Best Times to Trade EURUSD - These are The Best Time to Trade EURUSD
The forex 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 Times to Trade EURUSD 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 the Best Time to Trade EURUSD & what makes them the best hours let us look at individual hours that when combined make the Best Time to Trade EURUSD.
The Three biggest economies in the world are
US
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 to Trade EURUSD
The Asia Best Time to Trade EURUSD start 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 Time to Trade EURUSD
This is the time when the stock 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.
US Best Time to Trade EURUSD
America is the financial capital of the globe, the US Best Time to Trade EURUSD move the highest transaction volumes in terms of currency trade transactions and International trade deals. This make the USA market hours the best time to trade.
Best Time to Trade EURUSD Overlap
What's Best Time to Trade EURUSD Overlap? These are the times when two financial centers are both open at the same time. For Examples
- Asian and UK Markets Best Time to Trade EURUSD Overlap - 8:00 to 10:00 GMT
- London & US Markets Hours Over-lap - 13:00 to 18:00 GMT
These are the hours when most transaction volumes are carried out and total trades that are placed are more than any other time in currency market.
Hence combining these 2 market sessions as a trader you want to open your trade transactions within these best market hours.
Best Time to Trade EURUSD
Asian(Partly) & European & USA Overlap - 8:00 to 18:00 GMT
This gives traders total of 10 trading market hours which are the most profitable. 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 fx market hours.
