How To Find Best Time For Trading? ~ AM Trading Tips

Hello Trader

Today we discuss about " How To Find Best Time For Trading?"

The best trading hours are the times when volume and volatility levels are highest. High trading volume means that more lots of a particular currency pair are being bought and sold and high volatility means that the currency pair is moving fast and trending quickly. High volume and strong volatility cause large pip movements during the best trading hours. Moreover, the spreads become narrower during high volume trading hours, and narrow spreads mean lower transaction costs.

How To Best Time For Trading,what is the best time for trading

How To Find Best Time For Trading

Let us look at a table of the sessions once again, oriented around GMT

New York opens at 13:00 PM to 22:00 pm GMT

Sydney opens at 22:00 pm to 7:00 am GMT

Tokyo opens at 24:00 pm to 9:00 am GMT

London opens at 8:00 am to 17:00 pm GMT

Of the 4 sessions (London, NYC, Sydney, Tokyo), the best ones to trade are the London session and NYC session.

Best Time For Trading

1. When you see how time change session do not trade.Always trade on (2,3,4,10,11,12,15,16,22)

2. Most Best Time For Trading (9,10.11)

What hours should I avoid for best time trading?

The least active times to trade are the quiet zones of the Sydney and Tokyo Sessions, which is a combined 10 hour stretch of time 5:00 PM EST to 3:00 AM EST. Unless you are scalping during this session, hoping that your scalping system can take advantage of the lower liquidity, it is a good time to take a break and rest. The trading volume is very thin (relatively speaking) and few trends ever develop during this time. Most of the European traders have already gone to bed and the US traders have gone home to their families or have gone to bed themselves. If you are awake and have free time, it can be a good time to get prepared for the opening of the European session.

Best Days to Trade

The rule of thumb regarding days of the week is that the middle days (Tuesday, Wednesday, Thursday) receive the most action. So if you want to trade just three days a week, these would be the best days.

Days to be Cautious About

Monday – Monday represents less of a pip-range than the middle three days. It is still early week and traders are still waiting for the economic news and numbers to come out during the week.

Friday — this can be the day of reversals from the main trend. Be particularly on guard the second half of Friday, as the volume can drop way down, causing spreads to greatly increase.

Other days you should be cautious of:

Non-Farm Payrolls — This can be an extremely volatile time to trade, and subsequent whipsaw moves can damage many open positions with stops that trade at this time.

Major News Events — these could be the speeches of Fed chairman, acts of war or terrorism. These days can be so volatile that you can be whipsawed.

* Medium Impact News- Don't trade Before 20 Min & After 30 Min.
** High Impact News- Don't trade Before 25 Min & After 45 Min.

Holidays (especially major holidays like July 4, Thanksgiving and Christmas).

Best Months to Trade

Thee THREE worst months (Summer): June, July, and particularly, August.

The FOUR best months (Autumn): September, October, November, and December.

The FIVE good Months (Winter-Spring): January, February, March, April, and May

For More Update Join My Telegram Channel: https://t.me/ambina

About AM Trading Tips

Hello Trader, My name is Ankush. On the blog "AM Trading Tips" contains Indicators and Trading Systems for Forex and Binary options. With a variety of trading (Forex and Binary indicators,trading strategies for different trading styles,and also Expert Advisors) that can be absolutely free