Best Time to Trade GBPUSD - The Best Time 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 to Trade GBPUSD 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 GBPUSD & what makes them the best hours let us look at individual hours that when combined make the Best Time to Trade GBPUSD.
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 and the UK.
Asia Best Time to Trade GBPUSD
The Asian Best Time to Trade GBPUSD start from 1:00 to 9:00 GMT. Asia time session will take in to account the times when Asian stock markets are open, same time when major Asian Banks are open for trading and carrying out transactions.
UK Best Time to Trade GBPUSD
This is the time when stock markets in the London and Euro Zone are open for Trading. Big banks & financial centers in these capitals are also open and major volumes of currency trades are carried out to settle global trade deals.
US Best Time to Trade GBPUSD
US is the financial capital of the globe, the USA Best Time to Trade GBPUSD move the highest transaction volumes in terms of currency trades & International trade deals. This make the US market hours the best time to trade.
Best Time to Trade GBPUSD Overlap
What is Best Time to Trade GBPUSD Overlap? These are times when two financial centers are both open at the same time. For Examples
- Asian and UK Markets Best Time to Trade GBPUSD Over-lap - 8:00 to 10:00 G.M.T.
- London & USA Markets Hours Overlap - 13:00 to 18:00 G.M.T.
These are the hours when most transaction volumes are carried out & total trades that are placed are more than any other time in currency market.
Therefore combining these 2 market sessions as a trader you want to open your trades within these best market hours.
Best Time to Trade GBPUSD
Asian(Partly) & European and US Overlap - 8:00 to 18:00 GMT
This gives traders a total of 10 market hours that 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 market hours.
