Now You Can Improve Your Chances to Open a Successful Trade

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Now You Can Improve Your Chances to Open a Successful Trade

22.09.2020 News

Your approach to trading matters. There are times when your trades have more chances to succeed. Try to build your trading plan around the periods with the highest liquidity and make sure to avoid the market in most dangerous times.

The Most Suitable Periods

Your ability to open and close trades at the best price depends on the current activity of the market. Obviously, this activity varies during the day, across the week, and even across the year. So what are these magic periods for trading?

  1. During the day. Most of the traders drop everything and open the majority of successful trades during the overlap of the European and American sessions. The Asian session shows the lowest activity so it should not be your number one choice unless you trade during specific news during this period.
  2. Across the week. Most of the currency pairs show the highest activity Tuesday through Thursday. It must be caused by the fact that not all traders jump right into trading after the weekend and prefer to close most of their positions earlier on Friday.
  3. Across the year. At the end of Summer and right before Christmas the liquidity on Forex begins to drop. These are not the best periods for trading currencies. If you still want to earn some money, you could switch to gold trading. The liquidity for this instrument at those seasons rises.

And that’s it! A few best and worst periods for trading with FXCLearing.

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