Forex Training Tip: The Best Time to Place Trades in the Forex

The various online Forex video courses and LIVE Forex training courses have different opinions on the best time to trade the Forex. This is one of ...


The various online Forex video courses and LIVE Forex training courses have different opinions on the best time to trade the Forex. This is one of the most commonly asked questions by traders and we will reason on a couple of key points to help you to see what the best answer to this question is and possibly improve your trading.

The Forex market is open five and a half days a week, 24 hours a day so traders have considerable more opportunities to particpate than any other market in the world. With that much freedom of access to the Forex markets, traders look to experienced traders to help them narrow down the most opportune times for them to sit at their trades stations.

Another reason people wish to have this question answered, is that most people learning to trade Forex already have busy schedules and are looking to find the optimum time to learn and find the most profitable trades. We have found that most traders are willing to adjust their schedules to be able to trade at the best time possible in the Forex market. As all other traders, we want to make the most money trading Forex in the least time possible but is this possible or reasonable?

For all of the uniqueness of the Forex market, there are similarities when it comes to the best time to trade it. When is the best time to trade the European equity markets? When is the best time to trade the US Commodities markets? When is the best time to trade the Asian equity markets? Unless you have a trading strategy that is specifically linked to the open, lunch or close of these markets then time is NOT a factor to consider when placing your trades.

Remembering that most people trade with trendline breaks, RSI, MACD, Stochastics and an assortment of other technical indicators, allows you to see that many traders are missing profitable trades because they are expecting everything to line up when they are ready to trade and not when the market is ready to be traded. When you trade using technical analysis you trade when your trading rules tell you to trade, it is the only way to trade the market in a repititious manner.

If you want to succeed in trading the Forex, it is recommended to find a successful trading strategy. Once you have found one and back tested it, take the the trades that it signals to you. Your experience with your trading rules will show you that trades will consistently come at inconsistent times. A warning to sytem traders, sit on your hands if there are no trade signals, forcing trades is how most system traders self destruct.

The answer to the best time to trade Forex, there is none, despite what your Forex course or mentor may have told you. And if you can only trade at a certain time each day, be sure to trade with discipline and only place trades that follow your trading rules and forget about the trades that you are not able to place due to your schedule.

Learn more about the best way tolearn forex. Stop by Seth Gregory’s site where you can find out all about LIVE Forex Training and what it can do for you.

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