How long is currency trading – Free Training Course in Forex – Lesson 15

So far in all our lessons we have taught you in some previous important principles about how to trade in the Forex market, but in this lesson we want to let you know something else which is very important when trading in the Forex market. 

Although the foreign exchange market operates 24 hours a day for 5 days a week, but this does not mean that the market is active throughout the day, is likely to win the money in the rise of the market as well as in decline, but may encounter difficulty in profit this money if the market dependent and does not move , in this lesson of Free Training Course in Forex we'll help you determine the best times for trading and execution of trades.

Forex market during the week:

Forex market is open 24 hours, and works throughout the week GMT, starting from Sunday evening at 21:00 GMT until Friday evening at 21:00 GMT.

Working hours of the Forex market:

Before you determine the best times for trading we should introduce you to the foreign exchange market, it runs from opening time to closing time the most important 4 major global stock markets, namely:

Tokyo Stock Exchange, London Stock Exchange, and the New York Stock Exchange in addition to the Sydney Futures Exchange.

Dates of the opening of the international stock markets:

The following table shows the dates of opening and closing the global stock markets GMT and the table seems to be operating in these markets over time the capacity of 8 hours since opening time until closing time.

Stoke Exchange	The name of the trading period	Opening time	Closing time
Frankfurt Stock Exchange- Germany	European market (Berlin session)	06:00 AM	02:00 PM
London Stock Exchange - England	European market (London session)	07:00 AM	03:00 PM
New York Stock Exchange - USA	American Market (New York session)	12.00 PM	08:00 PM
Sydney Stock Exchange - Australia	Australian Market (Australia session)	10:00 PM	06:00 AM
Tokyo Stock Exchange - Japan	Asian market (Tokyo session)	11:00 PM	07:00 AM

You can open more than one open stock exchange at one time, and during that time period, which converged in which exchanges we say they are more times Traffic and intensity in the movement of the market and the most dangerous or profit, you may achieved high profit or losses is also high, and usually the London are more sessions witnessing a strong movement in the market.

and Come now we see the average points that you can earn in the 4 major pairs during each exchange ...

Average points throughout the market sessions
Time of Trading	EUR/USD	GBP/USD	USD/CHF	USD/JPY
Sydney	50	30	121	40
Tokyo	66	79	100	66
London	80	100	120	75
New York	67	80	100	60

From the table above we see that it is usually the London Stock Exchange are more sessions , which has movement in the market.

Now Come see the best days of the week to trade.

When is the unity of volatility in these markets?

There are four waves of the day and which sets us how the Forex market moves within 24 hours

Waves of movement on the currency market over the past 24 hours

GMT on the MetaTrader platform

The first wave (from 00:00 to 01:00) is the wave of determining the direction of the new day

It is a period of the first part of the day

And determine the beginning of a new trend for a new day of trading Forex.

And then extract the High , Low, and Close data from the previous day to expect a new day.

Trading on the stock exchanges of good country currency exchange New Zealand, Australia and Singapore, Tokyo

Currency exchange can be traded NZD and AUD and JPY

Usually moving average points for currencies from 10 points to 30 points

Degree level risk trading during that period, the degree of risk to be normal.

The second wave (from 01:00 until 06:00)

The beginning of the emergence of the features of the new trend of the day clearly.

Trading on the stock exchanges of good currency country is Tokyo Singapore

Currency exchange can be traded JPY and EUR

Usually moving average points for currencies from 15 points to 50 points

Degree level risk trading during that period, the degree of risk to be medium

The third wave (from 06:00 until 12:00)

It is The period of the second part of the day

The market tends to experience the other direction, and often succeed and  another opposite path to the morning is determined, but it changes and reacts according to the news and its impact either increases the market trend in the morning or vice versa.

Usually moving average points for currencies from 30 points to 70 points

Degree level risk trading during that period, the degree of risk is moderate to high.

First. From 06:00 to 07:00

Trading on the stock exchanges of good currency of its country Germany exchange (Europe)

Currency exchange where  can be traded  EUR

Usually moving average points for currencies from 30 points to 60 points

Degree level risk trading during that period, the degree of risk is moderate to high.

Secondly, from 07:00 until 12:00

rapid movements Begin and the market begins to move very clearly.

Trading on the stock exchanges of good currency of its country Germany and London Stock Exchange (the European session).

The London Stock Exchange and trading on the Pound currency which is important.

Currency exchange can be traded EUR and GBP

Usually moving average points for currencies from 30 points to 70 points

Degree level risk trading during that period, the high degree of risk.

The fourth wave (from 12:00 until 15:00)

Trading on the stock exchanges of good country currency exchange Germany, London and America.

Currency exchange can be traded  EUR and GBP and USD

Usually moving average points for currencies from 100 points to 350 points

Degree level risk trading during that period, the high degree of risk.

It is the fourth wave and is considered the most dangerous and most powerful prompt and traders must be careful, whether they are new or professionals because it is volatile period  usually because it is the period of the release of news and economic data, especially news the U.S. dollar, which is the biggest driver of the currency market, where the market moves and then violently in addition to that:

Usually this period does not recognize the technical analysis and study of the charts because the news change the form of graphs and are usually hit all the resistors and support.

