Forex success does not exclusively depend on the best forex trading system. You also have to know when is the best time to take a trade. You have to know what forex trading hours are the busiest and which are slowest.
The hours of trading in which the market is most active is definitely when European and American markets are both open and overlap one another. This time is from 13:00 to 16:00 UTC or 8.00 two 11.00 EST. If you are looking for the liquidity and the volatility in the market, this is definitely your peak hours.
This is the time when most short-term traders or scalpers of the forex market, enter and exit their trades. There is not enough volume in the market, it is not enough news, and frankly, there are enough traders of two really move the market in a strong manner. Almost all the great movements occur during these hours. This is because the US and the uk markets account for over 50% of all transactions in the market.
The slower periods in the market are naturally after the European and American markets are closed and before the Asian and the Australian markets are open. The asian markets open at 8 pm est and the Australian markets are open at 7pm EST.
So from when the markets are closed in the united states from 4:00 pm EST to the Asian markets opening at 8:00 pm eastern time, the market is very slow. This could be a good time to enter if you are more of a position trader who wants to trade the market of more time in perspective.