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Session

EUR/USD

GBP/USD

USD/CHF

USD/JPY

Tokyo

66

79

100

66

London

80

99

121

74

United States

67

78

101

60

You can see that the London session returns the most pips.

Day of the Week

EUR/USD

GBP/USD

USD/CHF

USD/JPY

Sunday

24

31

36

25

Monday

92

110

141

95

Tuesday

102

128

162

104

Wednesday

101

123

158

106

Thursday

83

98

121

77

Friday

80

96

117

72

These are the worse times to trade:

Fridays: Fridays are very unpredictable. This is a good day to trade if you want to lose all the profit you made during the rest of the week.

Sundays: There is very little movement on these days. Trade this day if you want to start off your week with NEGATIVE pips.

Holidays: Banks are closed which means very little volume for whatever country is having the holiday. Holidays are great to trade when you would rather lose your money than take a day off and enjoy the other finer things in life.

News Reports: No one really knows where the price will go when a news report comes out. You could lose a fortune trading during news releases if you don’t know what you’re doing. Price acts like a drunken monkey during these times and become unpredictable.

If you can’t trade the best times, try these suggestions:

  • Move to a better time zone. Move to London preferably. Sure you’d have to pack up and start a whole new life, but hey, at least you can trade right?
  • Trade at work (be sure you have some “real” work ready just in case your boss sneaks up behind you and asks what you’re working on). I also recommed you master the ALT-TAB key combination (if you use Windows) so you can quickly switch windows at a moment’s notice. This option can be the ultimate perk because your employer is basically paying you while you trade forex. Gettin’ paid while gettin’ paid if you know what I’m sayin’.
  • Become a swing or position trader. As a swing/position trader, you won’t have to constantly monitor the markets and you can check or look at them when you get off work.
  • Trade a different session even if it’s not the busiest one. If you can’t trade the London or U.S. session, then trade the Tokyo session.  However, you should be disciplined and trade it every day.  You will start to learn how it moves and can develop strategies that are specific to that session.
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