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Best Forex Pairs to Trade at Night
The forex markets is less volatile during the night, and the best pairs to trade at this time are major currency pairs. You will also find that the currency pairs that involve Asian currencies tend to be more volatile than other markets. Some experienced traders might choose these pairs, and use a scalping strategy to trade them in the late hours. Generally, the volatility of these currency pairs is lower at night, so you'll find tighter spreads.
The EUR/USD is the most traded currency pair, and its activity declines during the night session in the EU/US. However, when the morning session starts, it begins to pick up momentum. The biggest opportunities are in big moves, breaking news, or a major trend gaining strength. The New York session starts at 12:00 UTC and ends at 21:00 UTC. The best currency pair to forex trade during this session is the EUR/USD.
The USD/JPY is another option that you should consider if you want to trade forex at night. As the GBP/USD pair closes the day gaining or losing one hundred pips, it will correct part of this distance during the Asian session. You can also add to a pullback during the Asian session by using Fibonacci retracement levels. If you're trading at night, you can also take advantage of the pending orders to trade at night.
