When is the best time to trade for beginners?

FXX

Experienced member
1,136 186
#2
The best quality opportunities are during during volatile times. If you think trading in less volatility will give you a greater chance of success, then I am sorry to tell you that it won't go well for you. Price is more erratic outise of times when econdata is being released.
 

Ovitany

Junior member
14 2
#3
I find that trading during Asian time is less volatile, and is suitable for beginners. But try to stay out of market when significant fundamental releases on JPY are. Usually then you can expect some increased volatility as well when FED has some late-evening announcements, but not so frequently
 
#4
The best decision will be to start trading during the US session after the news (most of them will be released from 8.00 AM till 9.00 AM EST). In such case, you will avoid the unexpected volatility but, at the same time, you will have the highest possible liquidity - just as the trader needs.
 
Likes: tracydavison

tracydavison

Junior member
12 1
#5
The best decision will be to start trading during the US session after the news (most of them will be released from 8.00 AM till 9.00 AM EST). In such case, you will avoid the unexpected volatility but, at the same time, you will have the highest possible liquidity - just as the trader needs.
cool. great advice! thanks for sharing
 

NVP

Legendary member
36,150 1,760
#6
the main times are all about where the global markets overlap and the currencies are firing off each other

asian - European - North America

due to my timezone i miss the asian session anyway ....i will then scalp the london open session (say 6-11am GMT)....then dependent on my performance i will get involved for the NY opens.....say 2pm onwards for a few hours .....NY open is officially 9.30am EST .........but i like to get involved a little earlier to pick up the early currency trending developments

they are the main liquidity and volatility times .........since the USD is by far the most traded currency in the world the NY session is the big one ........the overlap with european market really rocks

if you have a pair you like why not add a volume indicator anyway (well a tick indicator in essence) or an ATR and watch where these increase regularly ...........thats where the action is .....as volatility and volume increase .....which technically could be at any time if the market has an event .....but the times I mention are the expected times for such action

N
 
Likes: Sharky

Similar threads