Having failed to receive any money from his latest venture in Nigeria, and whilst still waiting for his lottery cheque to arrive, Peter decides to try his hand at the forex market. So, filled with enthusiasm and confidence, Peter meets Anna to tell her all about his new and exciting project. After all what could possibly go wrong. This is an opportunity that requires little work, and only a small amount of money to start, so what could be better.
Follow Peter’s journey over the next few weeks as he attempts to try his hand in the world of currency trading.
Dear Anna,
Which is the best time to trade Euro/USD? Is it during the london opening?
Faithfully Yours,
Sudhir
Hi Sudhir – yes you’re right – the London session is when the forex market has it’s deepest liquidity with Europe already open. This then moves to the US session when we have all three major centres open simultaneously, before Europe begins to wind down as traders square their positions before the close. Hope this helps and good luck with your trading – regards Anna