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well depends on which pairs you are trading on. Every pair has different time frames
It also depends on the currency pair that your trading on. If your trading Asian pairs, or even some of the NZD pairs (Sydney and Japan are only an hour apart) trade at GMT offset +9 and so on
y more llike trading on eropa and america session, because the volume and volatile is big. and more like trading on eurusd and gbpusd pairs
When is the best time of the day to trade and which days of the week should people trade on ?
well... the best time is to trade when all traders are trading and when volatility is big (spreads are small) - at London and NewYork session
NY- 8am - 5pm EST
London 3am - 12noon EST
Volatility slows down (spreads are increasing) during night during Asia Session, then night scalpers are activating. It's hard to trade on this market conditions.
Tokyo 7pm - 4am EST
Sydney 5pm - 2am EST
For me I for the most part trade in New York time session. I find this session more liquid than various sessions. Usually I follow my checklists and start to see the charts. If I find any set up I open the trade. If i don't find any set up according to my strategy and trading plan, I do not open any trade for that day. I am trading with FXPM because I like their trading platform. It doesn't requote while placing the order.