When is the best time to trade from Europe/Austria?
The starting point. Austria sits in the Central European time zone. Because of that, many people assume the markets have unlimited liquidity through those hours, and end up trading in a low-volume environment.
The reality. For traders in Austria and Germany, a clear schedule applies: volume in the FDAX future (mini or micro contract) typically rises sharply at the spot index open at 09:00.
Desk Notes. EUR/USD (M6) volume already starts to pick up around 08:00 Vienna time, as European FX dealing desks become active; further liquidity joins at the London stock exchange open at 09:00. Gold activity typically rises around the London Gold Price Fixing at 11:30 Vienna time. In the quieter hours in between, volume is often much lower, which can lead to choppy charts on small timeframes.
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