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Learn to Trade
One of the most common questions among Forex traders is, when is the best time to trade? For example, if you spot a bullish pin bar on the daily time frame, you would simply set your pending order and let the market decide what becomes of it. See my lesson on the best time frame for trading Forex for more information. Like most things, there are advantages and disadvantages to the Forex market being a 24 hour market. I will note, however, that the disadvantages typically reign true with those just starting out.
In fact, I feel confident in saying that the disadvantages below are what make the Forex market one of the more challenging markets to conquer as a beginning trader. Many new traders find it hard to take breaks from the market because they feel the need to monitor their positions at all times.
This is one of the more destructive habits of new traders and is enabled by the fact that the Forex market never closes.
The good news is that these disadvantages are easily cured by a well-structured Forex trading course , discipline and no small amount of practice. I hope this lesson has shed some light on the subject of Forex market hours as well as the various market sessions that make up a 24 hour period.
Please log in again. The login page will open in a new window. After logging in you can close it and return to this page. Forex Market Sessions Because this is a 24 hour market, there is always at least one active trading session. Here is a breakdown of the chart above in Eastern Standard Time: New York opens at 8: Which Session is the Best to Trade? Our forex seminars are designed to deliver key market updates and teach traders of all abilities how to potentially improve their all-important trading strategy.
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