The success of Forex trading does not depend 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 which are the slowest.
The trading hour in which the market is most active is definitely when both European and American markets are open and overlap each other. This time is from 13:00 to 16:00 UTC or from 8.00 to 11.00 EST If you are looking for liquidity and volatility in the market then this is definitely your maximum time.
This happens when most of the short-term traders or scalpers in the Forex market enter and exit their trades. There is enough money in the market, there is enough news and to be honest, there are enough traders to move the market strongly. Almost all big rice will happen in this hour. Because the US and UK markets account for more than 50% of all market transactions.
The slowest period in the market is naturally after the European and American markets closed and before the Asian and Australian markets opened. Asian markets are open at 8 pm EST and Australian markets are open at 7pm EST.
So when markets open in the US from 4:00 pm EST to Asian markets at 8:00 pm EST, the market is very slow. This can be a good time to enter if you are a position trader who wants to trade then market from a long term perspective.