Best Time For Trade In Forex

Best Time For Trade In Forex

Traders in India should at least have a minimum idea about the best time to trade that could correlate with the Indian Standard Time. Even though forex opens all the time, some times do depict better conditions than others.

1. Indian Forex Market Hours (9 am - 5 pm IST): In the Indian time, these hours are the gateway to trading the currency pairs that involve the Indian Rupee. These nine hours are a pretty less turbulent area than those in the major sessions around the world. The major pairs here are USD/INR and EUR/INR. The news, as well as the market sentiments in the locale, has a strong impact on the INR pairs all through these hours.

**2. Overlap of London Session: 1:30 PM - 10:30 PM IST This time bracket is truly useful for the Indian traders because, with the intersection of the London session and the Indian market, the liquidity and volatility increase, enabling them to achieve better opportunities for trading major currency pairs like EUR/USD and GBP/USD.

**3. New York Session (1:30 PM - 10:30 PM IST): The New York session is still a pretty important session for trading even after the London session. Major economic releases and market fluctuations during this session can ensure proper movement for USD pairs, thereby making this period pretty ideal to capture the Price Action.

With these sessions acting as pointers, traders in India are bound to be more aware of the prevailing market and its fluctuating tendencies and hence better at their own strategies.