If you are trading on the currency pairs on IQ Option which is forex, option, or digital option then the time which you will choose will play a huge role in your success. As there are four major forex markets i.e; Sydney, Tokyo, London, and New York so, depending upon the time zone some will open during the morning, afternoon, or evening.
So, if you want to make a profit from the right market conditions, it will be necessary to consider the timing when a particular market is open. Consider an example, when markets are highly volatile and if you prefer that market to trade then there are specific trading windows in all currency markets that allow you to trade. On the other hand, if you prefer ranging markets where entering short positions is possible, you can easily predict the time windows when this happens.
Keep reading this guide if you want to learn how to choose the most suitable trading hours when trading on IQ Option.
Note that I’m using the 00GMT time zone (London time).
Times when currency markets are open in the 4 major markets
All the major markets are open for 9 hours. The main thing about this is that the London market overlaps with both the Asian (Tokyo) and American (New York) markets and when the New York market closes, Sydney markets open and this makes the currency market runs for 24 hours 5 days a week.
Asian session: From 9pm to 8am GMT. This includes the 2 hours where the Tokyo markets remain open after the Sydney markets close.
London session: From 7am to 4pm GMT.
New York session: From 12pm to 9pm GMT.
What time suits you best?
Every trader has their preferred trading time. Many traders prefer to trade in the morning whereas others in the afternoon and some prefer to trade late at night.
If you prefer trading morning hours to noon (5am to 12pm)
Currency pairs with high volatility: NZD/USD, EUR/JPY, GBP/USD
Currency pairs with average volatility: USD/JPY, USD/CHF, USD/CAD
If you prefer trading afternoon hours to early evening (12pm to 7pm)
Currency pairs with high volatility: EUR/JPY, USD/JPY, USD/CHF, USD/CAD, GBP/USD, GBP/JPY, EUR/USD, EUR/GBP
Currency pairs with average volatility: AUD/USD, NZD/USD
If you prefer trading late evening into the early morning (7pm to 5am)
Currency pairs with high volatility:AUD/USD
Currency pairs with average volatility: EUR/JPY, NZD/USD, USD/JPY, USD/CHF, USD/CAD, GBP/USD, GBP/JPY, EUR/USD, EUR/GBP
For a better understanding about the volatility of different currency pairs during specific time intervals, take a look at the following 10 charts.
You need to identify a time interval that best suits your trading strategy for making money trading currency pairs. For example, if you prefer trading when markets are highly volatile, the 12.00 GMT to 19.00 GMT time frame offers the best trading window.
As of now, you have learned how to select the best time to trade on IQ Option now you can apply these skills today on your demo account.
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