It Is not advisable to do technical analysis at the time of the news and you must be prepared for the news of the first instead to open the graph and analyze it.

All the great powers are present in the market and the high liquidity and circle time.

At 12:30 period , news about the U.S. dollar begins on

The biggest movers of the market, and the market moves after the news from about 100 to 150 points

The level of risk of trading during that period, the high degree of risk.

I know that from 12:00 to 15:00, the time that it is very dangerous and is not valid especially for the novice trader, because this time is subject to the statements of economic news and data is very large, the market has moved into the range of 100 to 350 points.

From 15:00 to 16:00

It is a period of relative calm in the movement of the market.

From 16:00 to 17:00

the market is moving back strongly.

Good stock trading on the NYSE currency country (America)

Currency exchange can be traded USD

The level of risk of trading during that period, the high degree of risk.

From 17:00 to 19:00

calm of the market Begins  and less risk period is considered profit-taking and close deals before the new day, and at 19:00 GMT Chicago Stock Exchange closes.

risk level Degree trading during that period, the degree of risk is medium.

20:00

After an hour of closing Chicago stock comes the end of the Forex day at 20:00 GMT where the New York Stock Exchange closes and a new day begins with the opening of the New Zealand Stock Exchange and Australia.

* Interest is calculated on the accounts by the end of Forex day.

A calm period of the market from 20:00 to 22:00

This period is very quiet and the New Zealand and the Australian Stock Exchange Open and at 23:00 to open the Tokyo Stock Exchange , currencies moving during that period, an average of 15 points in the level of risk is very small .   

The oil and the gold market:

It Opens from 23:00 GMT and closes at 21:00 GMT ,it  means that this market will be closed in two hours during the night.

When the oil market opens, it will affect the currencies and stocks so whenever the oil becomes higher the dollar fell , and the oil becomes lower the dollar rose , therefore the high dollar and the low of the dollar affects the market situation and the level of the degree of the risk of trading during that period , and the degree of risk is high, and is considered more important periods 13:00 GMT until 15:00 GMT to overlap the time with the opening of the U.S. market with the gold and oil market.

And now a reminder of the most important and the most difficult and most dangerous times during the day the order is:

07:00 GMT (for the opening of the London Stock Exchange after Germany, France, Belgium and the countries of Europe)

12:00 to 15:00 GMT (due to the entry of America and the presence of London and Europe)

17:00 until 18:00 GMT (of the market in the United States after a period of food)

you must beware of when you want to engage in transactions during these times.

What should I do if I do not want this Traffic trading period Market:

If you do not have the ability to trade in the market during times of Traffic we will give some solutions :

trade in different sessions even if they are not crowded hardest , if you can’t  trade in the London or New York , trade in Tokyo session, and then try to develop your trading strategies depending on each session .  

If you cannot trade at least watch the chart throughout the session or some many of them , and watch the price movements , and observe the current scheme , and look at the past charts, and if you cannot also trade record all your mentality feedback in your brain , the watching and follow-up will make you perfect , and will be better .

It is not necessary to monitor the markets sequentially 24 hours but should not miss a day so as not to get lost in the crowd.

If you're busy , trade in foreign currencies during the time of your other business but be warned that you are trading in a big market .

After that we showed you the working hours of Forex , remember that you will trade in foreign currencies at the time of the opening of the stock exchange for such currency to a 24-hour time of the issuance of the news , if you're from Turkey , you can trade in your country in the time of the Japanese yen am opening time Stock Exchange Tokyo, Japan , and you will trade in sterling pound noon time of the opening of the London Stock Exchange Europe , and will trade in the U.S. dollar pm New York Stock Exchange as of the opening of America .  

What are the best days of trading ?

• The best days of the week for trading in Forex

Table shows the outline of the points of the average of the four major pairs for each day of the week.

Average points daily according to days of the week
Trading day	EUR/USD	GBP/USD	USD/CHF	USD/JPY
Sunday	24	31	36	25
Monday	82	110	140	95
Tuesday	102	128	160	105
Wednesday	100	123	150	110
Thursday	83	100	121	77
Friday	80	96	117	72

Based on the former we see that on Mondays and Thursdays, the days of a distinctive to work for it a medium risk, while Tuesday and Wednesday are the most Traffic and intensity in the market although they are the best times for trading because they give us the best opportunities to profit from the other, but be careful should be taken of the degree of risk of losses into account in the negative situations to our deals may be high as well.

Do you want to know when not to trade in currencies?

• the worst of times in trading currencies

Sunday

Is a day of very few in the movement, if you want to start your week with negative points , trade on this day.

Friday

It is a very fickle Day if you want to lose your money that you have earned every day of the week so trade on this day.

Holidays

Such days in closure of banks results the lack of trading volume quantities and therefore if you want to lose your money , trade in holidays.

The time of the news reports

No one knows where the price is going, but if this report was released on the market news, this probably makes you suddenly lose your money in case if news came reverse your expectations or reverse your direction ...

Now you see the choice:

Now we have given you all the information about the best times to trade, and all you need now is to decide between that raise money easily or with difficulty collected or lose.