Trade Tuesday to Thursday Focus on trading during these days for more active and stable market conditions.

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On top of all that, you should keep in mind that those who trade foreign currencies are little fish swimming in a pond of skilled, professional traders—and the Securities and Exchange Commission warns about potential fraud or information that could be confusing to new traders. Perhaps it’s a good thing then that forex trading isn’t so common among individual investors. In fact, retail trading (a.k.a. trading by non-professionals) accounts for just 5.5% of the entire global market, figures from DailyForex show, and some of the major online brokers don’t even offer forex trading. What’s more, of the few retailer traders who engage in forex trading, most struggle to turn a profit with forex. CompareForexBrokers found that, on average, 71% of retail FX traders lost money. This makes forex trading a strategy often best left to the professionals.

The best time to trade forex will depend on your personal risk preference, as high liquidity and volatility can affect forex prices. When the London session opens at 3am (EST), liquidity and volatility will likely be high as traders begin interacting with each other. Trading will usually become less liquid a few hours later, and it will pick up again after the American session opens at around 9:30 am (EST). The foreign exchange market is open 24 hours a day, five days a week—from 3`am Sunday to 5pm Friday (EST). So, you can trade at a time that suits you and take advantage of different active sessions. Remember: the forex market’s opening hours will change when certain countries shift to daylight savings time.