Ah, the age old debate about when to trade on olymptrade. There is no single answer to this question. The same applies to the question of which asset to trade discover more here. Don’t worry, trading buddies. I’m here for you to navigate the complex waters of trade timing.
To get started, the market is open all year. Trades can be made at any hour of the day or night. You don’t have to trade just because you are able. Timing of trades is a key factor in your ability to make a significant profit.
A common strategy is to trade during the busiest times of the market. These times are usually when the financial centers such as New York, London and Tokyo have similar hours. It is easier for traders to start and close deals when the market liquidity is higher. There is more volatility because more market participants participate, which could result in more trading opportunities.
However, this doesn’t automatically mean that these hours will be the best time to trade because the market is busiest at those times.
Making a living from trading is difficult. This is especially true when trying to balance a full time job, a family and other responsibilities. Even if you are unable to trade during peak market hours, it is not impossible.
An additional strategy is to trade at odd hours. The market can still be active, even though there aren’t as many opportunities for earning during certain times. You may find it easier to execute deals if there are fewer traders available during the off-hours.