Forex Hours – What are the Best Forex Trading Hours?
This is one critical question that bugs most new traders.Forex Hours: What are the Best Forex Trading Hours?
When you read several other sites, they speak of trading when the market is open etc.So when the new york market is open, the usd pairs are more volatile.This is not wrong. And it is indeed the fact that when a market is open, that certain pair will be more volatile.
Forex Hours – What are the Best Forex Trading Hours?
BUT!Here’s the thing.
You do NOT need to wait for the market to open to trade that pair.If you ask me, i do not even care to know what time the market opens or closes.As mentioned, we as professional forex traders are like lions. Waiting patiently for a setup to occur before we pounce on it and kill it.So if you have a day job. You probably can’t be staring at the screen for long hours.
WHICH IS GOOD!
Staring at the screen for long forex hours, WILL NOT help you enhance your forex trading or grow your account.Instead, you will fall into the SEA OF EMOTION and find yourself struggling to stay alive.
Forex Hours – What are the Best Forex Trading Hours?
If you have a day job, just trade the daily time frame.
So check your broker’s time that the daily time frame bar closes every day.And just spend that 10 mins of time analyzing the daily time frame.Forex hours: SO JUST 10 mins a day is good enough.If there is a price action trade setup, enter it. If there isn’t. Close the screen and go forth your daily job. Come back again the next day and repeat the steps.By just implementing this method, you will find yourself emotionally unattached and you have plenty of time to do your other stuffs.But that does not mean you are not making good money.
There are FULL TIME PROFESSIONAL FOREX Traders who trade the daily time frame alone. (read this again)
Yea.
Forex Hours – What are the Best Forex Trading Hours?
Forex Hours
And if you are like me, who has a little more time to trade.
You can look at the 1hr time frame and the 4hr time frame.Practically meaning, i only look at the charts every 1hr or 4hr, depending on my schedule.So if there is a setup on the 1hr time frame, i enter on it.But if there is no setup, i will go ahead with my other stuffs.And then repeat the steps again.So back to the question on Forex Hours: What are the Best Forex Trading Hours?
I hope you got an answer.
Check out our online forex trading AFM winning Forex Price Action Forex Course where i teach you the exact FULL Forex Day Trading Systems & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.lifeofatrader.com
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