THE BEST TRADING HOURS
Our experience of the different trading hours
https://www.youtube.com/watch?v=4kflluUtlyw
We have found that good trading hours are during the London session, which is when the volatility is high. By finding your setup correctly and then placing your trade in the morning, your trade will yield all profits made during these higher peak times of liquidity.
Understand the best trading sessions for your schedule
This will help you understand the emotion and thought process that you will need to obtain to stay relaxed, enjoy trading and most importantly make some pips throughout your trading sessions.
The market moves in different directions throughout the different time zones/trade sessions
We have seen many traders get caught up in the emotions whilst holding a trade position throughout the day and get frustrated about the changes in directions as they follow the charts for hours on end.
It’s important to understand that the market will move in different directions as we go through the different time zones of the trading day.
This is because of the business hours of trading operations around the world and the different levels of buying and selling pressure.
As the market moves in different directions, this can throw many traders into a downwards spiral due to the lack of patience when sitting in a small loss or breakeven for a short while.
Trade sessions combined with areas of manipulation
It is important to look at the prior structure of a chart and access at a point in which there is likely to be manipulation. This will occur around levels where most traders are setting their stop losses. As the trade sessions open and close, be aware of retracements and pullbacks that could affect any of your open positions.
Stick to your long-term bias and let the market play out
When you have defined your correct trading bias within the market and in your trade, you will need to adapt your skills to be patient. Know when to sit on your hands while waiting for the profits to come in.
Forex trading hours conclusion
There are several essential tips you should bear in mind before trading in different Forex trading hours. Firstly, you should remember that liquidity will either be high or low depending on the time you are trading; and secondly, remember to be vigilant about the amount of overlap in that session.
Share:
Share on facebook
Share on whatsapp
Share on twitter