Forex trading is not all about how each currency will move against the Usd; just as important is knowing when the market will have momentum. Setting times to trade really does make a lot of sense with the near-term view that forex valuations carry, and the fact that each 24-hour period has to absorb three regional commercial market's trade, in Asian, Europe and the U.S.
There are three main forex moving times that regularly garner attention, and therefore offer an ability to move prices with momentum. They are the 2am ET German Dax futures market getting underway, the 6-7am ET London gold/oil fixings and LIBOR rates being set, and the 11am ET European market close.
Outside of that, the return from lunch in Japan between 11pm ET and midnight, and the closing of the NYMEX markets at 2.30 pm ET really are the only other times that prices move substantially and then hold.
Marco Hague, one of the founders and principals of The London Forex Broadsheet, lends his further advice on Forex trading...
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