Forex Trading -Learn and trade with me

The online forex trading market is open 24 hrs a day starting at 2 PM EST on Sunday till 5 PM on Friday. How is this? This is because Forex trading market is inter-country market and is traded across multiple countries. However the most prominent are - UK, USA, Japan, Australia and France.

So as you see, in the morning the US market is trading it. As soon as the USA session is about to get over, the asian market takes over and in middle of the Asian market, British market gets up and running.

So here comes the biggest question - What is the best time to do online forex trading?

The answer is - When the liquidity is very high. Which happens when number of people doing online forex trading are very high. Which in forex trading happens when there is overlap of multiple markets.

So ladies and gentleman - The best time to do online forex is between -
a. 2 AM to 6 AM is the best time when UK and Asian sessions are overlapping and the liquidity is highest.
b. 8 AM to 12 AM is next best time when USA and UK sessions are overlapping.

In terms of days generally Monday to Thursdays are good. Fridays and Sundays, not much action since Froex trading market is either about to close down or has just started.


Now let me tell you one of My Trading Rules -
1. I trade anywhere between 2 AM to 12 PM. Never outside that.
2. I never ever trade on Sundays even if the trends look the strongest since the market direction is mostly unpredictable at this time.

Now next question is which currencies to trade and why? Also, how is an online Forex trade made?

All this and more tomorrow..:-)

This concludes another session to learn online forex trading and forex trading systems.