Headquarters: | Seychelles: office 10, floor 2, Vairam Building, Providence Industrial Estate, Providence, Mahe, Seychelles Cyprus: office 102, 13/15 Grigori Afxentiou, 4003, Limassol, Cyprus |
Foundation Year: | 2012 |
Country: | Seychelles |
Email: | [email protected] |
Trade Platform: | MT4 for Desktop, MT4 Web Terminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader MT4 Multi Terminal, MT5 for Desktop, MT5 Web Terminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, Platform for Android, Platform for iOS |
Acc Funding Methods: | Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix |
Max: Leverage: | 1:3000* |
Min. Deposit: | 1 |
Base Currencies: | USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR |
Min. Spreads: | 0.2 pips |
The best times to trade Forex come from analyzing price movement during different time zones. This is because currency prices fluctuate not only because of market conditions but also the time zone in which they are traded. It's a well-known fact that FX trading occurs around the clock, and there is always 24 hours' worth of deals being made somewhere in the world, every day.
However, the daily pattern of price fluctuations differs from one currency to another and according to time zones. The chart below illustrates a typical scenario in which the US sessions account for about 70% of the trading volume.
The US market is far ahead of others in terms of liquidity and volumes traded, making it ideal for traders to focus on such time zones.
This is not to say that the other markets are not liquid enough to trade, as there were plenty of opportunities during low liquidity Asian and early European trading hours. However, those trading times may require more patience and skill.
As mentioned earlier, the Forex market operates around the clock and this also applies to news releases. Major economic announcements are released in different time zones at various hours making it possible to trade the news. The best time to do this is during London and New York sessions which account for most of the market activity.
It is advisable not to trade immediately after a major news release as currency prices tend to gap, i.e., move significantly in either direction, with little or no regard to the economic event. This is due to traders positioning themselves before the announcement, which can create false breakouts.
This means that if you are planning to trade after news releases, it's best to wait for some retracement of price movements caused by the release, which will provide a better entry point into the market.
However, this does not mean that you should wait forever before entering a trade after a news release. A good practice is to wait for an hour or two if possible as most traders are still digesting the information and therefore the price action will be more stable.
Official open and close time of four major town for forex trading
Sydney opens at 22:00 UCT (17:00 EST) and closes at 07:00 UCT (02:00 EST)
Tokyo opens at 24:00 UCT (19:00 EST) and closes at 09:00 UCT (04:00 EST)
London opens at 08:00 UCT (03:00 EST) and closes at 17:00 UCT (12:00 EST)
New York opens at 13:00 UCT (08:00 EST) and closes at 22:00 UCT (17:00 EST)