I've recently received an email from a recently retired businessman who is intending to spend 3 or 4 hours a day trading the FX markets, and just wanted to know which hours of the day are the easiest to make money.
I may have answered this question before on my blog but I thought it was worth another mention anyway. The very best session to make money (on a short-term time frame) is between 08.00 and 12.00 GMT in my experience. If you focus your attention on the GBP/USD and EUR/USD pairs during this time then you will have ample opportunities to make some decent returns.
So why is this the best time?
Well for a start you can concentrate purely on technical analysis because apart from the occasional announcement at 09.30, there are very few external factors than can influence the markets during this time. This is not the case a few hours later when the US market opens and the big market-moving data releases are made, which can render your technical analysis completely useless.
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