Forex Trading For Beginner Traders financeillustrated com

The London session is usually the most 
active and in the afternoon overlaps with 
the opening of the New York or American 
session, so there can be good opportuni-
ties to trade forex and make a profit. 
‼
Seasoned traders considered 10am (EST) 
to be the best time to trade forex markets 
as during this time, traders in London and 
Europe are preparing to close their positions 
and traders are getting ready to make a 
move in the American session. As the focus 
shifts from Europe to the US, this often cre-
ates big swings in currency prices, opening 
up opportunities to profit. 
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The Best Time of the Week to Trade Forex
Research has found that the biggest movements in four of the major currency pairs - namely 
EUR/USD, GBP/USD, USD\JPY and USD/CHF - are observed on Tuesdays and Wednesdays. 
These days generally show the biggest movements in currencies as major data releases relat-
ed to the economy are usually released on these days. 
Fridays are busy as well, but only until 12am. During the second half of Friday, movements can 
often be unpredictable since major banks, hedge funds and financial institutions will close some 
of their positions for safety reasons over the weekend. 
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Bank Holidays
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Friday Afternoons and Weekends
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End of December
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When Angry or Frustrated
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Asian Sessions
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Release of News Events
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Market Closing Time
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Overnight
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 When NOT to Trade Forex? 
🙅
Experienced traders avoid trading on Friday afternoon and weekends, on closing session, on bank 
holidays, on Christmas, during Primetime TV events, when major economic reports and news are 
released, and when they are angry, frustrated and exhausted. Also, novice traders should be very 
careful with the Asion sessions. 
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