Last update 2020.10.19
With an average daily volume of $6 trillion, it’s commonly understood that the forex market is open 24 hours a day from Sunday at 5:00 pm Eastern (ET) through Friday 5:00 pm ⏰. So, this is the forex market session. But, what is the best time to trade forex? In this article, we will share with you valuable tips for improving your forex trading performance using tactics from the best professional traders concerning forex sessions.
- Understanding the forex market sessions
- The best time to trade forex
- The best trading hours vs spreads
- How to trade forex efficiently with AI trading
- What are the best forex brokers to trade?
Understanding the forex market sessions 🔍
A great advantage of forex over other financial markets is that it works 24 hours a day, 5 days a week, from Sunday to Friday 🏪. This means more opportunities to invest during trading sessions. But it’s more technically accurate to say that the Forex market is traded on various markets throughout the world and these markets are only open during parts of the 24 hours day. Here is a schedule of when each specific market opens and closes based on Eastern (ET) time:
Notice that during parts of the day, these markets are open at the same time. Moreover, knowing when these markets overlap is important because trading during these times means the volume and liquidity are both higher and the spreads are therefore much lower.
Here is a list of when markets overlap or when two markets are open at the same time all quoted in Eastern (ET) time 🗺:
- New York and London: 8:00am – 12:00pm
- Sydney and Tokyo: 7:00pm – 2:00am
- London and Tokyo: 3:00am – 4:00am
What is the best time to trade forex?
There are some trading patterns by which must take a look when considered it is considered trade forex. So, for example, the best time to trade EUR/USD or the GBP/USD currency pairs is during the hours of 8:00 am – 12:00 pm when both the New York and London markets are open and the highest volume of trading happens during that time.
Liquidity can also be lower at the open of the trading week. It’s rare, but the individual Forex markets also close throughout the year for the few holidays they observe in their local country.
Keeping track of international market holidays, market liquidity, overlapping hours and the like creates an unnecessary burden on a trader just seeking to make money by finding great setups and executing those setups according to their trade plan.
A service like that at Wiseinvest simplifies this process. The AI trading system takes all these data points and many others into account before trade automated in your forex broker account. It is fully automatic and hands-free. You do not have to worry about selecting the best time to trade forex.
It is also possible to invest manually with AI forex signals, that you real-time forex trading signals on the currency pairs you follow ready-made to trade. Risk management, position-sizing, and everything have already been factored into the program. In fact, the AI at Wiseinvest.ai uses a combination of the best trading strategies for trading the 28 currency pairs it monitors in real-time.
Few people will ever be able to earn enough to be able to save their way into a great retirement. Real wealth creation only comes when a person is able to put their money to work at a high enough rate.
Automating as much of the process as you can make it easier to accomplish all you want in your trading. Using tools such as our AI is a great way to help you keep your focus on where it should be, your life while still putting your money to work harder and smarter than ever before.
The best trading hours vs spreads
When trading forex, there may be instances when spreads widen beyond the typical spread. These spreads are a function of market liquidity and in periods of limited liquidity, at market open, or during rollover at 5:00 PM ET, spreads may widen in response to uncertainty in the direction of prices or an uptick in market volatility, or lack of market liquidity. It is not uncommon to see spreads widen particularly around rollover. Trade rollover is typically a very quiet period in the market, since the business day in New York has just ended, and there are still a few hours before the new business day begins in Tokyo.
Being cognizant of these patterns and considering them while trading with open orders or placing new trades around these times can improve your trading experience. This may occur during news events and spreads may widen substantially to compensate for the tremendous amount of volatility in the market. The widened spreads may only last a few seconds or as long as a few minutes.
Just as an example, during the rollover time spreads that are usually 2 pips, can reach up to 40 pips. It is an example of how dangerous might be trading without knowledge and the right tools. With an automated AI trading system, you do not need to concern about spreads and monitoring economic news.
It is important you utilize caution when trading forex around news events and always be aware of their account equity, usable margin, and market exposure. Widened spreads can adversely affect all positions in an account including hedged positions.
The best way to trade forex 💹
There are two ways to invest with our AI in forex trading without worrying about forex trading sessions and the best time to trade.
1. Automated with AI-Trading. Check out the 3 steps to trade automated with our AI.
By trading forex automated with AI, you will save time and improve your performance without monitoring the market and managing trading platforms.
With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account every time that our AI system identifies a new worthy trading opportunity. You can monitor the AI trading performance in real-time directly on our dashboard.
Automated AI trading benefits ✅
- Setup in 3 minutes.
- Totally hands-off, from anywhere.
- Invest from just $1.
- APY of 40% over the past 13 years*.
