When To Trade?: With High volume & liquidity
The 1st eight hours of a brand new session has three negatives you should be aware of, which are high spreads, low volume and low liquidity. Same with last four hours of a session, after London session closes and New York is only session open- low liquidity and low volume.
These above 12 hours everyday are times- you should not be trading.
Forex trading is easier to do if you are scalping and/or day trading with high liquidity and volume (both give you momentum) for your trades to hit your target(s)- if you have right risk control, pair, price, session and timing. Always, make a plan and trade plan.
The 12 hours noted on chart has the basic volume indicator at bottom (that is all you need to be aware of in Forex trading- related to volume)- are from the 9th- 1hr candle to the end of 21st- 1hr candle (end of London session)- is when you should be looking for set ups to trade. Specially, if you scalp or day trade everyday.
These above 12 hours everyday are times- you should not be trading.
Forex trading is easier to do if you are scalping and/or day trading with high liquidity and volume (both give you momentum) for your trades to hit your target(s)- if you have right risk control, pair, price, session and timing. Always, make a plan and trade plan.
The 12 hours noted on chart has the basic volume indicator at bottom (that is all you need to be aware of in Forex trading- related to volume)- are from the 9th- 1hr candle to the end of 21st- 1hr candle (end of London session)- is when you should be looking for set ups to trade. Specially, if you scalp or day trade everyday.