Managing Your Time Wisely | Mentor Tips

Managing Your Time Wisely

Although the Forex market is open 24 hours a day, the market is not active the whole day. Traders must lean when the most optimal time to trade is.

 

Best Times to Trade:

  • During the European Session which is the busiest of the 4 sessions
  • During the Middle of the Week
  • During overlapping sessions
  • When Major News Outlets Issue news releases that may spark volatility

 

Worst Times to Trade:

  • Weekends
  • Holidays
  • Mondays and Fridays
  • When Major News Outlets Issue news releases that may spark volatility
  • Major sporting events

 

Making Money Trading Forex

In order to make money trading in Forex market, a trade must exchange one currency for another in the expectation that currency purchase will appreciate in value with respect to the currency sold.