Choosing the best trading hours on Olymp TradePosted by Olymptrade Guide on December 29th, 2020 Time is undeniably important. It plays a crucial role in your success because when trading currency pairs on Olymp Trade (whether it is CFD or option) you need to choose the time in conjunction with a currency pair. The hours of currency markets opening varies in different time zones. The main four financial centres are Sydney, Tokio, London and New York. Some are open in the mornings, some in the afternoons or evenings, according to your time zone. When you know on which market you are going to trade, you need to define its opening hours. If you’d rather trade when the volatility is high you should choose hours when connected country’s economy financial market is open. If you would rather trade on small movements, then you should choose less active hours for the chosen currency pair. You need to keep in mind that the currency pair as a financial instrument is always made of two currencies. Every currency is connected to their countries economy. So, as a rule, you can expect higher volatility when the financial market in a particular country is open. In this guide, you will find all the information you need in order to select the best hours for trading on Olymp Trade. Keep in mind that I am using 00 GMT time zone (London time.) 4 main financial centres and their opening hours Here are the times when the main financial centres are open (we are using 00GMT time zone):
Are you an early bird or a night owl? If morning trading is something that suits you best (from 5 am to 12 pm) here are the currency pairs for you: Currency pairs with average volatility: USD/JPY, USD/CHF, USD/CAD If you would rather trade in the afternoon (12 pm to 7 pm): Currency pairs with average volatility: AUD/USD, NZD/USD If you are a night owl and late trading talks to you (from 7 pm to 5 am): Currency pairs with average volatility: EUR/JPY, NZD/USD, USD/JPY, USD/CHF, USD/CAD, GBP/USD, GBP/JPY, EUR/USD, EUR/GBP Time is crucial. You ought to define a time period that matches best your trading strategy. So just to illustrate this, if markets with high volatility are something that suits your plan best, you should aim at the time period from 12.00 GMT to 19.00 GMT. Now you know how to choose the right time for trading on the Olymp Trade Platform. Don’t wait too long to put the theory into practice. But better safe than sorry. Try your new skills on your demo account first. Then you are ready to make your real trade. Wish you luck! Like it? Share it!More by this author |