Is there a best trading period for day traders?

Hi guys,

Am I right to say that it is best to do day trading when both the London and New York sessions are opened concurrently? How about during the Asia and Pacific hours when Sydney and Tokyo are opened? Does it matter at all which session it is as long as there is a good set up? Thanks.

1 Like

Yes 2:30-4-30 GMT the markets are usually at their most active.Though you probably answered your question with your last sentence.What’s relevant is the spread wider on most trades during Asian hours .

3 Likes

Every trading feature has its own features, for example Asian session tends to follow the mood of previous NY session if there was a sharp move or change in sentiments (a kind of contagion). In other words they tend to correlate sometimes and it can be possible to spot ahead and trade it. London and NY session overlap tends to bring traders best trading conditions - fast execution, low spreads, lots of technical levels playing out as well as various events that make the time of overlap busy trading. Basically the difference between sessions lies in difference of activity of majority of traders

1 Like

This is really interesting but yes NY session tends to give out the better trading conditions. But then again, it depends on broker’s sometimes.

As you suggested, no matter when you trade you want to find the best lowest risk trades.

3 Likes

Thank you guys for your replies. If anyone has any further comments on this, please feel free to post it here.

The ideal time for intraday trading is the first one & half hours after the market opens, and the last one & half hours before the market close. There is no Best Time to trade Intraday. You have to find the best time yourself.

1 Like

Yes the overlap during the London and New York sessions is the best trading period.

It depends on the currency pairs you are trading.

Generally, its around the two major trading sessions. EU and US.

Look on the chart and see when the best times to trade usually are. If you expect your strategy / ideas to work in the future, should they have worked in the past?

The whole 9:30–10:30 a.m. ET period is often one of the best hours of the day for day trading, offering the biggest moves in the shortest amount of time, an efficient combination.
Shorter time frame charts reveal more detail, while longer-term charts show less detail. The one-minute and two-minute charts are especially helpful in assessing trends.

Use forex market time converter. You input your country and it tells you the trading times of the forex market with your time zone.

2 Likes

Yeah traders even pay attention if price could fix above/below some level during NY session and take it as a signal of confirmation. Looks like NY session is really important because of Dollar dominance as reserve currency.

1 Like

Yes, Dollar is very important currency as always.

As for me, during the day it is better to trade in the morning and in the late afternoon. In addition, it often depends on the trader himself, who himself understands when he is better off working.

08:00 - 12:00
13:00 - 14:30

London times

Yes it is often efficient to use your spare time for trading practice because it is important that nothing distracts you as well as you don’t feel pressure from unfinished tasks.

Usually most market activities occur during US and London trading times. So, if you need volatility for execution of your trading strategy than I would vote for these times during a day. Just remember to stay aside when important fundamentals are posted.

Between 2.30 and 4.30 the markets are the most volatile. But I think the timing doesn’t really matter. What matters is to look for the low-risk options. Using market time converter could be of help to you.

A lot depends upon the currency pairs that you wish to trade, and the strategy you apply. If for a particular currency pair, your strategy has worked in the past, there’s no reason why it woudn’t in the future. As for me, trading in the morning time has always worked in my favor.

London New York overlap has the best liquidity but regardless stick to your trading plan/setups