There are 3 major markets in the Forex market:
New York market, London market, Tokyo market, if compared with the opening-closing time of Thailand time will be as follows
(In winter, the time in Thailand will be faster by about 1 hour)
It is not just about the Forex market opening and closing schedule, because each period has its own fluctuations. Or at times that are not normally present It also has issues that correlate to market conditions and trading strategies related to such opening and closing times.
Therefore, we can trade 24 hours a day, Monday – Friday. But should trade At the moment The trading in large quantities will include banks, import-export companies, multinationals. Various investment financial institutions Including various Hedge Funds
The best time to trade Forex is when the market is trading high. This is when the overlap or the opening market time overlaps each market, or when the Forex market opens at the same time And each of them is a big market such as Europe, London and USA from about 14.00 – 23.00 hrs. Will open all that market itself.
The non-trading period is the period when the US Forex market is closing, which is approximately 01.00 – 7.00 am. The market during this period is a market with very low liquidity. During this time
Another point to be aware of is US public holidays. It will be the day the bank is closed even though the Forex market is open for trading. But the liquidity or trading of USD is very thin, so these days are not suitable for trading either.
However, each currency pair has a different time. As a result, trading will be different at different times, so you should study one currency pair at a time. And gradually learn It will make it more proficient and make less mistakes when trading.