Forex market has great advantages over other markets and the biggest one is its 24 hours operation. It is open 24 hours over a week with the exception of weekends. The other markets operate during the normal business hours but the Forex market is open throughout the day and night. You are free to invest and perform trade at any point of time you like. Those who are busy in the office hours can do the trade in the night, those who want to do it early in the morning can do it as they like. You can do foreign trading whenever you have time to log in to XFR Financial Ltd. Though Forex market operates 24 hours but it is important to know about the actual operating hours of the different region’s market and when is the best time to place a trade on the market.
What are the actual operating hours?
Each financial center like New York, London, Tokyo, Frankfurt, Australia and others have its own operating hours which means 8 a.m. to 4 p.m. local time. So if it is Tokyo market and it is 8:00 A.M. Monday morning in Tokyo, you can take the advantage of trading from your New York apartment at Sunday night also.
Overlapping of time and XFR Financial Ltd
There are many financial centers across the globe and there are times when these markets overlap. For example New York and London markets overlap from 8:00 A.M. to 12:00 P.M. EST and London and Tokyo markets overlap from 3 to 4 AM EST. The Sydney and Tokyo markets overlap from 7 PM to 2 AM EST. The overlapping time is best for Forex trading at XFR Financial Ltd since the liquidity of the market is highest at that time and the risk of losses can be minimized when the liquidity is highest.
What is a good time to trade in Forex?
Forex market is the round the clock market but as discussed the overlapping hours are best to trade because it provides great liquidity keeping your money safer. Besides these overlapping hours the best time to trade will be:
- The middle of the week shows the best movements
- London, New York and Tokyo market are the 3 biggest markets. So during the trading hours of these 3 biggest markets it is recommended to trade.
Times to avoid for Forex trading
Here are the times to avoid in Forex trading to make the maximum benefits of other times when the trade is on its high-
- Sundays which have limited volume
- Fridays which are unpredictable
- Holidays also have the limited volume of trade
- Release of the economic reports which cause high volatility
- 4:00 PM to 6:00 PM EST which have low volumes of trade
Thus a careful analysis of the right time for Forex trading is very important so that you can make the maximum use of good time for trading and generate big profits with XFR Financial Ltd. Though Forex is a 24 hour market but trading in the favorable hours is crucial for a good trade.