Ideal Forex Trading Schedule Experiment

Since moving to Maui, I’ve been pretty relaxed about my forex trading. The rapid forex blog has readers all around the world, and everyone has a different time that’s convenient for trading…

So I decided to do an experiment…

Starting tonight with the open of the London session on July 20th, 2010 I am going to follow the following schedule by watching for forex trading opportunities at the following times:

1. London Market Open – 7 am GMT, 3 am EST, 9 pm Hawaii
2. New York Market Open – 12 pm GMT, 8 am EST, 2 am Hawaii
3. Sydney Market Open – 9 pm GMT, 5 pm EST, 11 am Hawaii
4. Tokyo Market Open – 11 pm GMT, 7 pm EST, 1 pm Hawaii

I will be there for a minimum of the first hour of trading following the market open times for these major markets. I’ll get there 15 minutes early to post a quick market summary for live 90 day forex trading bootcamp members who want to trade those times.

Best times to Trade?

One of the classic recommended best times to trade is in the London/NY market overlap session, which is from 1 pm to 5 pm GMT, 8 am to noon EST, and 2 am to 6 am Hawaii.
For me this time is the most inconvenient because it means that I’ll end up sleeping through several hours of daylight. I’m on Maui to enjoy it, so I personally need to select different hours…

Forex Trading Experiment Round 1

After a week or two at this pace, I will switch my schedule to the 2nd hour of market activity. Then I’ll try trading the final hour. After doing this experiment for the next month, I’ll determine if this method works best, or if I should just focus on one market overlap session.
If you’re a live forex trading bootcamp member, you’ll be able to pick any of these times to trade. You’ll have an update approximately 5 minutes before the trading session. I’ll post another update after the first hour, and possibly during.
If you haven’t yet joined the live trading forex bootcamp, there’s still 2 months left. You’ll have plenty of time to learn forex trading at this pace.
I’ll let you know the results as I conduct this experiment to determine the ideal trading schedule!

Experiment With Me

It would be fun to know what works best for you. Feel free to follow this experiment yourself, or design your own experiment. It will be fun to all learn together during this experiment. I look forward to reading your comments about what works best for you!

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