USD/MXN is a commonly traded currency pair, but it is not classified as a major. It has more modest trading volumes than the other major pairs and tends to be less liquid due to Mexico's position in the global economy. However, USD/MXN can still provide traders with plenty of opportunity, especially when Mexican economic news or political events cause volatility in the pair.

Trading USD/MXN requires an understanding of both Mexican and US economic events, and as such can be a great tool for traders looking to diversify their portfolios. With that said, it is important to remember that USD/MXN can be unpredictable at times, so it is best to approach this currency pair with caution.

Trading in the USD/MXN pair requires a fairly good understanding of the dynamics of the currency markets. It’s important to understand how news and economic events will affect the value of these currencies in order to make informed decisions about when to buy or sell.

When it comes to trading USD/MXN, a few different strategies can be employed. One way is to focus on long-term trends, which may involve taking advantage of larger price fluctuations over time. Another strategy is to trade on a shorter time frame and look for more short-term opportunities.

It’s also important to diversify your holdings by trading other currency pairs, such as USD/JPY or EUR/USD. This helps reduce risk and provides additional protection against volatile market movements.

Though currencies can be traded 24/7, there are certain times of day that offer more liquidity and better trading opportunities. The peak time for USD/MXN trades is when the Mexican stock exchange is open, which is from 8:30 am to 3 pm Mexico City time (1:30 am to 8 am GMT). This means that during this time period, there will be more buyers and sellers, driving up liquidity levels.

Outside of these hours, traders can also look for opportunities when economic data or news related to either country is released. These updates can lead to significant price movements, so traders should pay attention to the calendar and watch out for important announcements.

Ultimately, the best time for trading USD/MXN depends on an individual trader’s risk appetite and strategy. Some might prefer to trade during peak times for liquidity, while others may look for trading opportunities when news is released. Knowing when to trade and having a good understanding of the underlying dynamics can help any trader make better decisions in this currency pair.