Best Forex Trading Times

Best Forex Trading Times

Best Forex Trading Times and Times – The best time to trade on the Forex (Forex) market is when the spread is at its most active level when traded (the difference between the bid and ask prices). They tend to narrow. In this case, less money will be sent to market makers who facilitate currency trading, leaving more money for buying and selling investors in their personal pockets.

The best times and times to trade forex

When several exchanges are open at the same time, this increases not only trading volume, but also volatility (rate of change and rate of change in stock prices or currency prices), which also benefits forex traders. This may seem inconsistent. However, in Forex games, the higher the volatility, the more likely you are to get a prize.

Forex market times and times around the world
Before looking at the best Forex trading times, it is recommended to look at the following time conversions to understand the conversion time from EST to GMT +7.

Convert from EST to GMT+7.

Forex has 15 independent exchanges worldwide and is open Monday to Friday. Each has its own trading time. However, from a business perspective, the 4 hours or hours that matter most are: EST stands for Eastern Standard Time. WIB time is GMT +7 in Jakarta, Indonesia, 11 hours before or before EST time.

London: 3am to noon (noon)
New York: 8am-5pm
Singapore: 15:00 to 12:00 (midnight)
Tokyo: 7:00 pm to 4:00 am
In our GMT+7 time, the best times and times to trade forex are:

London: 2pm to 11pm
New York: 07:00-4:00
Singapore: 02:00 to 23:00
Tokyo: 6:00am to 3:00pm

Each exchange operates independently, but they all trade in the same currency. As a result, the opening of two exchanges will significantly increase the number of active traders buying and selling a particular currency. Supply and demand in one forex market immediately impacts the supply and demand of all other open exchanges, reducing market expansion and increasing volatility. Of course, this happens at a later time or time after EST.

The New York Stock Exchange and the London Stock Exchange are open from 8:00 to 12:00
New York and Singapore Stock Exchanges Open from 15:00 to 17:00
Tokyo Stock Exchange and Sydney Stock Exchange are open from 19:00 to 24:00
From 3:00 to 4:00 when the Tokyo Stock Exchange and London Stock Exchange are open
At GMT+7

7:00 to 23:00 when the New York Stock Exchange and the London Stock Exchange are open
New York and Singapore Stock Exchange Open from 2am to 6am
Tokyo Stock Exchange and Sydney Stock Exchange are open from 6am to 11pm
The Tokyo Stock Exchange and the London Stock Exchange are open from 14:00 to 15:00.
The most profitable trading hours are 8am to noon (7am to noon +7 GMT) when the New York and London stock exchanges are open. These two trading centers account for more than 50% of all forex trading. On the other hand, from 5pm to 6pm Eastern Standard Time (4am to 5am WIB or GMT+7), only the Singapore Stock Exchange will be open. The Singapore Stock Exchange accounts for less than 10% of the annual foreign exchange trading volume. .. However, there are exceptions. The current political or military crisis has the potential for high volatility and volume, making it a great time to trade.

The best time is not necessarily useful
Forex traders should be careful, as currency trading often involves high levels of leverage from 1000 to 1. While this ratio provides lucrative opportunities, it also carries the risk that the investor will lose the entire investment in one transaction. In fact, a 2014 survey by Citibank found that only 30% of retail forex traders experienced success or improvement. However, it is clear that 84% of those surveyed believe that they can make money in the forex market. Main point: New Forex investors need to open an account with a company that offers a demo platform. This allows investors to make fake transactions and calculate fake profits and losses until they are sure of the real deal.

Thus a description of the best times and times for forex trading, don’t forget to trade at the best times that I mentioned above. If it’s useful then I’m happy

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