In recent years many people have began to trade the forex markets, and thus are asking the question what are the best forex gold trading hours. Over the last 3 or 4 years the global economy has been suffering from one of the biggest recessions for decades largely due to the heavily publicized banking woes in the United States and Europe. These troubles have left many households in financial trouble and some have even been left without work. This has prompted many people to seek new and exciting ways to make extra money or to attempt to create a new career.
Forex trading has been one of these methods this is the trading of currencies on a huge scale. This variety of trading until recently was only practiced by banks and other large corporations but with the recent introduction of a large number of Forex trading websites it has been opened up to normal member of the public with trades as low as $1 being allowed. Unlike other types of trading the Forex market is open 24 hours a day 5 days a week. The key to being successful at this type of trading is the time of the day that you place your trades as you are always looking to catch the largest moves of the day in order to make the most amount of profit that you can.
This leaves many traders asking the question what are the best forex gold trading hours. It is certainly not an easy question to answer and it obviously varies wherever you are in the world.
If you are trading the European or the London market which is the main hub for the forex market then the best hours to trade between are 2am and 12pm EST. As this is the most liquid of all the forex markets you will find the largest moves here. Between these hours you can easily see moves of 80 to 200 pips so if you are looking to trend trade as most do these are certainly the most profitable hours.
If you are based in Asia you will find that the liquidity here is fairly low and therefore the best trading hours are in the evenings between 7pm and 4am EST. This will give you the best chance of having a good profitability rate trading in this area.
The US market is the second largest in the world so you can see some big moves during the day however the best movements will generally be between 8am and midday as these are the hours when the European market is still trading. It is possible to trade this market up until 5pm though and still see some good moves. These are the best forex gold trading hours around the globe.
Forex trading has been one of these methods this is the trading of currencies on a huge scale. This variety of trading until recently was only practiced by banks and other large corporations but with the recent introduction of a large number of Forex trading websites it has been opened up to normal member of the public with trades as low as $1 being allowed. Unlike other types of trading the Forex market is open 24 hours a day 5 days a week. The key to being successful at this type of trading is the time of the day that you place your trades as you are always looking to catch the largest moves of the day in order to make the most amount of profit that you can.
This leaves many traders asking the question what are the best forex gold trading hours. It is certainly not an easy question to answer and it obviously varies wherever you are in the world.
If you are trading the European or the London market which is the main hub for the forex market then the best hours to trade between are 2am and 12pm EST. As this is the most liquid of all the forex markets you will find the largest moves here. Between these hours you can easily see moves of 80 to 200 pips so if you are looking to trend trade as most do these are certainly the most profitable hours.
If you are based in Asia you will find that the liquidity here is fairly low and therefore the best trading hours are in the evenings between 7pm and 4am EST. This will give you the best chance of having a good profitability rate trading in this area.
The US market is the second largest in the world so you can see some big moves during the day however the best movements will generally be between 8am and midday as these are the hours when the European market is still trading. It is possible to trade this market up until 5pm though and still see some good moves. These are the best forex gold trading hours around the globe.
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