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Forex Trading Times Gmt – The Best Time of Day to Trade Forex

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Forex Trading Times Gmt

The forex market operates in all times zones of the world. It is a 24hr market that operates five days a week. Though there is a measure of activity at almost any time that falls in the waking hours of any country in the world. Most profit is made when the market is most active. It is therefore important that you know the best time to trade so as to maximize your chances of making a profit.

The following are the time zones of the major forex markets (GMT).
Sydney: 10pm-7am, New York: 1pm-10pm, London: 8am-5pm, Tokyo: 12am-9am
The Australian market wakes up first followed by Asia, Europe then America.

The forex market has 3 major sessions per day; the London that trades EUR, GBP, and USD; the US that trades AUD, EUR, GBP, JPY, and USD and; the Asian that has the JPY as the major currency. Forex Trading Times Gmt

The greatest volume of currency trade takes place in the London closely followed by the US market. The most active trading hours world-wide are the three hours 1pm-4pm GMT when these two markets overlap. These are the key day trading hours when most traders are in the market. It is the most liquid point of the market. Most of the profitable trading opportunities occur in this period. This is the best time to trade. Trade within these three hours, and you stand the chance of making the most of your forex trading. News that affects currencies is also released during this period.

The days of the week also have their effect on trading. Tuesdays and Wednesdays have proven to be the best days for trading. Avoid trading on Fridays, Sundays and holidays. Friday’s unpredictability makes it a poor day for trading whilst there is little currency movement during holidays. Forex Trading Times Gmt

General Forex

Forex Trading – Finding The Best Time To Trade

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Trading in the worlds largest and the most liquid financial market is one of the best ways to earn money. Here, if you know how, when, and what to trade, you can be sure that you can earn huge amounts of profit. It is a fact that a lot of people who traded in this financial market became successful and became very rich almost overnight.

As a trader, you would want to grab the opportunity to earn lots of money and of course, start a trading career in Forex. The Forex market, as mentioned before, is the largest and the most liquid financial market in the world. Unlike the stock market and other financial market, Forex has no centralized location as it operates 24 hours a day at different locations around the world. Trades in this financial market are done through an electronic network.

In the past, because of the high financial requirements, Forex was only limited to large multinational corporations and financial institutions, such as banks. However, because of the advancement of the communications technology and also the existence of high speed internet, Forex in the late 90s is now available for everyone who is interested in trading in the Forex market.

Forex trading, for a beginner trader, is simply the buying and selling of different currencies of the world. This may seem simple enough for everyone, but you should also consider that a lot of inexperienced traders and some experienced traders have suffered huge financial losses in Forex.

You should always keep in mind that aside from the fact that Forex can give you a great money-making potential, Forex also has equal risks. Therefore, before you enter this market and trade, you should first consider a few things in order for you be successful in this money making venture.

First of all, you have to know how to trade currencies. In Forex trading, all you need is a personal computer with an active internet connection, a funded Forex account and a Forex trading system. There are numerous websites that offer Forex trading. In order to start trading, you have to open and fund an account first with your chosen website. After that, you can now start trading in the most liquid market in the world.

You need to have a fast internet connection in order to keep up with the updates and price movements and prevent slippages from happening. Another thing you have to consider is that as much as possible, you should register in a Forex website that offer dummy accounts so that you can practice your skills and strategies in Forex trading.

Now that you know how to trade in the Forex market, the next thing you need to know is what to trade. The Forex market involved different currencies from all over the world. It is also traded in forms of currency pairs. Here are the different currency pairs that you should consider trading in the Forex market: