Which currency to trade during London trading hours -
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thread: Which currency to trade during London trading hours

  1. #11
    Junior Member PkrresIBZ's Avatar
    13
    London trading session is the most volatile session! So, you can use here any major currency pair exotic pairs also! I usually use all major pairs and Gold during London session!

  2. #12
    Junior Member paitu_96's Avatar
    28
    I have not ever used Gold during London trading hours however this time I rely on major currencies. I believe there is nothing better devoid of major pairs during this time period.

  3. #13
    expsito
    Guest
    I don't have any specific choice on London session; I am not concern about any trading session; I rely only my commerce quality! That's way, I just open my new commerce once I get fresh sign according to my system, trading session doesn't mean much to me!

  4. #14
    You can trade any device as long as theres enough volatility to satisfy the needs of your egy and as long as you find a good signal to trade.
    Exactly we all must agree with this as the London session has become the most volatile session to trade in my opinion.

  5. #15
    Senior Member M-apk's Avatar
    187
    quote Just most of us have to agree with this as the London session is the most volatile session to trade in my opinion.
    If you ask me, the New York one will be just as volatile. I don't have much of a comment on the Tokyo one because I have not observed it much because I am usually very tired or asleep if it opens.

  6. #16
    Junior Member elyiyi78's Avatar
    26
    At London session markets move randomly and as a newcomer I really don't like to exchange .because it is really difficult to calculate the actual faction of the market with certainly during this moment.

  7. #17
    Trade the tools you're more familiar with and you think you realize the most. The trading session doesn't really matter, provided that there is sufficient volatility and liquidity on the market.

  8. #18
    Member
    47
    1 Attachment(s) The choice of pair/instrument is driven by 3 key variables:

    1) Range
    2) Spread
    3) Time

    1 - I am often surprised to see how traders can doggedly stick with a pair since they 'believe' its a good pair but cannot qualify why when asked. The answer is simple. At a given period, typically 24 hours in FX the pair will proceed from a predetermined opening price, to some possible high and a possible low. With a few exceptions, the quantity of trading on every pair is roughly the same for every 5 day period.
    Thus, if I am to sit at my desk and stare at a screen, why do I pick a pair such as GBP/USD at the moment that has a 45 pip daily range for the previous five days?? This means if I trade to PERFECTION I am most likely to only observe a entire opportunity of 45 pips to generate, assuming of course I get in at exactly the perfect high/low. This is insanity.


    In this table (shot about 3 minutes ago) obviously the top 4 pairs such as GBPCAD, GBPAUD and EURCAD generate 400 pips over a 24 hours period. Absolutely no reason why you wouldn't trade these.

    Two - Spread, the cost of the trade. Again, I am blown away how traders just suck the spread from the broker. At this time on the top 3 pairs I just named above I am paying a spread of GC=1.4, GA=1.4 and EC=0.8. That is with a well funded account, and a company term with the broker about what's reasonable to cover. This takes the 'burn' out of a situation as I can easily account for the small cost of this trade. Quite how people can cover 10 pip spreads on a few pairs and really think there is a profit to be made will be a bit of a giggle. See my comment on range above.

    3 - Time. I read somewhere that roughly 70% of all FX transactions internationally happen throughout the London session. So, by extension, this will be the period of most activity. If you're outside of the EU region, just pull up a chart and take a peek at exactly what time the instrument you're looking at tends to proceed. Not hard. This doesn't mean that you want to stay with FX, take a look at commodities or even CFD's. They're just 'things' to your trading egy, whether or not it is a GBP or even a barrel of oil or a index.

    Thats my take.

  9. #19
    Senior Member M-apk's Avatar
    187
    It's possible to trade any device provided that there's enough volatility to fulfill the demands of your egy and as long as you find a fantastic sign to trade.

  10. #20
    Senior Member M-apk's Avatar
    187
    In London session markets go at random and as a newcomer I dont like to exchange .because its really hard to calculate the real faction of the market with surely during that time.
    I wouldn't state it moves at random unless there are news impacting the market. Usually there are fairly clear signals on the various charts and period frames.

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