Saturday, October 14, 2006

Forex Timing

What time of the day is best to trade on the Forex markets?

Forex trading is truly an international and 24-hour market, however this is only because of the different opening and closing times of the national markets.

Caterina Christakos, a foreign exchange trader and entrepreneur says that the best time to trade the on the forex market is between 3am and 11am EST. The US dollar is involved in 89% of all forex transactions, so whenever the US market is open trading volumes will be higher than when it is closed. However, 3am - 11am (EST) is the busiest and therefore best time to trade due to the overlap of the London and New York sessions.


The most popular currencies traded on the Forex market, in descending order, are: United States Dollar, The Euro, Japanese Yen, British Pound Sterling, Swiss Franc and the Australian Dollar. As such when more of these markets are open the value of trades taking place is greater.

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