If you’ve been trading currency pairs for some time now then, you will be able to know that timing is everything.
Choosing the best trading hours is the hardest aspect without experience.
Personally, I cannot tell you how many times I have lost just because I couldn’t point out the right hours to trade.
In begging, I start trading without doing reachers currency details graphs, etc. I just start trading like gambling.
What is currency pairs trading and why one should choose the best time for currency pairs trading?
Currency Trading is a combination of foreign currency and exchange. Foreign exchange is the process of changing one currency of one country into the currency of another country for a variety of reasons, usually for trading, or tourism.
There are many online platforms or applications allowing users to trade currency pairs. One of the best and famous applications is the Olymp trade.
Why one should choose the best time to trade currency pairs?
Choosing the best time for currency pairs trading is to avoid the new trader from the begging losses as they have less knowledge. Choosing the best time can also help the traders to make profits.
What is the Best time to trade currency pairs?
The point that one should know before trading a currency pair is choosing a time at which the fluctuation is less.
The best time to trade currency pairs is 9:30 a.m. to 10:30 a.m and 6:30 to 7:30 the best hours of the day for day trading, attempting the biggest moves in the shortest amount of time. A lot of professional day traders stop trading around 11:30 a.m. because that is when volatility and due to its fluctuation.
If you are a new trader don’t do trading late at night or in the afternoon because the market is most volatile and fluctuating which can deals you with huge losses.
Best Currency Pair is best to at the shown time?
- The euro and US dollar: EUR/USD
- The US dollar and Japanese yen: USD/JPY
- The British pound sterling and US dollar: GBP/USD
- The US dollar and Swiss franc: USD/CHF
- The Australian dollar and US dollar: AUD/USD
- The US dollar and Canadian dollar: USD/CAD
- The New Zealand dollar and US dollar: NZD/USD