Choose the Best Time to Trade

Forex is open 24 hours day; which enables investors to have non-stop access to markets; choosing the right time to trade will maximize your opportunities. According to the U.S. Eastern Time: Sydney is open from 5pm to 2am, the New York market is open from 8am to 5pm, Tokyo opens at 7pm and closes at 4:00am and London opens at 3:00am and closes at 12:00pm.

Forex is open 24 hours a day, but that does not necessarily mean it is active through out the day, nonetheless, you can make profitable trades regardless of whether the market moves upward or downward; however, it would be difficult to make money when it is not moving at all. The three major trading sessions are the U.S session, the Tokyo session and the London session, the point here is that between each of these three main sessions, there are times when two sessions are open at the same time, for example, from 3am to 4am eastern time, Tokyo and London are both open, and from 8pm to 12 pm eastern London and U.S are both active; using these times, you are in a much better position to trade successfully.

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