Every day, 3 trillion dollars float through the hands of people who
aren't any smarter than you or I are. It doesn't make any difference if
you're an accountant, baker, butcher, retired sea captain, homemaker,
airline pilot, surgeon - or cop on the beat.
Want a share of this $3 trillion pie? If you're willing to take some
direction, you deserve a nice piece of the action. Best of all, you'll
never have to learn zip about currencies. I will teach you the
techniques and strategies to go out and claim what is rightfully yours.
I will show you how you can play right along with the giants of world
commerce. You won't be on the outside looking in; you'll be enjoying the
thrill of a lifetime, riding on their king-size coattails. Simply put,
TRADING THE FOREX DESERVES YOUR SERIOUS CONSIDERATION.
Forex trading has enjoyed exponential growth and widespread popularity
over the past few years. It is only now that online foreign exchange
trading is starting to get noticed.
Until recently, large international banks were the big dogs in the
foreign exchange (FX or forex for short) market, selectively allowing
access via telephone trading to Fortune 1000 companies, large funds,
high-net worth individuals, etc..
But now, there are online trading firms that provide individual traders
like you and I with direct access to the largest, most liquid financial
market in the world - the forex. A lot of traders seem oblivious to this
market. This unfamiliarity is the root cause of misconceptions about
this exciting market.
Spot foreign exchange is the ideal market for
active trading - more leverage than equities/futures/options. The market
is highly volatile, has a tendency to trend strongly, and actively
trades 24 hours per day. There are no limitations on when one can short a
currency. Currency traders can make money when a currency is becoming
stronger or weaker.
BEST TIMES TO TRADE THE FOREX
Today's topic concerns the best time of day to trade the forex. The
Forex market is not a bricks and mortar building in which the market is
located like a stock exchange. The forex market is "open" from Sunday
afternoon right up until Friday afternoon when it "closes".
During this
time one can trade 24 hours a day because as one geographical location
is closing another one is opening. The Forex market literally follows
the sun around the globe. The largest session is the London Session
starting around 3: 00 AM EST and closing around noon same day.
Although the market is open 24 hours, if you have limited time for
trading, timing is everything. The most active trading times are when we
have session overlaps between one market closing and another that is
opening.
Usually the most trading opportunities are found when
there are major swings in price action due to changed in market
sentiment occurring around a particular currency. And generally the best
time to catch these market swings is around the opening and closing
times of the major markets. These major market swings can be found at:
(all times is EST)
7:00 pm - Trading Begins; Markets open in Tokyo, Japan
9:00 pm - Singapore and Hong Kong Open
2:00 pm - European markets open in Frankfurt
3:00 am - London Opens (closes around 12:00 Noon)
4:00 am - European markets in full swing; Asia Finished
8:00 am - U.S. Markets open in NYC; Europe winds down
8:30 am - U.S. News embargo Lifts
5:00 pm - NY Closes (4PM); Australia Opens (closes at 1AM)
7:00 pm - Tokyo ready to re-open
Remember time is money and if you have limited time then the time of day
that you trade can make a huge difference in your trading.
Latest Forex News and Analysis
Posts
