You are not here by mistake, I know fully well that you are looking forward to learning the best time to trade NZDUSD but I recommend you first learn basic knowledge of the forex market that is required to succeed.
NZDUSD is a major currency pair traded in the forex market. Like, have every other pair they have their moments of market volatility.
In this period of this volatility, the market will be flooded with multiple entries by traders wanting to catch a few pips with regard to their trading capital and experience.
Keep reading to find out how to trade NZDUSD successfully.
Table of Contents
BEST TIME TO TRADE USD/JPY
A good understanding of the forex market will give you good entries and exits in the market. This knowledge works in all pairs; it will help you filter the Noise and find your areas of liquidity.
Based on the data USDJPY has more liquidity in the New York session. So the time interval for this pair will be between 12:00 and 15:00 GMT.
RELATED: BEST PAIRS TO TRADE DURING TOKYO SESSION
BEST TIME TO TRADE NZDUSD
The best time to trade NZDUSD is in the overlap of the London and New York session as that is when you will find more liquidity and news release.
BEST TIME TO TRADE GBP/JPY
GBPJPY is one volatile pair and it is best traded when the London and Asian session opens between 8 am and 9 am GMT. This is when you will find significant market volatility.
RELATED: BEST TIME TO TRADE FOREX IN NIGERIA
BEST TIME TO TRADE AUD/USD
AUDUSD currency pair has one of the tightest spreads and is a safe haven, especially for forex beginners. The AUDUSD like every currency pair can be traded 24 hours but see more liquidity between the hours 19:00 and 04:00 (GMT).
BEST TIME TO TRADE USD/CAD
The best time to trade USD/CAD is during the US session, especially during the overlap between the US and London sessions, which begins at 8:00 a.m. EST (UTC CMT – 5) and finishes at noon. This currency pair is the most volatile during this time period.
In addition, between 8:30 a.m. and 9:30 a.m. EST, a large amount of news about the economic life of the United States and Canada is released. During the morning session, it raises the amount of volatility.
WORST TIME TO TRADE FOREX
It is true that the forex market is a 24-hour market however this doesn’t mean that you can trade the forex market anytime you feel like it.
There are times when you should avoid trading the market; below you will find help on the worst time to trade forex; I will give you more than one.
Minutes before and after high-impact news: Seeing market volatility in the news period can make you a lot of money; it can cost you money too. This is why the best advice you give yourself as a trader is to be patient and wait for the gold rush to be over especially if you have no idea how the news works.
Minutes before and after the news are periods when a lot of traders blow their accounts.
National Holidays: Banks are major market influencers, if they go on holiday, you should too. With the absence of banks, the forex market loses liquidity.
If you choose to trade in this period you will end up being stuck and frustrated.
The best thing you can do is to wait for the holidays to be over.
Late Sunday and early Monday; Late Sundays and early Mondays are periods of indecision in the market, the market has no clear-cut direction for entry or it could be the near end of a trend.
During this period big investors avoid the market as it comes with low liquidity. They wait for the market to become active and you should too.
End and beginning of the Year: This period marks a major holiday in the world and for sure trading activity becomes very slow.
At the beginning of the year, trading activity is starting to pick up slowly. This period comes with lots of holidays too.
When you are not in the right state of mind: Being in the right frame of mind is important for a trader to be successful. Controlling your emotions when you experience loss is vital because every trader will.
No one is putting a gun to your head that you must trade every day. Being in the right frame of mind is having the right mindset about trading forex which means lowering your expectations and accepting losses.
BEST TIME TO TRADE FOREX IN THE PHILIPPINES
The best time to trade forex in the Philippines is when there is market volatility where the London and New York session Overlaps.
These periods extend from 09:00 PM to 12:30 AM a.m. PHT.
The trading hours for the Tokyo/London overlap extend from 02:00 PM to 04:00 PM PHT.
BEST TIME TO TRADE GBPUSD
The best time to trade GBPUSD is when you find the big daily move which is between 08:00 and 10:00 GMT, plus 12:00 and 15:00 GMT.
IS NZDUSD A GOOD PAIR TO TRADE?
The New Zealand dollar is named a convey exchange cash since it offers a high return. Accordingly, financial backers every now and again buy the NZD and money it with lower-yielding cash like the Japanese yen or the Swiss franc.
Trading during peak hours for Australian and Japanese business sectors, which are ordinarily between 12 PM and 6 a.m. GMT, can assist you with staying away from this. This is the point at which the AUD/JPY has the most liquidity.
WHEN CAN I TRADE NZDJPY?
During peak market hours, when both currencies are widely available, you should try to trade NZD/JPY. This is when the Tokyo trading session opens, which is from 10 p.m. to 6 a.m. GMT for UK traders.
WHAT IS THE BEST TIME TO TRADE JPY PAIRS?
The bottom line is that trading the USD/JPY between 12:00 and 15:00 optimizes your efficiency. The higher volatility allows more possibilities to trade during this period, which frequently provides the best opportunities to deploy trading funds.