Know what Forex is. Learn what is Forex (foreign currency exchange market) and gain the knowledge of the basics of FX market and Forex trading.
One of the key advantages of the forex market is its ability to operate continuously throughout the week. As the trading session in one region comes to a close, another session begins in a different part of the world. For instance, after the Asian session concludes, the European and UK ba...
The forex market is open 24 hours, five days a week, except on holidays. This allows traders to trade at any time of day or night if theydownload cTrader. However, not all times are created equal. Three main sessions cover the majority of forex trading activity: The Asian session (Tokyo...
New York servers would give you great liquidity and quick execution in a busy North American trading session. Tokyo, Japan The primary Forex trading market within Asia is very active during Asian trading hours; Tokyo is the main currency angled in Asia. Tokyo is best known for its traders foc...
Time of TradingThe time when you place a trade matters. The spread will be lower if you place a trade on a US currency during the US trading session than when you trade the same pair during the Asian trading session. That's because there are fewer traders if it is not the normal trad...
As you can see in the chart above, which is theGBP/USDonFXCM, the simple volume indicator, paints a pretty accurate picture. During the main European market hours, volume spikes. Then during the evening session, the volume drops away. There are also large volume spikes that occur for a ...
The Asian session is a daily phenomenon, just like the European and American trading sessions. But does the day of the week have any influence on the Forex market? Days you Shouldn’t Trade Forex There are some obvious days that you should distance yourself from trading specific pairs, things...
work around your timezone but I would trade the most active currencies for the time of day you wish to trade so do your research on currency pairs and what session you wish to trade whether that's the London session such as myself of the New York session or even the Asian session. ...
pound, we isolateintradayopportunities that give us the ability to sell into this trend through simple technical analysis (support and resistance). A good strategy for this would be to look for great short opportunities at the London open after theprice actionhas ranged from the Asian session. ...
Unlike a currency devaluation as part of a trade war, a currency crisis is not a purposeful event and is to be avoided. Central banks and governments can intervene to help stabilize a currency by selling off reserves of foreign currency or gold, or by intervening in the Forex markets. ...