Trading time is very important. Though the market remains open for 24 hours, all the time it doesn't behave the same. Sometimes it remains calm and sometimes it becomes volatile like in New York session. Your strategy will tell you which time best for you. For me I trade mostly in New York session.
When you trade is definitely very important, besides the different sessions it is worth knowing when news are released, when fixings are, etc. Also you should pay attention on Fridays not to forget about positions you don't want to hold over the weekend.
The movement of the Forex market is not always the same. And trading is not possible without flexibility in a changing market. The price should be flexible with the market as it is sometimes volatile and sometimes impulsive. I usually think the new work session is the perfect time to trade.
It is important for a trader to choose the moment of entering the market. You also need to understand where he will exit the deal. And in this case, one cannot simply be guided by time, one must look at the behavior of the market and prices.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.