Last update 2020.08.11
It’s commonly understood that the Forex market is open 24 hours a day from Sunday at 5:00pm Eastern (ET) through Friday at 5:00pm Eastern (ET).
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. 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 to 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 8:00am – 12:00pm when both the New York and London markets are open and the highest volume of trading happens during that time.
High market liquidity gives the individual trader an edge in that it reduces the cost of the spread. Illiquid markets can still be traded but the higher spreads do create a sort of headwind to success by increasing transaction costs, such as spreads. For a trader making multiple trades a day, these increased transaction costs are not insignificant.
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.ai simplifies this process. It’s AI takes all these datapoint and many others into account before trade automated in your forex broker account. It is also possible investing 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 has 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 makes 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 way to trade forex
There are two ways to invest with our AI in forex:
1. Automated with AI-Trading. Check out the 3 steps to trade automated with our AI.
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.
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 and you can monitor the AI trading performance directly on our dashboard.
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, in order 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)
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.
- 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 your Wiseinvest dashboard.
- Copy the signals that we will send to you via email and paste you’re your Brokerage account.
The forex signals are sent every time that our trading system powered by Artificial Intelligence (AI forex system) identifies a new trading opportunity.
When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate or change the leverage in your forex broker account. Learn more about leverage in forex trading clicking here.
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. The forex broker Fxcm warns that 69.66% 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.