What’s the Best Time to Trade the EUR/USD Pair?

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What’s the Best Time to Trade the EUR/USD Pair?

best time to trade

As most people probably know already, the forex market is open 24 hours a day, a feat that is accomplished due to the different time zones and locations of these markets. The four most important forex markets in the world operate at different times. They are located in Sydney, London, Tokyo, and New York.

The first ones to open are the Asian and Australian markets, followed by the London and, finally, the New York ones. It’s worth noting that some markets cross over with each other. For example, the Tokyo and Sydney ones and the New York and London ones. This is important because that cross-over period offers traders greater opportunities for success because the markets become more volatile during that time.

About trading times

Any trader is free to trade at whatever time they see fit for their goals. However, according to many experts, there are some times that are more favorable than others. Periods of time when there is high volatility in the market are usually more favorable because they generate profits and do not cause losses that are too big either.

When it comes to the EUR/USD pair, a window with enough volatility is the best chance if you want to be successful with your trades. As a general rule, when the US and Canadian markets are open, pairs involving the USD are more active. When the markets in Europe are open, pairs involving the EUR are more active.

best time to trade

 

What is the best time to trade theEUR/USD pair?

This means that the absolutely perfect time to trade the EUR/USD currency pair is when the two markets cross over. So, your job as a trader is to always check the time and pick a few hours when both of these markets are open.

As general examples, if you are in the EST time zone, most people consider the period between 08:00 and 10:00 to be the best one. Regardless of the daily volatility, the period between 03:00 and 16:00 EST is usually considered very good for day trade.

Moreover, according to many experts, the absolute best time to trade the EUR/USD pair is between 09:00 and 12:00 EST. It’s also mandatory to know that after the market opens, you should stay away for a while. You need to wait a bit before everything settles and this also applies to the closing hours. Do not trade right before the market closes because things can get quite unpredictable.

So, in case you are also a trader who wants to make a profit and become successful, we have a strong recommendation for you in the form of an online trading broker that will not disappoint you.

Royal Noble Group is an online trading platform that offers trading and investing services zeroed in on crypto and CFDs in the worldwide markets. It has a wide presence and is equipped for giving proficient and viable innovations and instruments to interested people all over the world.

This advanced, safe, and easy-to-use online trading platform bundle has done everything to permit individuals to make the most of their chances and to utilize some high-level monetary instruments to make astute, precise investing choices.

This online broker claims to be completely dedicated to creating a remarkable trading and investing environment. As indicated by their customers, their three platforms are the absolute best available today. They are all about instant executions that don’t have bugs, lags, or errors.

It should be mentioned that they are, additionally, specialists in the latest Sirix technology. The refined investing climate, the great spreads, and the high-quality customer services are generally open to people everywhere in the world.

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