Best software for trading

of day, as traders from the two largest financial centers (London and New York) begin duking it out.t is during this period where we can see some big moves, especially when

news reports from the U.S. and Canada are released. The markets can also be hit by “late” news coming out of Europe.f any trends were established during the European session, we could see the trend continue, as U.S. traders decide to ju

You should watch out though, at the end of this session, as some European traders may be closing their positions, which could lead to some choppy moves right before lunch time in the

So now we know that the London session is the busiest out of all the other sessions, but there are also certain days in the week where all the markets tend to show mKnow the best days of the week to trade forex.
Below is a chart of average pip range for the major pairs for each day of the

As you can see from the chart above, it would probably be best to trade during the middle of the week, since this is when the most action happens.
Fridays are usually busy until 12:00 pm EST and then the market pretty much drops dead until it closes at 5:00 pm EST. This means we only work half-days on Fridays.

The weekend always starts early! Yippee!

So based on all these, we’ve learned when the busiest and best days of the week to trade forex are. The busiest times are the best times to trade because they give you a higher chance of success.

Unless you’re Edward Cullen, who does not sleep, there is no way you can trade all sessions. Even if you could, why would you? While the forex market is open 24 hours daily, it doesn’t mean that action happens all the time!

You need sleep to recharge and have energy so that you can do even the most mundane tasks like mowing the lawn, talking to your spouse, taking the dog for a walk, or organizing your stamp collect

you plan on becoming a hotshot trader.ach trader should learn when to trade.Actually, scratch that.ach trader should know when to trade and when NOT to trad

times you should trade and the times when you should sit out and just play some Plants vs. Zombies can help save you a pound of moolah (pun intended).
Here’s a quick cheat sheet of the best and worst

When two sessions are overlapping of course! These are also the times where major news events come out to potentially spark some volatility and directional movements. Make sure you bookmark the Market Hours cheat sheet to take note of the Opening and Closing times.

The European session tends to be the busiest out of the throf the week typically shows the most movement, as the pip range widens for most of the major currency pairs.
Worst Times to Trad

Sundays – everyone is sleeping or enjoying their weeken – liquidity dies down during the latter part of the U.S. sesays – everybody is taking a breajor news events –

Can’t seem to trade during the optimal sessions? Don’t fret. You can always be a swing or position trader. We’ll get back to that later. Meanwhile, let’s move on to how you actually make money in Forex. Excited? You should be!

lacing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading