How to Choose the Best Trading Hours in Olymp Trade

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If you’ve been trading FTTs for some time now then, you already know that timing is everything.

Be it setting the trade expiry period, or choosing the best trading hours; everything matters.

There is no shortcut. You are either wrong or right.

Personally I can’t tell you how many times I have lost really profitable trades just because I couldn’t pinpoint the right hours to trade.

During my early days, sometimes I would set higher expiry periods and my trades missed the target. It doesn’t mean I was wrong. No. I mostly like to think that I lost because of the timing.

Now, you don’t have to repeat the same mistakes I have made in the past. And you certainly don’t have to lose so much money to learn that not every trading hour is a good trading hour.

That said, I have compiled this article to guide you through the process of deciding on the best trading hours on Olymp Trade.

Why should you pay attention to this?

Here is why:

Some traders love placing short-term trades, while others like riding the prevailing trend towards the sunset.

It doesn’t really matter which group you’re in; as long as the market is volatile enough when you are in the action, you will make some money.

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But how do you tell if the time is right to start trading?

For that, you’ll need a plan on when the markets are open so you can easily determine whether to go in during the time when the market is turbulent or if to wait until everything calms down.

One more thing:

If you are going to trade currency pairs, you need to pay attention to it. Because each currency in the pair is tied to its country’s economy. For this reason, you should expect high volatility when the financial markets in these countries are open.

Why so?

Well, the high volatility could be attributed to the activities of the day such as news, economic reports being released, and traders engaging in the markets.

Trading time zones on Olymp Trade.

Every trading session is only open for 9 hours a day. But you realize that all of them do not open at exactly the same time. They overlap. As a result, the markets are open for 5 days a week and you can trade 24 hours shifting from a session to the other.

How?

Because of the difference in time zones, all these markets overlap or start almost immediately after the other one is closed.

Based on this fact, you will notice four trading sessions in Olymp Trade:

1. European session

The financial markets falling on this time zone open from 06:00 am and close at 03:00 pm UTC.

And financial centers falling under this time zone include:

  • Frankfurt Germany.
  • Zurich Switzerland.
  • Paris France.
  • London in the UK.
  • Russia.

If you are looking to capture turbulence in the market, here are currency pairs perfect for high volatility falling under this session on Olymp Trade: EUR/USD, EUR/RUB, USD/RUB, USD/CHF, USD/CAD, GBP/USD.

Due to their high volatility, they work best for news trading.

Additionally, if you prefer small movements in the market, you are not left out.

Here are currency pairs with medium volatility: AUD/USD and EUR/CHF. With the two groups, you can easily use candle colors or follow trends to open winning trading positions.

2. American Session.

The trading period here is between 01:00 am and 10:00 pm UTC.

As such, the market in New York overlaps with both London (Europe session) and Tokyo (Asian session).

  • New York and
  • Chicago market centers fall under this session.

And if you are looking for high volatility pairs under these markets, here they are USD/CAD, EUR/USD, USD/CHF, and GBP/USD.

If you decide to trade any of the above pairs, you should hold the position between 15 to 180 minutes. Also, they are the best for riding trends.

For medium volatility traders, here are assets you can profit from: EUR/CHF, USD/JPY, AUD/USD, Brent, Gold, and Silver. If you do choose any of these assets, consider holding the position for up to 15 minutes for better results.

3. Asian session.

Love trading at night?

This could be it for you because the financial markets here between 00:00 am going on till 09:00 pm.

These financial capitals fall on the Asian time zone

  • China (Hong Kong).
  • Singapore.
  • New Zealand (Wellington).
  • Japan (Tokyo).

USD/JPY and EUR/JPY can be your go-to currency pairs if you are looking for high volatility in the market.

On the flip side, at such times, GBP/USD, EUR/USD, AUD/JPY, and USD/CHF are perfect for scalpers looking to enter and exit quickly.

Wrapping up on Best Trading Hours in Olymp Trade.

Based on these trading sessions, you can map up your day and decide whether you wish to trade in the morning, afternoon, or at night. And what asset to pick depending on your preferred level of volatility.

And don’t forget the currency pairs are connected to the country’s markets. As such, trade when they are open not to miss out.


*Risk warning:

The information provided does not constitute a recommendation to carry out transactions. When using this information, you are solely responsible for your decisions and assume all risks associated with the financial result of such transactions.
 

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