Forex Trading Time in India

The forex market is nothing new to Indian traders, in fact, when compared with other types of trading, presently more traders are venturing into forex trading than ever before. As the global forex market functions around the clock, some ambitious traders plan to trade in the market all through the day. Trading all day with different currencies would do you more harm than good. There are certain time frames of the day when trading in the forex market can lead to a loss. To make maximum profit by forex trading, you need to analyse the market closely and learn about them thoroughly before stepping into this risky task due to the high liquidity in the forex market.

Functioning hours of forex trading in India

Before directly stating forex trading time in India, it is significant for amateur traders to know why it is said that the forex market works 24 hours a day. It happens just because of the different international time zones all over the world. Trading actually opens in Australasia, then Europe and followed by North America. The forex market functions in India from 9:00 am to 7:30 pm, at IST. The cross-currency pairs are traded up to 7:30 and the INR currency pairs are traded only up to 5:00 pm.

Most Ideal time to trade in forex

The liquidity of the forex market is already higher. And it is believed that the market time with more liquidity and volatility could garner more successful orders. Such a condition would also be minimising the spreads available for currency pairs. To learn more about the best time for trading in the forex market, you may get in touch with WealthWay FX. Their effective training sessions about forex trading are proved to be very beneficial for beginners and those who wish to earn profit with the right strategies. Along with that, if the forex market is moderately volatile, your transactions have a higher probability to gain more.

Best days for forex trading in India

When the trading sessions are overlapping, the forex market will become more liquid, as the number of traders is increasing then. Furthermore, when talking about the best day for forex trading in India, there would not be a specific answer to such a question. The forex market is most likely to be volatile and liquid on Thursdays and Fridays when the price fluctuations are also very active. However, a trader may not exactly predict the best day to trade in the market unless he is an expert. Also, the most stable days are said to be Tuesdays and Wednesdays. And, they are obviously inactive for many hours on Sundays and Saturdays.

Bottom Line

As already mentioned, for making your forex trading profitable traders will be required to implement the right strategies to buy and sell currencies. If you are trading through WealthWay Fx, which is the best forex trading platform in India, you will get to analyse the charts and spread them effortlessly. In addition to that, traders could make use of Currency convertors, forex calculators and other instruments effectively. The experienced mentors of the institute will also be guiding you to trade responsibly and effectively. Henceforth, it is always recommended to enter into forex trading once learning about the same from the right professionals and a reliable broker to gain wealth, rather than lose it.

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