For example, the Gold pair would give good trading results between - GMT when two market sessions of Europe and USA are open. This means that the lion share of financial transactions is happening between the London session and US sessions. Naturally this is the best time to make profits trading the online markets. The Gold prices moves a lot during the New York and London Sessions because Multinational companies, hedge funds, managed funds and banks are open for transacting financial instruments such as Gold metal, currencies and CFDs.

Multinationals will transact currencies during this time to facilitate international business transactions and commerce, hedge funds and managed funds will trade currencies, Gold metal, Oil and CFDs for investment purposes, banks on the other hand will exchange a lot of money on behalf of their clients, and also trade financial instruments such as currencies, Gold metal, Oil and CFDs for investment purposes or for speculative purposes.

Banks will also transact currency transactions on behalf of tourists wanting to travel around the globe or just anyone wanting to exchange money so as to buy something in another country or make some international transaction. This makes the online market very liquid at this time and the high volume of financial transactions means that Gold prices move a lot.

At this time the Gold prices will generally move in particular direction and form a short term trend. As a trader you also want to join in and trade when everyone is placing their orders because this is the time there is enough liquidity and many good opportunities to make money trading Gold, and because there is a lot of liquidity the market movement will generally be more predictable unlike when there is little liquidity and the price movement becomes unpredictable and the prices can move in a range bound with no particular direction.

Once you trade Gold for a while you will get to know that is easier to make money when the market is moving up or moving down when there is a trend, unlike when it is in a range.

The market is likely to be trending during the busiest market times - which makes these times the best times for trading Gold. Learn Gold Trading Gold Trading Strategies XAUUSD Technical Indicators MT4 Gold Trading Platform How To Open Account. Please read and understand our Risk Disclosure Contacts Cookie Policy Privacy Policy Risk Disclosure. Gold Trading Market Hours and the 3 Major Gold Trading Sessions The online Gold trading market is a 24 hours market; it opens on Sunday night 5 PM EST and closes on Friday afternoon 4PM EST - open 5 and a half days a week.

Online Financial Market Trading Hours These are the busiest trading times when it comes to trading financial instruments because these are the times when the major financial institutions and major banks in these cities are open for business. The 3 major trading sessions are: Asian Session Hours Tokyo : - GMT European Session Hours London : - GMT U. You can check out our number one rated gold trading robot here. Your email address will not be published.

Save my name, email, and website in this browser for the next time I comment. We respect your email privacy. Different Ways to Trade Gold Markets There are three principal ways to trade the gold markets: spot, futures and options trading and they each have a slightly different time zone for trading.

These forms of trading can be summarized as follows:- Spot trading — this is the most straightforward form of gold trading and involves just buying or selling gold at the current live price.

Some brokers will offer spot gold trading — it is normal to do so in Europe but not usually in the US. For American traders to trade spot gold they may want to look at opening an account with a company abroad, presuming of course it is legal to do so for US citizens. Futures trading — this involves agreeing to pay a price today for gold to be delivered on a future specified date. However, in the vast majority of cases these days traders are not looking for the physical delivery of gold but merely a contract they can buy and sell online, aiming to profit from speculating.

Again, most online brokers allow the buying and selling of gold futures contracts. In the UK this can be done via CFDs and spread betting. Options trading — gold options are another of way of speculating on the future price of gold. In general the times you can trade gold are as follows:- Spot trading: Sunday — Friday Futures trading: Sunday — Friday Options trading: Monday — Friday If you are a regular forex trader you will note these times are fairly similar to the forex markets.

What is the Best Time to Trade Gold? Related posts:. Forex Gold Investor - Results Update.

Investors should be aware of the best time to trade in order to trade successfully. Even though the market operates twenty four hours on a daily basis, traders must be aware of the best times for engaging in trading for best results. Alternatively, they must also be aware of the specific timings when it is better to avoid trading. Read on to find out the ideal times for engaging in day trading and also determine the day of the week that is highly productive in terms of trading.

The forex market is global in nature, which is precisely why traders place their orders or trades in different time zones. This is one of the major reasons why the market operates on a 24 hours basis. The fx market has its own specific timings and traders must stick to these trading hours if they truly intend to earn attractive gains.

Typically, trading activities as well as liquidity is at its highest when two different sessions overlap with each other. It is during these moments that traders, around the world engage in trading, thereby resulting in an increase in trends and market movements. Busiest Trading Session: The European or London session is considered to be the busiest trading session. Best hours : The best hours for trading are when the major trading sessions overlap with each other.

For instance, traders must place their trade orders when the London and New York sessions overlap with each other. In their bid to avoid getting confused by these different trading hours or time zone, traders around the globe use a common time frame Greenwich Mean Time for reference purpose.

Since New York and London are two of the busiest trading sessions, traders can expect to see liquidity at its highest as and when both the sessions start overlapping with each other. It is during these times that investors can buy different currencies, depending upon their investment strategy. A good number of professional and experienced traders regard GMT as the ideal time for trading. During this particular time period, London gears up for a close, whereas the New York market begins to gradually open up.

This results in huge swings in the prices of the currency, thereby providing traders with huge potential for earning profits. However, this also the period when the traders should remain careful as when the London session comes to an end, the market movements become choppy as well as unpredictable.

Similarly, when the London session opens up, it is usually extremely active as well as profitable since this session overlaps with the Tokyo session, wherein the latter is gradually coming to an end. Now that you are aware of the best hours for day trading , you must also have sufficient knowledge around the ideal days for engaging in forex trading. Remember, all the days in a week are profitable as far as forex trading is concerned and thus, as a trader you must know exactly when to engage or refrain from trading.

Mondays are usually slower, since the news and updates gradually find their way into the markets. However, that does not imply that you should refrain from trading during Mondays.

The ideal days for trading are Wednesday and Thursday. On the other hand, on Friday, the market is mostly active during the first half only. The bottom line is that you must trade in accordance with your trading strategy and rhythm. Signup for an account in just 1 minutes. PayPal or major credit card. Daily alerts to your phone, email or website account. Buy, sell and stop-loss points that are easy to follow. BLOG Articles which helps you to understand Forex Trading Home 06 04 The Golden Hours of Forex.

Forex Education , Forex Psychology , Forex Trading Strategies. The Golden Hours of Forex Trading-Everything You Need to Know Posted on June 4, May 20, by Sophia Mason. Share on Facebook Share. Share on Twitter Tweet. Share on Pinterest Share. Prev What are the key factors in Forex Markets? Forex Education, Forex Mistakes, Forex tips. Possible Reasons for Inconsistency in Profits in Forex Aug 28, Forex Education, Forex for Beginners, Forex tips, Trading Method.

What Causes Price Moves In The Forex Market? Jun 12, Forex Education, Forex for Beginners, Forex tips, Trading Tips. Forex Trading Tips Jan 21, Three Easy Steps To Start With Us. Sign Up Signup for an account in just 1 minutes. Receive Signal Daily alerts to your phone, email or website account. Take Profit See how your investments grows. GET STARTED.

Three Easy Steps To Start With Us. by JustMarkets , Partnering with Forex Hero and Three Investeers. Best hours : The best hours for trading are when the major trading sessions overlap with each other. The online Gold trading market is a 24 hours market; it opens on Sunday night 5 PM EST and closes on Friday afternoon 4PM EST - open 5 and a half days a week.

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