- Lightning-fast execution & no slippage.
- No commissions, no management fees.
- Portfolio with 40 different automatic strategies.
- No MT4/MT5 or other platforms required.
- Test with a risk-free practice account.
- Trading results directly on our dashboard.
Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker Oanda. Click here to open an account.
2. Manually with AI forex signals.
Wiseinvest also provides AI forex signals that perfectly fit into MT4, MT5, and any trading platform. To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice.
There are five unique variables for each AI signal, and each must be copied exactly, to match the performance of the signal as close as possible.
Each AI forex signal alert consists of the following five data points:
- Symbol (forex pair)
- Direction (long or short)
- Position size (number of units or lots)
- Take profit (price level to exit with maximum gain)
- Stop loss (price level to exit with maximum loss)
Check out how to trade with our AI forex signals.
- Subscribe to a Wise-Plan.
- Open a Brokerage account. Check this article about the best forex Brokers.
- Set an amount and a position size on our Wiseinvest dashboard.
- Our AI will send you real-time trading alerts by email and Telegram.
- Copy the signals and paste into your Brokerage account.
All forex signals are sent every time that our AI trading system identifies a new trading opportunity. Our trading strategies are developed on a variety of time frames such as 4 and 8 hours.
Wiseinvest AI forex signals are Market Orders and you do not need the entry price. You can copy each signal while it is available on our dashboard. We do this way to assure that traders will just place signals while they are good to be traded.
You can trade forex with our free forex signals clicking here, or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a professional forex trader, our AI trading system can help you save time and improve your trading performance. Get started with free AI.
When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate pips and change the leverage in your forex broker account. Learn more about leverage in forex trading by clicking here.
What is the AI performance in forex trading?
The Win Rate of our AI shifts as indicated by the period and can reach up to 95%. The performance depends on the proficient wilderness estimation metric, which implies that our model is beneficial at whatever point the Win Rate is more prominent than 60%. All techniques of our AI Trading framework look for stable returns and adequate outcomes to accomplish a normal return of 40% every year (APY), without the utilization of high influences.
We comprehend that what is important in forex trading is the conclusive outcome. Along these lines, the financial specialist needs to consider that Win Rate isn’t generally the best measurement to gauge execution in forex, as other signals suppliers unveil. For example, out of 100 exchanges, it is conceivable that lone 1 exchange is sufficient misfortune to make the 99 exchanges not productive. For this situation, the Win Rate would be 99%, yet the conclusive outcome would be unfeasible (negative).
We center around the arrival of 40% of APY and not simply on Win Rate.
It is basic to see that forex brokers may charge spreads, commissions, and overnight expenses in your trading account, and these elements can influence the AI execution. You can check our forex trading history to see more about AI Trading execution by clicking here.
How much do I need to trade forex with AI?
You can begin in forex trading with free AI signals or AI Trading records and make a store from only $1 in the broker. It is likewise conceivable to test utilizing a hazard-free practice account with our AI Trading framework. In any case, to do a proficient hazard the board in genuine records, we recommend you start from at least $100. Notice that some forex brokerages require diverse starting stores to trade forex.
What is the trading strategy of our AI?
Our AI strategy is the mix of various AI Trading frameworks, with more than 100 features, that characterize 40 distinct strategies which at the same time consider: Quotes of the 28 forex pairs, Supports, and Resistances in various time periods, Trends and Counter-patterns, Cross-markers, Index of each pair, Economic Calendar, Investors Sentiment.
Our AI examines those fundamental, technical, and sentiment factors that influence forex trading, and all models are assessed continuously utilizing various loads. In the wake of finishing the investigation, the decision of the signal emanation technique is made considering the improved probability of momentary benefit and the sum accessible for speculation.
Using technical analysis, our calculation considers not just the examples of different patterns, including backing and obstruction levels and cross-pointers, yet our AI is likewise ready to make its own ongoing record for every money pair, that is utilized to distinguish what is the best course and target.
Comparable to fundamental analysis in forex, the AI makes a connection inside the financial schedule to discover news information that can influence explicit cash sets.
- With an average daily volume of $6 trillion, the forex sessions are from Sunday at 5:00 pm Eastern (ET) through Friday at 5:00 pm ⏰.
- It’s important to note that the Forex market is traded on various financial markets throughout the world and these markets are only open during parts of the 24 hours day.
- Wiseinvest provides the best AI trading solutions to invest in forex. You can trade automated from just $1 through partner brokers with AI trading or manually with AI forex signals in the forex broker of your choice.
- You can invest in forex with automated AI trading or AI forex signals for free.
Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.
The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. FXCM warns that 74.74% of retail forex traders lose money trading CFDs.
The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.