When to trade currencies on Forex markets?
You were probably wondering when is the best time for trading. And this is a very good question because you cannot do it all the time. You can only trade a particular currency when the market session is open. If you want to trade the EUR/USD currency pair, you will need to check when European and US markets are open.
In this guide, you will find hints when a specific session is open compared to your time zone.
Olymp Trade best currency pairs.
There are many currency pairs on Olymp Trade. 35 to be exact. Let’s focus on 9 most popular currencies, that are traded in 6 different market sessions.
Take a closer look at the table below.
Forex Market Hours Trading Tool – how to use it
As you already know, it is not the best idea to trade a particular currency pair all day long. The time you can actually do it depends on a few factors. First, the currency must be available on the market. Second, markets should overlap. Lastly, what time zone are you in. All those factors have to be taken into account.
In Guide #1 on choosing the perfect trading hours at Olymp Trade, you will find more detailed information on when to trade on the Forex market or digital option.
Now, let’s look into the Forex Market Hours Trading Tool.
On the drop-down menu below different time zones are specified. Select the one you are operating in and click GO. Our “clock” will automatically adapt and you will clearly see the market hours for any of the 9 currencies.
Forex Market Hours Clock By olymptradewiki.com
To summarise, every time you want to trade currencies, you should determine when your favoured currency pairs overlap. If your choice falls on GBP/USD currency pair, you ought to check the hours when both, London and New York sessions are opened and they coincide. This will be the time when they are traded on a large scale and this exactly means the best trading opportunities for you.
The tool is specifically created for Olymp Trade platform traders and we are using it too.
Best of luck!
London, United Kingdom
New York, United States