The best time to trade Forex

In terms of trading volumes, forex is several times larger than the turnover of stock assets on the NASDAQ exchange and several times larger than global GDP. While the global GDP in 2019-2021 was in the range of just under $90-95 trillion, the global stock market capitalization exceeded $100 trillion. The capitalization of forex was about $2,409 trillion. U.S. DOLLARS. The daily turnover of Forex is about 6 trillion U.S. dollars. The turnover of the stock market is about $1 trillion.

The best time to trade Forex

Forex works 24 hours a day except for holidays and weekends. Trading is done around the clock, but depending on the asset and time of day there is a different activity of traders. For example, the largest trading volume of EUR/USD is observed during the European and American sessions, while trading in Japanese Yen is the most active during the Asian session. So, it's up to you to decide the best time to trade, based on your trading strategy.

The best currency pairs

Currency pairs are chosen according to your strategy. Some tips:

• Use a volatility calculator. Pairs with low volatility are more suitable for position and trend trading. Pairs with high volatility are more suitable for scalping and high-risk strategies.
  
  
• Keep in mind the fundamental factors. For example, EUR/USD is more difficult to predict than AUD/USD because it is affected by a larger number of factors.
  
  
• "Exotic" pairs due to low liquidity and lack of fundamental information are suitable for long-term strategies.
  
  
• Choose pairs with no sudden price spikes, trend lines, resistance/support levels, and clear pattern formation.
  
  

Also, if you want to use all available trading tools to increase your capital as soon as possible - follow this link below, or contact us via live chat. Our experts will help you to choose the best strategy for success.