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WHAT ARE THE BEST TIMES AND DAYS TO TRADE FOREX

Not all times of day are equally favorable for forex trading. When the market is most active, that is the best time to trade. Want to know the best time and days to trade forex, Check with the above presentation.

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WHAT ARE THE BEST TIMES AND DAYS TO TRADE FOREX

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  1. WHAT ARE THE BEST TIMES AND DAYS TO TRADE FOREX?

  2. Introduction • Many new forex traders rush into the market. They monitor various economic calendars and trade aggressively on every data release, seeing the 24-hour, five-day-a-week forex trading as a handy way to trade all day. • This strategy not only quickly exhausts a trader's deposits, but can also affect even the most tenacious trader. Unlike Stock Market, which functions during regular business hours, the forex market runs during the normal business hours of four different locations around the world and their relevant time zones, which means trading occurs at all hours throughout the day and night. • So, what is the option available to stay awake all night? If traders can learn about market hours and set realistic goals, they will have a significantly greater chance of earning money on a realistic schedule.

  3. Forex Markets around the globe • New York Because the US dollar is engaged in 90% of all trades, New York (open 8 a.m. to 5 p.m.) is the world's second-biggest foreign currency platform, watched closely by forex traders and forex brokers. • Tokyo Tokyo, Japan (open 7 p.m. to 4 a.m.) was the first Asian trading center to open and now dominates the majority of Asian trade, edging only Hong Kong and Singapore. here  USD/JPY is a popular currency pair that considers a lot of action.

  4. Forex Markets around the globe • Sydney The day trading officially begins in Sydney, Australia (open from 5 p.m. to 2 a.m.). Despite being the smallest of the mega-markets, it sees a great deal of early action when the exchanges reopen on Sunday evening because individual forex traders and investment firms are trying to reunite after the long gap that actually started on Friday afternoon. • London London, United Kingdom (open from 3 a.m. to noon): The United Kingdom (U.K.) continues to dominate global currency markets, with London as its central focus. According to a BIS report, London, the world's largest central trading capital, represents approximately 43% of foreign markets.

  5. The Best Times to Trade Forex • Forex trading is clearly different due to its trading hours. The week begins on Sunday at 5 p.m. EST and wraps up on Friday at 5 p.m. • Not all times of day are equally favorable for forex trading. When the market is most active, that is the best time to trade. When more than one of the four markets is open at the same time, the foreign exchange trading becomes more intense, resulting in greater volatility in currency pairs. • When creating a trading schedule, it is critical to make the most of market overlaps and pay close attention to news releases. And aware that opportunities are not lost if they take their eyes away from the markets.Set goals, Have faith, and keep trading - Your time will come, Good Luck.

  6. Contact Details • Website: https://fidomarkets.com/ • Contact number: +44-7418362858 • Mail-id: info@fidomarkets.com

  7. Thank You

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