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Make Use of Forex Trading Hours
The main advantage to trading in the Forex market is the hours of operation. Unlike the traditional stock exchange, the Forex market is open all day. This allows traders to conduct trade activities at any time without restrictions. This is considered to be a 24 hour market, which is one of the most attractive features of trading Forex. Many traders are on the go and cannot trade within a specific time frame, so having the ability to conduct a trade at 2 am if necessary is a great feature. While the Forex market is available at most times, there are certain times when trading will be best and when it would be best to avoid trade activities.
Even though the market is open 24 hours a day, each financial center, such as London, New York and Australia will have their own operating hours. These are usually from 8 am to 4:30 pm. Since so many financial centers around the globe are operating, it is possible to have times when two or more markets are overlapping. For example, the New York and London markets will overlap from 8 am to 12 pm while the Tokyo and London markets will overlap at a different time frame. These overlapping periods will be the best tome to participate in trades because the volume, or liquidity is at its highest.
In addition to the overlapping times, there are other times that traders will prefer to trade. These include in the middle of the week, where the most movement occurs. Many traders will choose to trade during the operating hours of the largest financial centers, including Tokyo, New York and London. While there are many great times to conduct Forex trades, there are also times in which trades should be avoided. These include Sundays because of the limited volume, Fridays because the market is unpredictable on this day, holidays, which have limited volume and between 4 pm and 6 pm EST, when the market volume is low. Knowing when to trade and when to avoid trading can help investors increase returns and have more success with Forex trading.
Forex Related Articles
There's a lot that to know when it comes to Forex trading which is why WorldForex.org will continue adding articles and new information to this website on a regular basis. Please visit us and come back to our website from time to time for the latest Forex technicals, charts and other information.
June 20, 2017
When it comes time to start trading Forex online, traders will start by selecting a broker, which will facilitate the trades being conducted. One of the great names in the business is OANDA, a pioneering brokerage that has been operating since the mid 1990s. With this broker, traders will benefit from many tools, useful tutorials and other great perks that can make trading even more exciting and rewarding. The online platform was launched in 2001 and since that time, it has been a preferred platform for traders from all over the world.
The 1 Minute Scalping Strategy
June 15, 2017
Forex traders who have experience in trading will be aware of many different strategies and techniques that can help generate successful trades and profits. One of the common strategies that is used is the 1 minute scalping strategy. In regards to the Forex market, scalping refers to method of trading specific currencies based on technical analysis. Traders will have the goal of making a profit by buying or selling while holding positions for a very limited amount of time and closing the trade to earn small profits. Most trades with the 1 minute strategy will be held for one minute or less.
June 2, 2017
When new traders make the decision to start investing online, they will have to make an important decision to begin, which is selecting a trading platform. A platform is the software that will be used to send information between the trader and their selected broker. This software can offer a large amount of information including charts and quotes and it is also used to enter orders that will be executed. There are different types of platforms, such as local platforms, which are installed on the computer by the trader and web based platforms, that are run with Java. The advantage of a web based platform is that it can be used by any operating system, so it is accessible to more traders.
May 18, 2017
Forex trading has become one of the most popular forms of investing and since it can all be done online with ease, it is simple for traders to access brokers and conduct trades at any time. While the Forex market may seem easy to enter, there are many things that must be considered before trading. There is a risk involved and traders who enter the market with little knowledge or no information on proven strategies will have a difficult time enjoying any success. Here, we discuss some strategies that have been used over the years and continue to provide traders with the tools they need to conduct successful trades and start generating profits.
May 5, 2017
Investing in the Forex market can be quite exciting and there are many options that can generate amazing profits. Unfortunately, many traders enter the market without the knowledge they should have and they often make common mistakes that can lead to unnecessary losses. Making mistakes while trading is part of the learning process, but there are some mistakes that can easily be avoided. For those that are price action traders, there is not as much information available online, so common mistakes are often made because traders cannot find the right information to help them conduct these tyupes of trades. Here, we discuss the top three price action trading mistakes that are made.