Best Time To Trade Forex in Singapore
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Forex trading is one of the most active and fascinating approaches to interacting with the world’s financial markets. Knowing the ideal times to trade will help Singaporean traders increase their probability of success. Knowing when to start and stop trades for the best results is crucial, given the Forex market is open around the clock, five days a week. With consideration for market hours, trading sessions, and techniques meant to improve trading performance, this article will investigate the best times to trade Forex in Singapore. Forex Market Hours Explained The Forex market is unique in that it operates continuously across different time zones. The market opens on Sunday at 22:00 GMT and closes on Friday at 22:00 GMT. This translates to a trading window from Monday at 06:00 SGT to Saturday at 06:00 SGT for traders in Singapore. The market is divided into four major trading sessions: Sydney Session: Opens at 06:00 SGT and closes at 14:00 SGT. Tokyo Session: Opens at 08:00 SGT and closes at 17:00 SGT. London Session: Opens at 16:00 SGT and closes at 00:00 SGT. New York Session: Opens at 21:00 SGT and closes at 06:00 SGT. The Best Times to Trade Forex in Singapore 1. Overlapping Sessions The overlaps between these sessions define the most active trading intervals. For traders especially, the overlaps between the Sydney and Tokyo sessions and the London and New York sessions are rather beneficial. Here’s a breakdown of the overlaps: Overlap between London and New York takes place from 21:00 to 00:00 SGT. Given that two of the main financial hubs work concurrently, it is regarded as the busiest trading period. Tighter spreads and more volatility follow from this overlap, explaining a sizable share of daily trading volume. The increased activity allows traders to carry better-priced trades. Sydney and…
Filed under: News - @ October 4, 2024 5:11 am