Most efficient time of day to work out? (for fat loss)

What's the verdict on best time of day to get a workout?

I have always been told different things, read different things in fitness magazines, so on and so forth.  It seems everyone has a varying opinion of the best time to work out.

In the past, I noticed that I lost weight most efficiently if I worked out first thing in the morning, before consuming any calories! Is this ok? 

What experiences have you guys personally had?

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