Author - Adrian Pablo
Once you have decided to enter the Forex trading world you will find that FX trading has many advantages over other capital markets. Including among others; very low margins, free trading platforms, high leverage and around-the-clock trading.
It is my main concern in this article to let you know what hours you should be ready and focus for start trading, so you can expect the highest profits in your trades, and not just consider that around-the-clock trading means you should randomly trade through out the day.
In short, it is important to know what the best hours to trade are because if you want to find an appreciable number of profitable trades you need to enter the forex market at the best period of time, i.e., when the activity, the volume of transactions, is the highest.
At any given time; somebody, somewhere in the world is buying and selling currencies. As one market closes, another market opens. Business hours overlap, and the exchange continues as day becomes night and night becomes day. Giving you 5.5 entire potential trading days.
Forex Trading begins in New Zealand at Sunday 5pm EST, and then is followed by Australia, Asia, the Middle East, Europe, and America in this order and through out the day and through out the week until Friday 4pm EST when the American market closes.
Other important facts every Forex trader should know are: the US & UK markets account for more than 50% of the forex market transactions; Forex major markets are: London, New York and Tokyo. Nearly two-thirds of NY activity occurs in the morning hours while European markets are open. And maybe one of the most important characteristics; Forex Trading activity is heaviest when major markets overlap.
So, the answer to the question; "What hours should I be trading?" is dictated by this last characteristic, you should trade when the major markets overlap. Now, when do they overlap?.
Considering the different time zones of the world and open and close times for Australian, New Zealand, Japan, America and Europe markets. We can arrive to the conclusion that there are two major time gaps when two of the major markets overlap during trading hours.
These hours are between 2 am and 4 am EST (Asian/European) and between 8 am to 12 pm EST(European/N. American).
So if you want to catch the best trading opportunities of the day and you are in the American continent you must be ready to wake up early or go to sleep late some times. Of course things change around the world. What's the best region where to trade from if you can't wake up early?... Maybe the Ukraine.
forex, forex trading, trading forex, forex factory, forex rates, free forex, online forex, forex broker, forex signal, forex online, best forex, forex system, forex trade, easy forex, forex market, forex software, trade forex, forex.se, forex forum, forex signals, forex news, forex trader, forex brokers, forex account, online forex trading, forex currency, forex strategy, forex trading online, forex online trading, managed forex, forex charts, forex strategies, forex trading system, forex ea, forex demo, forex exchange, forex training, learn forex, forex trading software, automated forex, forex analysis, forex chart, forex currency trading, forex course, forex platform, forex systems, forex indicators, forex scalping, forex markets, best forex trading, forex day trading, automated forex trading, forex traders, what is forex, forex converter, forex trading strategies, forex calculator, forex blog, forex robots, forex trading platforms, fx forex, best forex broker, cms forex, acm forex, forex investment, forex education, forex trading platform, managed forex account, forex mini, forex tutorial, forex managed accounts, forex trading systems, how to trade forex, forex trading signals, forex demo account, forex options, learn forex trading, forex trading strategy, forex trading course, forex trading account, forex platforms, online forex broker, forex trading training, automatic forex trading, forex trading tips, what is forex trading, forex trading demo, forex trading tutorial, forex trading hours, forex trading forum, forex investing, forex trading brokers, global forex trading, forex information, forex trading education, forex broker reviews, forex trading scams, mini forex trading, managed forex trading, learning forex trading
No comments:
Post a Comment