Overlap
What's Best Hours Overlap? These are the times when 2 financial centers are both open at the same time. For Examples
- Asian & UK Markets Best Hours Over-lap - 8:00 to 10:00 G.M.T.
- UK & US Markets Hours Over-lap - 13:00 to 18:00 G.M.T.
These are the times when most transaction volumes are carried out and the total trade transactions that are placed are more than any other time in the market.
Therefore combining these two sessions as trader you want to place your trades within these best trading hours.
Best Hours
Asian(Partly) & UK & USA Overlap - 8:00 to 18:00 GMT
This gives traders total of 10 hours which are the most volatile. To determine this hours in your GMT local time just add or subtract the GMT time zone of your country depending on your time zone from the above gold trading hours.
