What is the best trading session

What is the best trading session


So let's find out when is the best time to trade. Obviously this question is very subjective. Well this depends on your trading style and how much free time you have available to trade. However there are few things each and every trader needs for consider in order to be successful.

Firstly , what is your trading style? Are you a Scalper? Are you a Swing trader ? Or a Trend Trader ? If you're a person who doesn't have time on their hands , it will probably make sense to you to be a Swing Trader or aTrend Trader because that way you can place your trades very passively during lunch breaks , after work , before work or during your tea breaks. On the other hand , if you have a lot of time on your hands , it would probably make sense to you to be a Scalper. That way you can enter and exit trades multiple times during the course the course of the day.

Figuring out what type of trader you are is very crucial. Once you have figured out what type of Trader you are and how your schedule looks like , you can actually move and take a good look at the various trading sessions that exist. We basically have 3 sessions, we have the Asian session , the European session and the US trading session. Why is this important ? When a particular trading session opens , you're usually going to see a spike in activity. Also when the particular session closes you're also going to see a spike in trading activity. Usually the hours of 9 oclock and 10 oclock in the morning and also 2 oclock and 3 oclock in the afternoon Central African time you'll usually see a lot of huge movements a lot of strong powerful movement within the forex market and that's actually what we want more than anything else as forex traders.

Now is a particular trading session better than the other? Well it depends. It depends on which pairs you're actually trading. USDJPY , AUDUSD, NZDUSD these 3 pairs tend to make very big moves during the Asian session. The Asian session usually runs between 1am to 6am Central African time. EURUSD and GBPUSD tend to make their huge moves during the European and US session which is between 9am to 3pm in Central African time.

You can make money through trading anytime in a day , however you're going to need a solid understanding of the trading market.

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WendyZaca
WendyZaca

IT Service Consultant who is interested in Crypto, NFTs and Foreign Exchange.


Crypto, NFTs and Foreign Exchange
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