Best Time to Invest in Forex Trading

The first aspect to consider is related to the type of personality one has, the goal one wants to achieve with the investment, what level of anxiety one is willing to reach, and the amount of composure one possesses. At first glance, these may seem like questions of little importance, but they are not, considering that Forex offers many more possibilities to succeed in obtaining profits compared to the stock market (to stay on markets with high volatility). Obviously, it's not about the possibilities of choice on the instruments to invest in (currency pairs are almost insignificant in number when considered in light of the number of financial securities listed on any world stock exchange), but about timing, that is, the right moment to enter a particular investment. In Forex, it is possible to profit even by selling and buying back in a bearish moment, without the need for bullish periods (a necessary condition for the stock market). However, this type of intervention requires a decision-making ability that can be clouded in a person who poorly tolerates quick decisions to be made promptly or in situations of slight stress. The choice of strategies determines timing, not the other way around. Having clarified this first aspect, it is necessary to consider the importance of the range of strategies to choose from and master. This does not mean that one should not be informed and expand one's knowledge of Forex, but this should not lead to dispersing one's energy in choosing the best strategy ever. Once you have chosen three, at most four strategies that have been well understood and that you can put into practice without difficulty, you have equipped yourself with most of the baggage you need to have a good chance of success. Obviously, the choice of strategies should be made according to the type of trading you want to implement (scalping, intraday, etc.), and also in light of the expected profits. For example, scalping allows for very small gains for each operation, so for greater profits, it is necessary to carry out a high number of position opening and closing operations within the same day. Once these few principles are understood, it remains very easy to comprehend that the best time to invest will be determined precisely by these same aspects, and although it does not exist in an absolute sense, it can be determined with a good approximation.