New york forex market closing time - Best Times of Day to Trade Forex
Traders tend to see the best results during the low-volatility Asian session hours:. These tend to work well during low-volatility times, when support and resistance tends to hold.
Range traders can incur significant losses when support or resistance is broken, which happens most often during the more volatile times of day. The results are not good. However, once we factor in the time of day, things become interesting.
This next chart shows the exact same strategy over the exact same time window, but the system does not open any trades during the most volatile time of day6 am to 2 pm ET 11 am to 7 pm London time. The difference is dramatic.
By sticking to range trading only during the hours of 2 pm and 6 am ET, the typical trader would have been far more successful over the past ten years than the trader who ignored that time of day.
What About Other Currency Pairs?
Of closiing, not all currencies act the same. For example, the Japanese yen tends to see more volatility during Asian hours than the euro or British pound, since that is the Japanese business day.
As you can see, using this strategy overnight during fogex Asian and early-European session has yielded much better results than our baseline hour RSI. Mastering Bitcoin is your guide through the seemingly complex world of bitcoin, providing the knowledge you need to participate in the internet of money.
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America Forex Trading Hours Forex trading activity reaches its maximum level when the New York trading hours opens and US banks begin to work, and European dealers return after their lunch break. Or enter your phone number in the form below and we will call you right away.
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Description:Aug 25, - When Tokyo and London's markets overlap (between 9am and 10am South African time);; And when London and New York's markets overlap.