The optimal time for intraday trading is the first two hours the stock market is open.

From Sunday evening at 5 p.m. EST to Friday afternoon at 4 p.m. EST, the foreign exchange market is open 24 hours a day, every day of the week. Because of the wide range of worldwide time zones, the foreign exchange market is open for business around the clock.

A lot of forex traders find the 1-hour charts to be the most conducive to their trading style. It's not too short of a time frame, and the number of trade opportunities is manageable. This time range for trading allows for more leisurely market analysis and less time.

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