Many people know that the most important question you need to ask yourself when you are going to trade Forex is what is the best time to trade Forex? The answer is all to do with stats. If there is a trend then follow the trend and listen to the advice of the experts. If you are waiting for something to increase then you are in the wrong mindset. You need to find the best movers and trade. In terms of what’s the best time to trade in the week there are many different opinions but the majority of people and experts say the best time is mid week, Tuesday, Wednesday and Thursday. This is because the majority of currency pairs reach their highest in the middle of the week.
But an important point to remember is that don’t just trade because someone tells you to, or it looks good because it is a Wednesday, you have to do your own research and look at the stats of the Forex before even thinking about trading. Another interesting point is trade when many big markets are open, not just one. At certain times the American market and the UK market will be open at the same time; this is always a good time to trade. Remember trades online take seconds most are done in under 1 second, so once you have made your decision there is no going back. The UK and US markets account for over half of the total world’s market which means that Forex trading is particularly busy during this time.
Don’t be put off to much by the time to trade. The most important thing to remember is that you should only trade if you feel confident that you will make money on the trade, and get high R.O.I. whether they are high risk or whether they are going to get you high r.o.I. even if they are low risk. You do not need to be overly concerned with the best time to trade Forex, just remember once you have traded there is no going back and sometimes you might make a wrong decision and lose your investment. Another quick point, Forex is investment not gambling so do not invest and hope that a currency will increase/decrease. Use your brain, go with the trend.
In conclusion before investing Forex you need to know the best time to trade, the best times to trade are when multiply markets are open, it is mid week and you feel confident about the stats and where the trend is going. Only then should you invest, you should also understand that if you leave your investment for longer you are more likely to either lose or make a lot more money and get a higher r.o.I.
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