June 28, 2011
(1) What is the best time to do forex trading? (2) What are the best curency pairs to trade in?
By Planet Wealth
Topics: trading tips | 6 Comments »
6 Responses to “(1) What is the best time to do forex trading? (2) What are the best curency pairs to trade in?”
Comments
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June 28th, 2011 at 5:33 pm
1) This site will answer your first question
http://www.babypips.com/forex-school/market-hours.html
2) There are only six major currency pairs against the dollar
GBP
EUR
JPY
CAD
CHF
AUD
These are the pairs with the highest volume and the lowest spreads. There are six or eight other "cross pairs" that also have excellent volume, but the spreads widen to 9 or 10 pips.
June 28th, 2011 at 5:33 pm
Depends if you can predict which currency is stronger/weaker rising/falling etc….tough business to get right….bit like share dealing.
June 28th, 2011 at 5:33 pm
Depends on your strategy and rules. Some people like mornings, some like evenings. Really depends on how you like to trade (what strategies and what timeframe).
There are 17 pairs that are most well loved. Many people like USD/EUR, USD/JPY.
Hope that helps!
June 28th, 2011 at 5:33 pm
Generally 2 AM ST to 2 PM EST is the best time since most of the banks are working at that time.
Generally USD based currency pairs have high volatility and tight spreads..
Get more info at
http://the-forex-trading.blogspot.com
June 28th, 2011 at 5:33 pm
Best Time to Trade ? Check out this site. It has a time chart based on the various cities in the world.
@ http://www.geocities.com/lcming/ForexForex
Best Currency pairs ?
Those that are liquid and volatile. Basically the majors
USD/JPY
EUR/USD
GBP/USD
CHF/USD
Although EUR?GBP is my pet right now. Slow and steady.
June 28th, 2011 at 5:33 pm
If there was a "best" time and currency to trade in, the opportunity would be arbitraged away as quickly as it came.