To know the best time to forex trading Australia is very crucial thing to effective and efficient forex trading in Australia. In Australia during the trading week forex market is open 24 hours in a day. Market is open 24 hours in a day it does not mean prices are always moving in a way that makes a particular market worth trading. Money is made from the Forex market when the market is volatile and moving, but not when the market is calm and relatively quiet. If you are a forex trader then you needs to know what is the most active time for forex trading in the market. London session and the New York session are the two most active sessions; during these two sessions price action provide the environment that is best for trading. One more trading session is Asian trading session. Asian trading session is less volatile and thus less likely to result in major moves within the various Forex pairs.
Three Distinct trading sessions contains in the forex market. Firstly trading start in Australia and Asia, and then moves around the globe into Europe and anding the day in a New York. Various forex trading hours are follows:-
Asian Trading Session means Australia and New Zealand opens at 6:00 pm EST and closes at 4:00 am EST.
According to London Trading session it opens at 3:00 am EST and closes at 12:00 pm EST.
According to New York Trading session the New York trading session open at 8:00 am EST and closes at 5:00pm EST.
After this now let us look at the principles that can make your strategy successful.
The first thing you should keep in your mind that your strategy should be simple. You do not need to read or listen to other trader opinions. A simple strategy will be helpful for you and there is no need to make your strategy very complicated or complex. With a few weeks of study you can make your strategy that can make money for you. Forex trading in forex trading Australia is simple process and you do not need to make your strategy complex or complicated. Best of luck to all traders who are going to trade in forex market.