What are the best hours to Trade Forex?

Since the Forex market is open 24 hours a day, a trader can’t track every single market movement. It’s important as a trader to know when you can expect high instability so that you can implement strategies.

Asia Period (7PM - 4AM EST) – During this period, you can successfully day trade especially if you trade the Japanese Yen. USD/JPY is a good choice if you plan to trade on this session. This period is not as unstable as the US or the European periods, but it’s possible to trade it and achieve a good performance.

European Period (2AM – 12PM EST) – This is a great period to trade Forex. Most of the large banks are located in London, so the majority of major Forex transactions are completed during this session. During this period you can implement a successful strategy on any currency pair.

U.S. Period (8AM – 5PM EST) – This is another great period to implement your Forex strategies. Instability is high and you can expect good volatility on any currency pair.

Putting it togeather...

Between 8AM and 12PM EST we have the U.S. and the European sessions at the same time. This is the best time of the day to trade Forex. Instability is good in all currency pairs. Some of the most important economic releases occur during this period, and this brings good opportunities to Forex traders on most days.

Related: Forex Trading