Thursday, 12 November 2015

The perfect Forex Time Zone

When I lived in Vancouver BC Canada I used to get up at 5am to trade the US Market and dreaded it.  Back then I thought South East Asia would be perfect, because the Asian Session would open in the morning, Europe in the afternoon, and US in the evening.  And it is but...

Having lived in Thailand now for 2.5 Years I realized while the time zone here is perfect, the hours don't chive with my lifestyle or better put, my life style in Thailand.   In the evenings, just when the US Market Opens up, is when most of my friends want to meet, go for dinner, play Badminton, or just relax because it's cooling down.

During my last visit to Europe, to my surprise, my lifestyle and trading had a great balance.  In fact I was busier with life than I was with trading, and my trading was better.

A typical day in Europe... 

8am Frankfurt Opens.  I'm either sipping my first cup of coffee or waking up.
9am London Opens.  If I'm up, I check if there is any movement or upcoming news and look for some GBP or EURUSD trades.
12pm Lunch time. The markets usually die down, and I go for lunch or do yoga.
3pm New York Opens.  If I'm not busy meeting friends then I will trade the US Market or US News.
6pm Dinner Time.  Cook, eat out, or meet with friends.
11pm  Tokyo Opens.  This is typically around my bed time, either I'm so tired from a 40km bikeride that I just take a quick glance to see if there is any action, maybe set some entry orders, or I'm still awake and have energy to trade a little more.

While this to me is a perfect day, focus on your lifestyle and schedule, and see when you can fit in some trading times, then it's a matter of trial and error and figuring out your trading style and technique that match your lifestyle.

Don't get me wrong.  I can trade pretty much anywhere, I just prefer the European Lifestyle and time zone.