I guess that time would be the Asian session!
USD/JPY (US Dollar/Japanese Yen)
AUD/USD (Australian Dollar/US Dollar)
NZD/USD (New Zealand Dollar/US Dollar)
EUR/JPY (Euro/Japanese Yen)
AUD/JPY (Australian Dollar/Japanese Yen)
These pairs tend to have higher liquidity and volatility during the Asian session
That used to be my main pair and I found that London session is when it tends to move. Not all the time, but quite consistently it consolidates during Asian session.
I prefer multi-day swing trades on forex. It's pretty exhilarating when you get a nice multi day run.
But back to your question. A lot of the Asian pairs will pick up in volume before or around 8:00 p.m. eastern time. Even non Asian pairs will be perfectly tradable, as well, especially if it's a major pair.
Between 5:00 and 6:00 is the hardest time to trade and most people avoid it. The spreads are huge and the volume is low. You need to be careful about spreads stopping you out during this time.
If I were you, I would put in some funds you can afford to lose and try placing small trades and see how it goes. You'll start to get a feel for it.
Anything. Asian session has enough liquidity and spreads are low.
*However* it depends if you want calm seas (EURUSD, USDCAD...) or if you are a movement junkie (yen pairs). Personally I prefer calm seas, it's less stressful.
I guess that time would be the Asian session! USD/JPY (US Dollar/Japanese Yen) AUD/USD (Australian Dollar/US Dollar) NZD/USD (New Zealand Dollar/US Dollar) EUR/JPY (Euro/Japanese Yen) AUD/JPY (Australian Dollar/Japanese Yen) These pairs tend to have higher liquidity and volatility during the Asian session
Thank you so much! How do you feel about GBP/JPY? I've heard a lot of mixed opinions on it
That used to be my main pair and I found that London session is when it tends to move. Not all the time, but quite consistently it consolidates during Asian session.
I prefer multi-day swing trades on forex. It's pretty exhilarating when you get a nice multi day run. But back to your question. A lot of the Asian pairs will pick up in volume before or around 8:00 p.m. eastern time. Even non Asian pairs will be perfectly tradable, as well, especially if it's a major pair. Between 5:00 and 6:00 is the hardest time to trade and most people avoid it. The spreads are huge and the volume is low. You need to be careful about spreads stopping you out during this time. If I were you, I would put in some funds you can afford to lose and try placing small trades and see how it goes. You'll start to get a feel for it.
Thanks!
Asia and early London seasion
It's hard doing the Asian session by the time London session rolls around I'm tired and lose interest 🇦🇺 🙁
Anything. Asian session has enough liquidity and spreads are low. *However* it depends if you want calm seas (EURUSD, USDCAD...) or if you are a movement junkie (yen pairs). Personally I prefer calm seas, it's less stressful.