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Traders Union Reveals The Best Trading Hours In The Forex Market – Stocks News Feed

LIMASSOL, CYPRUS / ACCESSWIRE / September 12, 2021 / Traders Union, a huge portal with various selections of useful information on the Forex market and all Forex brokers working on the exchange, has opened up to share their valuable insights into Forex trading that potentially have the capacity to maximize one’s profits from trading.

As most traders have probably heard hundreds of times, if anyone wants to earn from Forex trading, they should take into consideration every nuance: from finding a reliable and honest broker to selecting an optimal strategy and the best time.

In case one has a look at the thematic materials published on open access, they will see that most experts insist that the most advantageous time for performing transactions is the periods characterized by high volatility. However, these are empty suppositions, which are not supported by any precise evidence. Hence, in practice, it may turn out that this tactic is not so profitable and universal. However, it seems rather risky, especially for beginners.

When Can One Earn Maximum Profits from Trading?




So, what should a novice trader do if he does not have so much practical experience and cannot determine when to open or close a position? You can find the answers in the research “The Best Time to Trade Forex” provided by one of the most famous services for traders ― Traders Union.

We should highlight that this media is well-known to pay much attention to educating novice and advanced traders and to provide them with expert recommendations and tips on how to increase their incomes. Their team regularly performs deep and extensive research on the hottest issues related to Forex trading.

Thus, they could not pass over the timing questions, which attract the interest of such a large number of traders. Namely, to determine the optimal time for performing transactions, they decided to study the practices adopted by over 2000 most successful traders from their community. Respondents, who were invited to participate in the survey, belonged to different genders and age groups and had varied trading records. Thus, there is no reason to question the objectivity of the results. Within the research mentioned, they shared information about when they prefer to trade (in terms of both days of a week and time) and how much profit that brings to them. Afterward, experts from Traders Union used that data to form statistics and diagrams to show the relation between the time of trading and incomes.

What Is Volatility? When Does It Increase and Decrease?

In simple words, volatility is the difference between the most advantageous buy and sell prices in terms of currency trading. Naturally, when it is high, that means one can take huge advantage out of rate fluctuations.

Volatility is closely connected with liquidity, i.e. probability to sell assets chosen within the shortest term and at the real market price while bearing minimum additional expenses.

Obviously, the most liquid times of the day are when trading sessions on different markets coincide or overlap. That leads to an increase in the overall number of traders from different countries and, consequently, to a rise in sales volumes. For example, one of such periods is from 23.00 GMT to 7.00 GMT – it is the time when the sessions in Tokyo and Sydney overlap. Other highly liquid periods are from 8.00 to 9.00 GMT (an overlap between Tokyo and London) and from 13.00 to 17.00 GMT (London and New York).

As for the most liquid and volatile days of a week, one should note that the most active days are Thursday and Friday ― before the markets close for a pause for a weekend. The situation on Mondays depends on the recent news and statistics. It can be either stable or highly volatile. Then, on Tuesday and Wednesday, the activity usually grows. Still, these two days are considered to be the most stable in terms of demand, supply, and rates.

And, according to most sources, the most profitable days for trading are Thursday and Friday, when price fluctuations reach their maximum. Still, again, there are no factual arguments for that.

Contact:

Julia Carrol
[email protected]
https://tradersunion.com/

SOURCE: Traders Union

View source version on accesswire.com:
https://www.accesswire.com/663651/Traders-Union-Reveals-The-Best-Trading-Hours-In-The-Forex-Market

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