Trade at any time

Aug 3, 2018
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#1
Hi guys, this is my first post ever.

I think this question it's for the short term traders. I want to give you guys a context before I get into the question:

I have a poker background. In poker I developed a strategy in which I* only play against weaker competition (some people claims thats not real poker, but that's a different story). I get to a point I choose between different player pools(Euro players, US players, Asian players) and this is based on the hour of the day. This basically means that I'm always playing against weak competition.

I notice that there is a lot of correlation between poker and trading when it comes to strategy, psychology and money management. The only thing that I know so far is Forex. I did little research and I find a lot of negative things such as brokers trading against you, market manipulation and that it is pretty hard to predict price direction(I heard there are obvious trends and patterns in non Forex environments...it reminds me when I quit PokerStars to play at a softer poker site). Is like going on vacation on different city or country just to find out that you live on an expensive one.

I think what I trying to ask here if is there an specific time in the day to trade options, crypto, stocks or Forex. I can only speak for the last one, or that's what I will like to believe(there's alot of volume during the mornings, specially on Wednesdays and Thursdays).

I was listening to this guy podcast the other day, he say that he trade* crypto currency in the nights and that volume wasn't that bad. I thought that there was little to no volume during the nights, or maybe is my little world(again I only know about forex, but I will like to trade anything that moves).

I will like to know your thoughts on this one.
If this is a repetitive post, can you guys point me in the right direction.
I'll appreciate answers that are more than a single word or one line sentence.

Thanks,
Someone that will like trading seriously
 
Sep 15, 2018
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#2
Forex is a truly 24 hours market where a currency exchange trader can buy or sell currencies via internet enabled network. A trader can make investment and he or she can achieve liquidity as there are several market sessions or centers where a trader can take participate in trading from anywhere around the world. Along with; as a risk adverse and part term trader I favor short term trading investment horizon.
 

peto

Active member
Dec 12, 2002
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Lincoln
#3
Forex is a truly 24 hours market where a currency exchange trader can buy or sell currencies via internet enabled network. A trader can make investment and he or she can achieve liquidity as there are several market sessions or centers where a trader can take participate in trading from anywhere around the world. Along with; as a risk adverse and part term trader I favor short term trading investment horizon.
Which entirely fails to answer the question, which I thought was quite an interesting one.
 
Aug 17, 2018
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#4
When is the best time to trade depends on a lot of factors. It depends on your strategy, the currency pairs (or other instruments) that you trade, on the time zone you live in, on your personal preference, etc. Obviously, these factors and the answer to your question differ for different traders.
 

Xevield

New member
Nov 18, 2018
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#6
I would recommend you people to enter a trade at the close and opening positions of a day. Trade on the base of per day is a great option to choose. Weekly trading is also a preferable time. You need to enter the trades at the opening candles according to your timeframe. Thanks
 

FXX

Well-known member
Oct 12, 2017
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#10
The best time to trade forex is when there is primary economic data releases or major unscheduled news.
 
Aug 15, 2018
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#11
It seems that most active trading time is US trading session (9.30 AM - 16.00 PM EST). There are periods of activity at the open of each session, but they are short. As usual, most of the economic news and data released at 8.00 - 8.30 AM EST, during the European session just before the US session opening. As for me, this is the best time for trading.

At the same time, it all depends on your strategy. If you are swing or mid term trader, you can look for the periods with low volatility to be able to create your position safely.