For forex trading which currecy pairs are normally very active , their active timings for day trading?
i am a stock market player. i want to enter currency market. kindly guide me which currency pairs are normally very active and the timings (from what time to what time if I am ready to concentrate on all the 24 hours)generally very active for day trading. Also request to mention the differnce between currency trading and stock trading in various angles
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By far and away the most active currency pairs are GBP/USD, EUR/USD, USD/CHF and USD/JPY.
EUR/USD and GBP/USD most of the time have the most movement.
Depending on the time of day and news releases especially from the USA.EUR usually follows the GBP in movement,but not always.
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I was a stock market player but not anymore so I can only answer the part regarding forex trading. Trading activities are from Sun 5am ET to Fri 5am ET. The most active pairs are the majors like GBP/USD, EUR/USD, USD/JPY, USD/CHF and we can also consider yen crosses with these majors. It will start to be active when US market is open.
For a really good PDF on trading times in the forex major pairs check out fxengines.com as they have a great document thats the best I’ve ever seen or you can also find it on fxstreet.com. It’s called when to trade.
Hope this helps!