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Showing posts with label The best kept secret of trading. Show all posts
Showing posts with label The best kept secret of trading. Show all posts
The Best Kept secret Of Trading.
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stephenadebiyi |
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THE BEST KEPT SECRET OF TRADING.
Forex trading is not only about using appropriate strategies, but also about proper timing. Yes, it is true that the Forex market is open 24hrs a day but it is not always active. This means that while you can make money when the market is going down or up, you'll find it difficult to make a profit if the market hours as well as the best times of the day and the best days of the week to trade.
The Forex market has 3 major trading sessions: the Tokyo session, the London session and the US session. Between each session is a period when two sessions are open at the same time. For example, both the Tokyo and London sessions are open between 3AM-4 Am EST while the London and US markets are open from 8AM-12PM EST. These then are the busiest time for trading since traders who wish to purchase currency from another continent can do so.
Of all trading markets, London usually shows the most movement because it involves a number of countries such as UK, EU member countries and many other.
TO BE CONTINUED..
Forex trading is not only about using appropriate strategies, but also about proper timing. Yes, it is true that the Forex market is open 24hrs a day but it is not always active. This means that while you can make money when the market is going down or up, you'll find it difficult to make a profit if the market hours as well as the best times of the day and the best days of the week to trade.
The Forex market has 3 major trading sessions: the Tokyo session, the London session and the US session. Between each session is a period when two sessions are open at the same time. For example, both the Tokyo and London sessions are open between 3AM-4 Am EST while the London and US markets are open from 8AM-12PM EST. These then are the busiest time for trading since traders who wish to purchase currency from another continent can do so.
Of all trading markets, London usually shows the most movement because it involves a number of countries such as UK, EU member countries and many other.
TO BE CONTINUED..
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