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Although the forex market is open 24 hours per day there are certain times which are better to trade than others.

The best time to trade forex is when the markets for the main currency pairs are open. Find a time when both markets on a certain currency pair is open at the same time (overlapping times). The market will have much more volatility in these times.

Trading EUR/USD when the American market is open but European market close will lead to a very slow move and not much excitement. Look for times when the trading times overlap. Those will be your best times to trade Forex.

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts