When to trade?

[uksoundz]

Hi,

I've been doing extensive reading and after trading a demo account using pocrels excellent pinbar system, ive decided to demo some more!!! (want to make sure I'm 100% ready before I stump up real money)

Anyway I've been on holiday and traded between 9-4:30 as this seems to be a great time and a tine frame recommended by many people.

My question is when I go back to work I work these hours and don't arrive home until 6pm, I understand that the forex markets are 24 hours but are they liquid enough after 6 or 7pm uk time?

I currently trade the major pairs, gold, Brent,wti and major indicies.

Any advise would be great.

Thanks
Paul

 

[Ultimatus]

prime trading hours are london open 8am - 11am and us open 2:30 - 5pm/6pm

after that, you have US close 8pm -9pm, sometimes some trades come up then it depends on the action during the day, but don't expect much.

perhaps you could trade daily charts instead? or there is the asian session overnight, never traded it myself as I'm sleeping lol.

 

[ichi]

actually a lot depends on your preference. If you are one who wants to get the most out of volatility, then the opening/closing hours are better for you. Otherwise, you can do "scalping" on lull hours. ie, making use of small pips ups and downs to earn your keep. Or if you are on long term , then i guess whether the hours are opening/closing doesn't really matter...

 

[forker]

Experiment and you will find your routine.