Best Time for Trading - Best Time for Trading That Currencies Will Move More Pips
The market is open 24 hours a day, but it isn't necessary to trade currencies throughout the 24 hours neither is it more profitable. There are Best Time for Trading that currencies will move more because there is a lot of transactions volume and these market hours are the best to trade. So before looking at these Best Time for Trading & what makes them the best hours let us look at individual hours that when combined make the Best Time for Trading.
The 3 biggest economies in the world are
USA
Japan
UK
The Euro Zone though not a single economy, trade time is same as that of UK, so UK will represent the Euro Zone & the UK.
Asia Best Time for Trading
The Asian Best Time for Trading 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 and carrying out transactions.
London Best Time for Trading
This is the time when stocks markets in the London and Euro Zone are open for Trading. Big banks and financial centers in these capitals are also open & major volumes of currency trade transactions are carried out to settle global trade deals.
USA Best Time for Trading
America is the financial capital of the world, the USA Best Time for Trading move highest volumes in terms of currency trade transactions and International trade deals. This make the US market hours the best time to trade.
Best Time for Trading Overlap
What is Best Time for Trading Overlap? These are the hours when two financial centers are both open at the same time. For Example
- Asian and London Markets Best Time for Over-lap - 8:00 to 10:00 G.M.T.
- London & US Markets Hours Over-lap - 13:00 to 18:00 G.M.T.
These are the hours when most transaction volumes are carried out & total trade transactions that are placed are more than any other time in currency market.
Hence combining these two market sessions as a trader you want to open your trades within these best market hours.
Best Time for Trading
Asian(Partly) and London and US Overlap - 8:00 to 18:00 GMT
This gives traders total of 10 hours which are the most volatile. To ascertain this hours in your GMT time just add or subtract the GMT time of your country depending on your time zone from the above market hours.