Forex trading can be a 24 hour endeavour and depending on the time of the day that you’re looking at the markets can determine what you should be trading. Obviously, it is best to trade with the markets that are most busy as they will be liquid markets and allow you to place trades in a liquid and more true market. However, just what is the best instrument to trade at the time that you’re looking?
Well, this is the question that I asked myself and off I went to compile a quite chart on when best to trade. I have included the best Forex pairs to trade and also the various country Indices.

All times are in GMT.

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I can’t believe it, the DOW made over 900 points in todays trading session, a gain of over 11%!! WOW, this is the biggest ever one day gain I have ever seen! Sometimes I wish I had the capital to trade these markets.. this would have been a serious payday.

The past week, we had seen the biggest drop on the US and UK (and probably other markets but I only primarily follow the UK and US markets).

I hope this stabilises the markets and that we see further upside.. however, it is possible that this is just a reactionary bounce before further downside.. afterall, the markets have fallen extremely sharply of late and hence oversold.. people were expecting a correction at some stage and this is it… we’ll see…

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Last night, I found that my trading platform had 5 min UP/DOWN markets.. these are binary markets and allow you to bet on the movement of the DOW in 5 minute timeframes..  for example, you can bet if the DOW will go up or down in the next 5 minutes. I thought I would have a play and boy, was that the worst mistake.. it is pure gambling and I got my fingers burnt, I lost the equivalent of 70 points.. very bad! Anyway, I’ll try not to play with it in future as it’s not good for the bottom line.

Anyway, back home and played a quick scalp last lasting less than a minute..  the market had fallen from a double top and hit 10760. I noticed stochastics had bottomed out and so I waited to see if it would turn up and cross.. it did and I entered long. I closed out at the spike at 10800 or nearabouts for +16. The market since has got as high at 10850 but everything is so volatile, it’s best not to trade it right now.

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