The Forex market is unique in that it is open for 24 hours a day from Sunday to Friday. But do experienced traders sit in front of their computers throughout the day and night trading currencies?

Of course not!

They focus on the best trading times for each currency. This may be for only 4 hours a day. Sometimes, it might be only two hours.

Experienced traders -- especially day traders and swing traders -- are looking for high volatility and volume. They want strong and reliable trends and solid price movements. Investors are also looking for good trending currencies, but focus more on long-term trends. These criteria are usually met during a small window for each trading day.

Here's an example: The Euro is one of the most traded stocks in the world. This young currency is the focus for many individual traders, but also for large financial institutions and even governments. It is a great currency for beginning traders.

If you dare to get your feet wet, you must know when the best time to trade the Euro is. This is during the European session, which runs from 2am to 12pm (ET) every day with a peak time between 8am and 12pm ET.

If you don't want to focus only on the Euro, there are a few hours each day that are the best trading days for most of the major currencies. This period is known as the Power Hours.

So spend your trading time wisely and reap the rewards: more free time and potentially higher and quicker profits.