Forex trading success does not rely only on the best forex trading system. You also need to know when is the best time to trade. You need to know which forex trading hours are the busiest and the slowest.
The most active trading hours of the market are when the European and American markets are both open and overlapping. This time is from 13:00 to 16:00 UTC or 8.00-11.00 EST. If you are looking for liquidity and volatility in the market, these are definitely your peak hours.
This is when the shortest traders or scalpers in the forex market enter and trade. There is enough volume in the market, there is enough news, and frankly, there are enough traders to move the market really strong. Almost all major movements take place during these hours. This is because the US and UK markets account for more than 50% of all market transactions.
The slowest periods in the market are naturally after the European and American markets close and the Asian and Australian markets open. Asian markets are open at 20:00 EST, and Australian markets are open at 19:00 EST.
Thus, the markets in the US are very slow after closing from 16:00 EST to Asian markets opening at EST 20:00. If you are a more position trader, it may be a good time to enter if you want to enter the market from a longer perspective.