Forex market is open 24 hours a day. It provides a forex trading time zones opportunity for traders to trade at any time of the day or night. However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader. So, when should one consider trading and why?
The best time to trade is when the market is the most active and therefore has the biggest volume of trades. Actively traded markets will create a good chance to catch a good trading opportunity and make profits. Live Forex Market Hours Monitor:Reviewed, improved and updated on August 24, 2012. USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours you’ll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market. Market Hours Monitor to identify trading sessions.
If you haven’t chosen a Forex broker yet, we recommend Forex brokers comparison to aid your search. Download Free Forex Market Hours Monitor v2. This is a simple program aligned to Eastern Standard Time. Time zone option is added for most of North American and European countries. Forex trading is a high risk investment. All materials are published for educational purposes only. 9 profitable intra-day forex trading strategies you can use right now!
They identify intra-day trading strategies that are tried, tested. They stick to a strict money management regime. How do I find intra-day trading strategies that actually work? And Are there some day trading rules that will help me to trade forex, commodities, stocks? All you need to do is: set aside a few minutes of your day to tackle one of the following forex day trading strategies which I outline for you below. That’s the uncomfortable fact of life that marketers don’t like to speak of!
And those few people are most probably trading with other peoples money, like traders working for a bank or a hedge fund. That means the stakes are not as high for them, as they are for a person trading their own capital. There are intra-day trading strategies beginners can use to maximise their chances to stay in the game for the long haul. These can be use in most markets like forex, commodities or stocks. Awesome forex day trading strategies that are used successfully every day. The main chart patterns associated with these forex trading strategies. How to manage your trading risk to stay in the game for the long haul.
1 The strategy seeks trading opportunities through the combination of fundamental and technical analysis. 2 It requires a trader to analyse the fundamental aspects of the traded currency to establish mid to long term trend first. Then it uses the price momentum, support and a resistance zones to spot market reversals. 3 The strategy allows to enter the market at low risk and provide a large profit potential through advanced money management. 4 All trades are planned in advance to give a trader enough time to enter the market every time.
Most trades are placed as pending limit orders often executed during London’s session. 5 The strategy works well on all major US Dollar crosses. It generates between 1-5 signals per month. All trades are entered and held for anything up to several weeks depending on the price action and the market fundamentals.