Right Time to Trade in Forex

[bangcool]

@ Jinx - That right, only trading when we're in good mood. This will help us to control our emotion. When we have some problem, I'm really sure we will mess with our trading style. We can't think clearly. It is better to take some deep breath when we have a problem and turn of our computer after close all our open position in forex trading.

[nahiyar]

Some traders are saying that, we should trade only if we are in good mood, and free of emotions.but, I don''''t agree with them.The emotions are related with the loss.So, even if we are in good mood.but, if we faced some loss during trading, so we must become the emotional.In my view, good mood before trading has no relation with the good trading strategy and profits.

[andry777]

Some traders are saying that, we should trade only if we are in good mood, and free of emotions.but, I don''''t agree with them.The emotions are related with the loss.So, even if we are in good mood.but, if we faced some loss during trading, so we must become the emotional.In my view, good mood before trading has no relation with the good trading strategy and profits.

Maybe it is possible if we became emotional although we are in good mood in the first time but if we are in bad mood from the first time, usually our analysis won't be nice. Mostly traders who did trading in bad mood, they oftenly faced losses than profits because they couldn't concentrate well when they made analysis. It's my opinion...

[nehmer]

It also depend on my free time of the day. If I can take a day off and spend it to sit before my pc then I guess I will put on a trade whenever my chart telling I must do that because I can manage the trade and manually close it if it does not go as expected to reduce the risk to my account.

Its right that you just trade forex when you feel like it not that day that you are forced to trade because it is a necessity that you must do all the time right? I think we need to spend a good time with our family sometime.

[chuna1985]

@ Nehmer : That is right, we need to be able to spend time with our family and not trade forex at all times. This means that we should target only the best moments to open and close trades.

[nehmer]

@ Nehmer : That is right, we need to be able to spend time with our family and not trade forex at all times. This means that we should target only the best moments to open and close trades.

doing trading even if we are stress will just make it all worst I think we need to get responsible also for our body that is the only thing that can help us when we need to get more money if we do not take care of it it is just good for nothing.

[andry777]

@ Nehmer : That is right, we need to be able to spend time with our family and not trade forex at all times. This means that we should target only the best moments to open and close trades.

The right time to open and close position is important in forex so we didn't overtrading and we knew when is time to start trading or exit from trading. Usually traders will have the best time to run their strategy and it will be different one each other. We didn't need to spend all of our time in trading to gain high amount of profits but we must take advantages condition which is profitable for our style.

[Jinx]

Some traders are saying that, we should trade only if we are in good mood, and free of emotions.but, I don''''t agree with them.The emotions are related with the loss.So, even if we are in good mood.but, if we faced some loss during trading, so we must become the emotional.In my view, good mood before trading has no relation with the good trading strategy and profits.

If you can't control your emotion, than you won't make money in trading. To be called a trader, someone has to be able to lead his own action by his head and not by his heart.

[nahiyar]

If you can't control your emotion, than you won't make money in trading. To be called a trader, someone has to be able to lead his own action by his head and not by his heart.

Ya, we must be able to control our emotions during trading.we will have to trade in Forex using our head and mind, not our heart and emotions.There are always chances available in market to make profits, so if we face some small loss, we should not be emotional for it.We can recover our today loss by making profits tomorrow..

[chuna1985]

s long as our psychology and emotions are not ready, then we are not ready. I say this because even the forex experts have emotions and they register losses in their trades when they are full of emotions.

[nehmer]

Right time for me to trade is I wait for another candle to open in hr timeframe that way I would open and start my trade from there and sometimes I make sure that I trade when the news come especially now i know how to determine and analyze the economic data.

[nahiyar]

One more right time to trade to collect 50-70 pips at once is the weekend time.Every Monday, when the market opens, so it opens with the gap of more than 50 pips with the price of Friday end.So if a trader opens position at the Friday night end, so he can collect some fast and free pips.Generally, the market always opens dip from Friday price..

[JoeltonsInv]

One more right time to trade to collect 50-70 pips at once is the weekend time.Every Monday, when the market opens, so it opens with the gap of more than 50 pips with the price of Friday end.So if a trader opens position at the Friday night end, so he can collect some fast and free pips.Generally, the market always opens dip from Friday price..

It has been like this in recent times but you can't count on it because state of the fundamentals are the reason behind it and will change as soon as the constraint are no longer there.

[andry777]

One more right time to trade to collect 50-70 pips at once is the weekend time.Every Monday, when the market opens, so it opens with the gap of more than 50 pips with the price of Friday end.So if a trader opens position at the Friday night end, so he can collect some fast and free pips.Generally, the market always opens dip from Friday price..

I don't know with others, but for me that is so hard to gain 50-70 pips in a transaction. In my experiences, I oftenly got only 40 pips and 50 pips as maximum numbers of profits in pips when I tried to get high numbers of pips in one transaction. So it's better to consider again to gain that much numbers of pips in a transaction.

[nehmer]

One more right time to trade to collect 50-70 pips at once is the weekend time.Every Monday, when the market opens, so it opens with the gap of more than 50 pips with the price of Friday end.So if a trader opens position at the Friday night end, so he can collect some fast and free pips.Generally, the market always opens dip from Friday price..

the gap really frightens me because of the huge pips given sometimes in that time that is why i close all the trades in friday and just wait a little more in monday before enter its better to be safe than to be surprise with huge losses

[Hoang Long]

doing trading even if we are stress will just make it all worst I think we need to get responsible also for our body that is the only thing that can help us when we need to get more money if we do not take care of it it is just good for nothing.

Yeah, no reason to trade when we do not in good condition, it's bring loss to our account in that case. Right time to trade Forex is important so we can take advance of the market but get ourselves ready is important also, always trade with sharp and fresh mind, otherwise leave the market altogether.

[JoeltonsInv]

I have come across a very profitable strategy, in fact my mentor only trades that way these days, but problem I have with it is in its timing! The system is most profitable during the early hours of the day, by which time sleep had taken the best of me!

[BillyG]

well based on what i have been reading at babypips they said the best time to trade is when 8am gmt as it is advisable to trade from then till the new york time as it is these periods that has the highest activities and also the best trading days i learnt is tuesdays,wednesdays and thursdays

[andry777]

I have come across a very profitable strategy, in fact my mentor only trades that way these days, but problem I have with it is in its timing! The system is most profitable during the early hours of the day, by which time sleep had taken the best of me!

It is good to learn from other's method, especially your mentor so you can trade as good as him/her. We must be able to take advantages in each condition and it's important to make better analysis so we can gain higher possibility of profits.

[nehmer]

Yeah, no reason to trade when we do not in good condition, it's bring loss to our account in that case. Right time to trade Forex is important so we can take advance of the market but get ourselves ready is important also, always trade with sharp and fresh mind, otherwise leave the market altogether.

A nice good sleep is very important we do not want to see the market as a burden of stress plus up and down movement is very clear in and tiring to the eyes at least with 8 hours of sleep we can make good in our trades.