korsaan, when to trade Forex for the most success

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Hi  korsaan,

 

In last weeks email we told you about the importance of learning from others in your quest to become a profitable currency trader. Well, this week we will tell you when to actually trade the market to earn the biggest profits.

We all know by now that forex is a highly dynamic market with lots of price swings in a single minute. This characteristic allows you to enter the market many times a day and gain some profit from the trades.

You can easily find out an appropriate time to enter into the forex market when the activity or the volumes of transactions are the highest. When we consider the working hours of the market, we must remember three facts:

• There are three major markets -- London, New York, and Tokyo

• The working hours are throughout the day - it starts from Sunday 5pm (EST) through Friday 4pm (EST).

• Like any other active markets, there are good times and bad times to trade in forex also. Choosing to trade when the market is at its best can increase productivity and generate significant financial benefits. It will be wise to assume that trading intermittently throughout the day will produce the best results.

Forex Trading activities are found to be heaviest when major markets overlap. Statistics says, nearly two-thirds of New York activity occurs in the morning hours when European markets are also open. So you can figure out that at any given time, somebody somewhere in the world is buying and selling currencies.

Let's find out quickly what are the overlapping timings:

* New York Market trade times: 8am - 4pm EST
* London Market trade times: 2am - 12Noon EST
* Great Britain Market trade times: 3am - 11am EST
* Tokyo Market trade times: 8pm - 4am EST
* Australia Market trade times: 7pm - 3am EST

Without a doubt these are the best times to trade since the sheer volume of trading that is happening will mean that currency values move much quicker and more drastically than at any other time. If you are trading wisely at these times then you will be on course for some serious income!

Remember, if you haven't already done so you should check out the Forex Mentor training course  by clicking here. The course will help you formulate your own strategy around these market peaks and ensure you maximize your profits.

Good luck and happy trading!

The Instant Forex Income Team

www.instantforexincome.com

15 Newstead Court, Somersby Road, Nottingham, Notts NG5 4NF, UNITED KINGDOM

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