I often get asked, ‘when is the best time to trade forex intraday?’
Just because the market trades 24 hours a day doesn’t mean that there are opportunities available all day every day. The market typically varies in range, and therefore opportunity, at various times throughout the 24 hour period. Some periods of time have a larger average range of price movement. Other periods of time have a more narrow range of price action. The best time to trade forex for you will depend on whether your strategy performs best in a wider range market, which has greater likelihood of extended trends, or whether it prefers a narrower range-bound market.
Let’s look at the various forex sessions.