Are you trading Forex during the right hours?

You may have never payed attention to it before, but many good Forex strategies used by traders are bound to fail if traded during wrong market hours.

That's right. Forex market is not all even throughout the day, even though it can be traded 24 hours a day. There are times when trading volume is high and times when there is very little going on on the market.

Forex market hours are split into 4 major time periods:

London session - 3:00 am to 12:00 noon EST
New York session - 8:00 am to 5:00 pm EST
Australian session - 5:00 pm to 2:00 am EST
Asian session - 7:00 pm to 4:00 am EST

The most active trading hours belong to London and New York sessions.
During these sessions currency pairs trend and move the most allowing Forex traders to benefit from price shifts. This high activity is addressed to the fact that London and New York are the major global trading markets so far with highest number of participants.

Trading during active trading periods provide traders additional edge to the success of their trading methods.
Trading during less active trading sessions may not be suitable for all trading styles and systems traded.

Additional note can be made, that if you have been trading without proper studying of market hours and for some reason your strategy produces poor results, it is a wise idea to try it out again, but this time trading during London and New York trading sessions.

The good and free tool to check on Forex trading hours can be found at http://www.forexmarkethours.com/

See you on the profitable side!